Stocks pass then slip from benchmark

By on Aug, 25 2014 with Comments 0

The magical properties of a 2000 S&P 500 rating came and went Monday, but by the close of business the number had slipped into three-digit territory, according to USA Today, ending slightly up. Broadcast issues were also slightly up on average, although the bulk of the gains came courtesy of Clear Channel, in a class by itself with a 6% gain.

The RBR Radio Index rose 2.317, or 0.3%, to 792.364.

The TVBR Television Index fell 3.154, or 0.4%, to 823.023.

Winners
CC Media, up 6.0%
Gray, up 1.0%
Beasley, up 1.0%

Losers
Cumulus, down -3.0%
Nexstar, down -1.7%
LIN TV, down -1.3%

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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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