Radio loses ground while other stocks rise

By on Sep, 18 2014 with Comments 0

There was good news from the Fed, as far as traders were concerned, and that sent the stock market upward. But radio failed to follow suit. Television was down too, but just barely.

The RBR Radio Index fell 8.890, or 1.1%, to 778.446.

The TVBR Television Index fell 0.887, or 0.1%, to 781.762.

Winners
Radio One, up 1.0%
Cumulus, up 0.9%
Nexstar, up 0.8%

Losers
Beasley, down 5.3%
SBS, down 3.0%
Saga, down 2.3%

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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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