Oil woes continue, but broadcast stocks mixed

By on Dec, 15 2014 with Comments 0

Once again, petro prices went down and dragged the markets with them, but television stocks were able to shrug off the oily sea anchor and register a nice gain. But radio suffered along with most of the market.

The RBR Radio Index fell 10.412, or 1.5%, to 678.536.

The TVBR Television Index rose 6.214, or 0.7%, to 867.207.

Winners
Media General, up 5.7%
LIN TV, up 2.8%
Gray, up 1.7%

Losers
Saga, down 2.5%
Beasley, down 2.3%
SBS, down 2.2%

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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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