Broadcasters outperformed a mixed market

By on Mar, 21 2012 with Comments 0

Fed chief Ben Bernanke worried about Europe in testimony on Capitol Hill and the National Association of Realtors reported that February sales of existing homes were down, so Wall Street had plenty to worry about on Wednesday. The Dow Jones Industrial Average declined 46 points, or 0.4%, to 13,125. The S&P 500 also fell, but it was a mixed day because the Nasdaq Composite was up a bit. Broadcasting stocks were among the winners.

The RBR Radio Index was up 2.930, or 0.8%, to 371.079.

The TVBR Television Index was up 0.201, or 0.1%, to 260.668.

Winners
Emmis, up 5.5%
Entravision, up 3.5%
Salem, up 3.2%

Losers
SBS, down 3.6%
Nexstar, down 2.3%
Gray, down 2.1%

 

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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