Stocks trimmed earlier losses by more than half Monday afternoon, amid hopes that Greece may avoid a default. But the uncertainty over the debt-laden nation’s future still ended the market’s five-day winning streak. The Dow Jones industrial average ended 108 points lower, or 0.9%. Broadcast stocks were down, too.
The RBR Radio Index was down 4.378, or 1.6%, to 272.135.
The TVBR Television Index was down 3.698, or 1.2%, to 200.912.
Winners
Emmis, up 12.1%
Cumulus, up 7.3%
CBS, up 1.0%
Losers
Westwood One, down 11.3%
Radio One, down 7.5%
SBS, down 5.1%
