Stocks Fall But Gain After Late Rally

By on May, 18 2016 with Comments 0

U.S. stocks fell Wednesday after a late day rally caused by the Federal Reserve’s meeting that suggested interest rates would rise. Radio was able to post a small gain, while Television posted a loss.

The RBR Radio Index rose 1.184, or 0.25%, to 474.880.

The TVBR Television Index fell 13.261, or 1.46%, to 895.941.

Winners
Salem, up 6.7%
Cumulus, up 1.7%
Entercom, up 0.7%

Losers
Radio One, down 3.5%
SBS, down 3.4%
CBS, down 2.2%

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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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