Stocks Drop Lower

By on Aug, 26 2016 with Comments 0

U.S. stocks dropped again Friday after Federal Reserve Chairman Yellen says there is a strong case for raising short-term interest rates. Radio and Television both posted losses, as well.

The RBR Radio Index fell 2.978, or 0.46%, to 646.999.

The TVBR Television Index fell 5.177, or 0.57%, to 904.223.

Gainers
iHeart, up 2.9%
Cumulus, up 1.9%
Gray, up 0.5%

Decliners
Saga, down 2.4%
Radio One, down 2.4%
Nexstar, 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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