A Strong Finish To 2016 For Media Stocks

By on Dec, 30 2016 with Comments 0

The Dow and Nasdaq were down, but radio and television stocks were up on Friday to end the year on a strong note. Townsquare Media climbed 24 cents, to $10.41, while Salem Media Group rose 10 cents, to $6.25.

Beasley Broadcast Group rebounded from Thursday’s dip with a 35-cent gain, to $6.20. On the down side were CBS, off 88 cents, to $63.62, and Radio One, which dipped 10 cents, to $2.90.

 

The RBR Radio Index rose 6.250, or 1.06%, to 595.886.
The TVBR Television Index rose 1.858, or 0.19%, to 984.865.

 

Gainers

Emmis, up 5.9%

Beasley, up 5.1%

Entravision, up 3.7%

 

Decliners

Radio One, down 3.3%

CBS, down 1.4%

Saga, down 1.2%

 

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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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