Stocks flat but radio hits a pothole

By on Sep, 21 2014 with Comments 0

Action on Wall Street leveled out on Friday after good news from the Fed gave traders happy feet for a few days. But once again, broadcasters didn’t seem to get the flat memo, and took a bit of a dive, especially on the radio side. Let’s put it this way – if you were flat, you had a good day, and not many were flat.

The RBR Radio Index fell 18.850, or 2.4%, to 759.596.

The TVBR Television Index fell 4.952, or 0.5%, to 776.810.

Winners
Nexstar, up 0.1%

Losers
Emmis, down 5.3%
Beasley, down 4.4%
Cumulus, down 3.2%

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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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