Retail enthusiasm dampened by glum oil

By on Dec, 11 2014 with Comments 0

A nice increase in November sales figures for retailers helped boost the stock markets, but the optimism was blunted by another bad day for oil. Radio was happy to ride the retail coattails, but as a group, TVBR TV index stocks apparently lost their grip.

The RBR Radio Index rose 16.468, or 2.5%, to 688.941.

The TVBR Television Index fell 1.481, or 0.2%, to 862.720.

Winners
Cumulus, up 6.1%
iHeart, up 4.8%
Emmis, up 4.0%

Losers
Sinclair, down 1.8%
Nexstar, down 0.8%
Gray, down 0.6%

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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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