Economic optimism fueling stock buying
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.
Salem, up 2.5%
Radio One, up 2.4%
SBS, up 1.9%
Entravision, down 2.6%
Cumulus, down 1.7%
CBS, down 0.4%