Wall Street watching, waiting

By on Sep, 2 2014 with Comments 0

A bit of a downturn had Wall Street in its grip, and speculation has it that traders are sitting tight until a few key economic reports are released. Broadcasters ended the day just about where they started, with radio slightly down and TV slightly up. But Radio One soared, in comparison.

The RBR Radio Index fell 3.545, or 0.5%, to 789.648.

The TVBR Television Index rose 2.040, or 0.3%, to 813.915.

Winners
Radio One, up 7.3%
Nexstar, up 1.3%
Gray, up 1.2%

Losers
Salem, down 4.0%
Cumulus, down 3.3%
Emmis, down 2.3%

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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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