Broadcast Stocks Tank After Brexit Vote

By on Jun, 24 2016 with Comments 0

U.S. stocks tumbled Friday after the U.K. vote to leave the European Union left investors shocked. Radio and Television both followed suit with losses.

The RBR Radio Index fell 8.640, or 1.53%, to 554.892.

The TVBR Television Index fell 35.541, or 3.87%, to 881.804.

Winners
Beasley, up 7.0%
iHeart, up 7.0%
SBS, up 4.5%

Losers
Saga, down 8.6%
Fox, down 7.7%
Radio One, down 7.4%

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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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