Mixed results for broadcasters

By on Dec, 23 2014 with Comments 0

The Dow Jones Average broke into new territory Tuesday 12/23, but radio stocks followed by RBR were not able to participate as a group, largely as a result of a very rough day for SBS. TVBR’s television stocks were in the black, however.

The RBR Radio Index fell 7.580, or 1.1%, to 702.910.

The TVBR Television Index rose 8.349, or 0.9%, to 911.572.

Winners
Cumulus, up 3.7%
CBS, up 2.2%
Gray, up 1.7%

Losers
SBS, down 11.4%
Salem, down 1.6%
Fox, down 0.6%

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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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