A slight pullback brought bargain-hunters into the market on Thursday and sent stock prices right back up. The Dow Jones Industrial Average rose 30 points, or 0.2%, to 12,318. Broadcasting stocks also rose, led by Cumulus and Citadel. The latter is traded on the pink sheets, but its two classes of stock and one of warrants all rose by double-digit percentages.
The RBR Radio Index was up 13.070, or 3.4%, to 393.539.
The TVBR Television Index was up 1.714, or 0.7%, to 264.510 – another record high.
Winners
Cumulus, up 10.9%
Radio One, up 6.7%
Beasley, up 6%
Losers
Gray, down 5.1%
Fisher, down 0.2%
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