Stocks up on promise of US economy
The aggregate comment of Street headline writers is that the stock market is growing confident about prospects for the US economy, despite misgivings about other places like Europe. Broadcast stocks benefitted from the feel-good vibe.
The RBR Radio Index rose 8.208, or 1.2%, to 713.625.
The TVBR Television Index rose 7.445, or 0.9%, to 827.163.
SBS, up 6.1%
Entercom, up 3.7%
iHeart Media, up 2.8%
Beasley, down 2.1%
Emmis, down 1.5%
Saga, down 1.4%