More Mixed Messages From Media Stocks

By on Jan, 10 2017 with Comments 0

For the second straight trading session, U.S. financial markets had a split personality, as the Dow Jones Industrial Average slipped 31.85, to 19,855.53 and the Nasdaq Composite index grew 20 points, to 5,551.82.

Among the key decliners was Tribune Media, which slid $1.04, to $35.96.

Meanwhile, CBS Corp. dipped 79 cents, to $62.69, and pink sheeter iHeart was down just shy of five cents, to $1.12.

 

The RBR Radio Index rose 1.512, or 0.25%, to 604.523.
The TVBR Television Index fell 4.112, or 0.42%, to 966.683.

 

Gainers

Salem, up 3.2%

Emmis, up 2.4%

Entercom, up 1.3%

 

Decliners

iHeart, down 4.0%

Gray, down 3.6%

Tribune Media, down 2.8%

 

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Filed Under Broadcasting Stocks

About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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