Nervous traders sold stocks on Monday – 5/16/11


Worries about the strength of the economic recovery, highlighted by a report on manufacturing by the Federal Reserve Bank of New York, sent stock lower on Monday. The Dow Jones Industrial Average was down 47 points, or 0.4%, to 12,548. Broadcasting stocks were not spared.

The RBR Radio Index was down 2.881, or 0.8%, to 380.645.

The TVBR Television Index was down 7.884, or 3%, to 257.491.


Saga, up 6.5%
Westwood, up 1%
Radio One, up 0.7%

Nexstar, down 7%
Emmis, down 5.6%
Beasley, down 5.4%