TV stocks benefit from China syndrome

By on Nov, 23 2014 with Comments 0

No, there wasn’t a nuclear meltdown – China’s central bank lowered interest rates and the US markets approved. Television stocks rode the wave, while radio issues were just on the plus side of even on average.

The RBR Radio Index rose 1.368, or 0.2%, to 714.993.

The TVBR Television Index rose 13.662, or 1.7%, to 840.825.

Winners
iHeart, up 5.5%
Nexstar, up 4.5%
Sinclair, up 3.1%

Losers
SBS, down 4.1%
Salem, down 3.3%
Beasley, down 2.4%

Stocks-112114A

 

 

 

 

 

 

 

 

 

 

 

Stocks-112114B

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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