Mixed results for broadcast stocks
Wall Street observers said traders were waiting on a Friday jobs report before taking any big chances, leading to a down day. Radio stocks ignored that trend as a general rule, but TV stocks followed the general pattern of shrinkage. Emmis was the day’s top performer.
The RBR Radio Index rose 4.833, or 0.6%, to 792.065.
The TVBR Television Index fell 5.882, or 0.7%, to 809.674.
Emmis, up 3.6%
SBS, up 2.6%
Entercom, up 1.9%
Entravision, down 3.0%
Gray, down 2.3%
Radio One, down 1.6%