Broadcasters slip on another oil slick
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.
Entercom, up 2.2%
Nexstar, up 1.0%
SAga, up 0.5%
Radio One, down 4.5%
Cumulus, down 3.2%
Beasley, down 2.73%