Wall Street feeds off Fed minutes

By on Oct, 8 2014 with Comments 0

The September meeting of the Federal Reserve Board produced no signs of any appreciable change in policy, and that in turn appreciably changed the enthusiasm for trading on The Street, leading to a late surge. Broadcasters joined in on the fun for the most part, especially on the TV side. Radio One stood alone in a pool of red ink.

The RBR Radio Index rose 4.116, or 0.6%, to 699.947.

The TVBR Television Index rose 11.095, or 1.5%, to 742.404.

Winners
SBS, up 6.2%
Entravision, up 3.7%
Cumulus, up 2.9%

Losers
Cumulus, down 7.3%

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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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