Stocks up on Fed whisperer tea-leaf readings

By on Sep, 16 2014 with Comments 0

Apparently publicly-traded broadcast companies didn’t get the memo that the Fed is likely to leave the current interest structure intact. Most of Wall Street celebrated this, but both radio and TV ended the day just a smidge lower than where they started it.

The RBR Radio Index fell 0.374, or 0.1%, to 778.317.

The TVBR Television Index fell 1.980, or 0.3%, to 781.307.

Winners
CC Media, up 3.1%
SBS, up 1.3%
Entravision, up 1.2%

Losers
Cumulus, down 3.2%
Emmis, down 1.6%
Sinclair, down 1.4%

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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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