Economic optimism fueling stock buying

By on Sep, 1 2014 with Comments 0

Analysts believe that investors believe that the US economy is beginning to show some signs of life. That didn’t do much good for broadcasters Friday, who ended the day largely where they began it. Radio was up a bit, TV not.

The RBR Radio Index rose 5.127, or 0.7%, to 793.193.

The TVBR Television Index fell 0.801, or 0.1%, to 811.875.

Winners
Salem, up 2.5%
Radio One, up 2.4%
SBS, up 1.9%

Losers
Entravision, down 2.6%
Cumulus, down 1.7%
CBS, down 0.4%

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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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