Falling Apple is a Wall Street drag

By on Sep, 3 2014 with Comments 0

Competition in the tech sector got the blame for a Wednesday downtick in stock prices. But if you look at broadcast stocks, you’d barely notice any change at all, on average. CC Media was the best of a relatively flat lot.

The RBR Radio Index fell 2.416, or 0.3%, to 787.232.

The TVBR Television Index rose 1.641, or 0.2%, to 815.556.

Winners
CC Media, up 2.7%
Entravision, up 1.3%
LIN TV, up 1.2%

Losers
SBS, down 2.9%
Cumulus, down 1.6%
Radio One, down 0.9%

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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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