General market up, broadcast results mixed

By on Dec, 2 2014 with Comments 0

Television stocks did very well Tuesday as a rule, following the market upward.  On the other hand, stocks on the RBR Radio Index included only two losers, but their losses were significant enough to drag down the whole group.

The RBR Radio Index fell 2.384, or 0.3%, to 701.251.

The TVBR Television Index rose 10.197, or 1.2%, to 876.299.

Winners
Entravision, up 4.0%
Salem, up 3.5%
iHeart, up 2.1%

Losers
SBS, down 8.4%
Beasley, down 5.8%
CBS, down 0.3%

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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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