Soft Landing For Solid Week

By on Nov, 18 2016 with Comments 0

Media stocks saw mixed trading on a down day for investors Friday, as radio companies fueled the gains on Wall Street.

SBS gained 60 cents to $3.75 on word that it is using an FM translator to improve its coverage of the Chicago market.

Cumulus Media was up 3 1/3 cents, to $1.41, while Emmis gained 2 cents, to $3.42.

Decliners include Viacom, off 70 cents to $42.05.

 

The RBR Radio Index rose 23.612, or 3.99%, to 614.700.
The TVBR Television Index rose 0.335, or 0.04%, to 946.436.

 

Gainers

SBS, up 16.0%

iHeart, up 4.9%

Salem, up 4.2%

 

Decliners

Tribune, down 1.7%

CBS, down 0.1%

Media General, down 0.1%

 

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Filed Under Broadcasting Stocks

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