Oil picks up, so second bananas take over
The petro companies slacked off on their task of dampening the stock market, but tech companies were more than willing to jump in and keep the red ink flowing – but broadcasters ignored these shenanigans, with radio coming home an eyelash north of flat and with television posting a nice gain.
The RBR Radio Index rose 0.134, or 0.0%, to 678.670.
The TVBR Television Index rose 11.472, or 1.3%, to 878.679.
Media General, up 9.1%
Beasley, up 4.9%
Salem, up 3.4%
SBS, down 9.1%
Cumulus, down 1.8%
Nexstar, down 1.6%