Merry Trading For Media Stocks

By on Dec, 26 2016 with Comments 0

On the last trading day before Christmas, activity on Wall Street was light, but positive, for radio and television companies as the Dow Jones Industrials Average improved 14.93, to 19,933.81. The NASDAQ Composite index was up 15.27, to 5,462.69. Among the key gainers was Townsquare Media, rising 1.3%, to $10.42. Also up were Sinclair Broadcast Group (+2.9%, $34.20) and Hemisphere Media Group, owner of WAPA América (+2.3%, $11.30). Cumulus Media gained a penny, to return to $1, while iHeart also gained a penny, climbing to $1.21.

 

The RBR Radio Index rose 7.514, or 1.25%, to 608.074.

The TVBR Television Index rose 10.668, or 1.09%, to 987.088.

 

Gainers

Emmis, up 3.8%

Sinclair, up 2.9%

Gray, up 2.3%

 

Decliners

Fox, down 0.2%

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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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