Domestic good news outweighs Europe – 12/15/11


Wall Street continues to worry about the Euro zone, but a drop in new jobless claims and a strong earnings report from FedEx sent stock prices higher on Thursday. The Dow Jones Industrial Average rose 45 points, or 0.4%, to 11,869. Broadcasting stocks were again mixed.

The RBR Radio Index was down 1.374, or 0.5%, to 295.989.

The TVBR Television Index was up 0.363, or 0.2%, to 232.980.


LIN, up 4.8%
CC Media, up 2.4%
Beasley, up 2.4%

Emmis, down 6%
Radio One, down 4.7%
ACME, down 1.4%