Stocks flat but radio hits a pothole
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.
Nexstar, up 0.1%
Emmis, down 5.3%
Beasley, down 4.4%
Cumulus, down 3.2%