Stocks down with Wall Street on autopilot

By on Oct, 6 2014 with Comments 0

On a generally quiet news day, MarketWatch suggested that much of the trading was computer generated, and if it indicated anything, it was that a lot of stocks are priced a little too high. If that’s true, a good number of broadcast stocks got closer to their true home on Monday.

The RBR Radio Index fell 8.978, or 1.3%, to 699.989.

The TVBR Television Index fell 2.496, or 0.3%, to 742.685.

Winners
Entravision, up 4.8%
Entercom, up 1.0%
Beasley, up 0.2%

Losers
SBS, down 5.3%
Gray, down 3.5%
Cumulus, down 2.4%

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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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