Jobs data lifts stocks – 03/04/10

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The Labor Department reported a decline in first time jobless claims, which lifted Wall Street expectations for Friday morning’s monthly employment report. Broadcasting stocks also got a boost from major retailers reporting increased sales. The Dow Jones Industrial Average rose 47 points, or 0.5%, to 10,444. The day’s big gainer among broadcasting stocks was Westwood One, shooting up nearly 42% in a late session surge. There was no news to account for the move.


The RBR Radio Index was up 18.785, or 8.3%, to 244.379.

The TVBR Television Index was up 4.038, or 2.7%, to 151.955.

Winners
Westwood One, up 41.7%
Saga, up 15.2%
ACME, up 14.3%

Losers
Nexstar, down 0.2%
Arbitron, down 0.2%
n/a

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$22.17

-$0.04

Beasley *

BBGI

$4.00

$0.35

CBS Cl. B

CBS

$14.22

$0.34

CBS Cl. A

CBSa

$14.31

$0.38

CC Media *

CCMO

$3.45

$0.20

Cumulus *

CMLS

$3.19

$0.13

Citadel

CTDB

$0.03

$0.00

Debut

DBTB

$0.06

$0.00

Disney

DIS

$32.57

$0.93

Emmis *

EMMS

$1.11

$0.03

Entercom *

ETM

$11.95

$0.29

Entravision

EVC

$3.22

$0.11

Fisher

FSCI

$15.12

$0.01

Google

GOOG

$554.59

$9.27

Journal

JRN

$3.96

-$0.09

Lincoln Natl.

LNC

$26.58

$0.31

Regent

RGCIQ

$0.12

$0.02

Radio One A

ROIA

$3.58

$0.09

Radio One D *

ROIAK

$3.28

$0.05

Salem *

SALM

$5.67

$0.19

SBS *

SBSA

$0.68

$0.03

Saga *

SGA

$17.26

$2.28

Sirius XM

SIRI

$0.93

-$0.02

Westwood*

WWON

$8.50

$2.50

 

 

 

 

* Component of the RBR Radio Index                          

 

© 2010 Radio Business Report, Inc. All rights reserved.

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$0.40

$0.05

Belo *

BLC

$7.07

$0.10

CBS Cl. B *

CBS

$14.22

$0.34

CBS Cl. A

CBSa

$14.31

$0.38

Disney

DIS

$32.57

$0.93

Entravision *

EVC

$3.22

$0.11

Fisher *

FSCI

$15.12

$0.01

Gannett

GCI

$16.07

$0.00

Gen. Elec.

GE

$16.11

$0.08

Google

GOOG

$554.59

$9.27

Gray *

GTN

$1.91

$0.00

Gray, Cl. A

GTNa

$2.21

$0.03

Journal

JRN

$3.96

-$0.09

Meredith

MDP

$32.58

$0.95

Media Gen.

MEG

$8.47

-$0.24

McGraw-Hill

MHP

$34.49

$0.20

News Corp.

NWS

$16.31

$0.18

Nexstar *

NXST

$4.57

-$0.01

Sinclair *

SBGI

$5.34

$0.08

SBS

SBSA

$0.68

$0.03

Saga

SGA

$17.26

$2.28

Scripps

SSP

$9.10

-$0.07

LIN TV *

TVL

$5.45

$0.08

Time Warner

TWX

$29.90

$0.29

Wash. Post

WPO

$437.18

$0.66

 

 

 

 

* Component of the TVBR Television Index

 

© 2010 Radio Business Report, Inc. All rights reserved.