Mixed results for broadcast stocks

By on Sep, 4 2014 with Comments 0

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.

Winners
Emmis, up 3.6%
SBS, up 2.6%
Entercom, up 1.9%

Losers
Entravision, down 3.0%
Gray, down 2.3%
Radio One, down 1.6%

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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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