Broadcasters follow the market downward
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.
Beasley, up 4.0%
Fox, up 1.3%
SBS, up 1.2%
Radio One, down 7.1%
Cumulus, down 6.0%
Salem, down 2.8%