Broadcasters follow the market downward

By on Dec, 1 2014 with Comments 0

There were all kinds of explanations for stocks going down – sluggishness in China, sluggishness during the Black Friday weekend and the rebound in oil prices all got mentions. Whatever it was, broadcasters got stuck in it. Beasley was a notable exception.

The RBR Radio Index fell 11.812, or 1.7%, to 703.635.

The TVBR Television Index fell 10.665, or 1.2%, to 866.102.

Winners
Beasley, up 4.0%
Fox, up 1.3%
SBS, up 1.2%

Losers
Radio One, down 7.1%
Cumulus, down 6.0%
Salem, down 2.8%

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About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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