On the Street, if it isn’t one thing it’s another
Traders are said to be hunkering down in anticipation of the next round of corporate quarterly results reports, and that is said to have led to poor Monday results. But the television side of the broadcast sector managed to stay flat for the day.
The RBR Radio Index fell 16.449, or 2.5%, to 648.551.
The TVBR Television Index rose 0.027, or 0.0%, to 700.737.
Entercom, up 2.7%
Gray, up 1.5%
Nexstar, up 1.4%
Emmis, down 3.1%
Cumulus, down 2.3%
CBS, down 2.0%