Broadcasters fly high on happy Wall Street
Petros were up and the Fed said it is patient in regards to raising interest rates, and radio and television stocks were able to ride the happiness to significant gains. SBS had a particularly good day; Beasley did not.
The RBR Radio Index rose 21.728, or 3.2%, to 700.398.
The TVBR Television Index rose 24.471, or 2.8%, to 903.150.
Entravision, up 14.2%
Gray, up 9.0%
Beasley, up 5.4%
Cumulus, down 8.9%
Nexstar, down 0.9%
Entravision, down 0.1%