Tech companies were doing something old-fashioned
It was regarding money, and what they were doing was earning it (you remember those old commercials, right?) and Wall Street was very very happy about that. But did it translate to broadcast stocks? Yes, indeed it did! Only one unlucky company tripped on the red ink well.
The RBR Radio Index rose 18.876, or 2.6%, to 739.658.
The TVBR Television Index rose 15.746, or 2.0%, to 787.221.
Radio One, up 5.0%
Sinclair, up 3.8%
Nexstar, up 3.4%
Emmis, down 2.8%