Economic benchmarks were coming in strong recently, and of course, on Wall Street that’s a bad thing – could inspire to Fed to raise interest rates. But broadcasters we follow generally did very well.
The RBR Radio Index rose 4.572, or 0.6%, to 733.216.
The TVBR Television Index rose 11.475, or 1.2%, to 981.800.
CBS, up 3.3%
Entercom, up 3.1%
iHeart, up 2.9%
Emmis, down 5.5%
Salem, down 0.2%