Radio loses ground while other stocks rise
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.
Radio One, up 1.0%
Cumulus, up 0.9%
Nexstar, up 0.8%
Beasley, down 5.3%
SBS, down 3.0%
Saga, down 2.3%