Stocks Fall But Gain After Late Rally
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.
Salem, up 6.7%
Cumulus, up 1.7%
Entercom, up 0.7%
Radio One, down 3.5%
SBS, down 3.4%
CBS, down 2.2%