Broadcasters beat a down Friday – 6/24/11

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Stocks fell Friday as traders once again worried about the debt situation in Europe. The Dow Jones Industrial Average was down 115 points, or 1%, to 11,935. Broadcasting stocks, however, managed to buck the day’s trend.


The RBR Radio Index was up 12.446, or 3.6%, to 354.391.

The TVBR Television Index was up 2.027, or 0.8%, to 264.584.

 

 

Winners
Salem, up 24.4%
Westwood, up 10.7%
Beasley, up 9.9%

Losers
SBS, down 6.7%
LIN, down 3.1%
Radio One, down 3.1%