Broadcasters slip on another oil slick

By on Dec, 8 2014 with Comments 0

It apparently isn’t enough for petroleum stocks to have a bad day – and they’ve had a lot of them lately. No, they have to drag others down into the tar pit with them, and on Monday the others included most broadcasters. Wheeling-dealing Entercom was a very notable exception.

The RBR Radio Index fell 9.928, or 1.4%, to 683.453.

The TVBR Television Index fell 9.204, or 1.0%, to 874.362.

Winner
Entercom, up 2.2%
Nexstar, up 1.0%
SAga, up 0.5%

Losers
Radio One, down 4.5%
Cumulus, down 3.2%
Beasley, down 2.73%

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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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