Reassurance from the Fed and retailers – 12/14/10

0

The Fed announced that the recovery is still going slowly and it will continue on its current course to try to spur activity. That was well received by Wall Street, as was word that retail sales for November were better than expected. The Dow Jones Industrial Average rose 48 points, or 0.4%, to 11,477. Broadcasting stocks also gained.


The RBR Radio Index was up 3.224, or 1.1%, to 303.202.

The TVBR Television Index was up 1.336, or 0.6%, to 213.758.

 

Winners
CC Media, up 10%
Cumulus, up 3.8%
Arbitron, up 3.7%

Losers
ACME, down 5%
Saga, down 3.8%
Emmis, down 2.2%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$39.56

$1.40

Beasley *

BBGI

$4.71

$0.00

CBS Cl. B

CBS

$17.89

$0.09

CBS Cl. A

CBSa

$17.88

$0.07

CC Media *

CCMO

$11.00

$1.00

Cumulus *

CMLS

$3.58

$0.13

Debut

DBTB

$0.04

$0.02

Disney

DIS

$37.24

$0.11

Emmis *

EMMS

$0.49

-$0.01

Entercom *

ETM

$9.50

-$0.18

Entravision

EVC

$2.48

-$0.01

Fisher

FSCI

$21.52

$0.55

Google

GOOG

$594.91

$0.29

Journal

JRN

$4.85

$0.10

Lincoln Natl.

LNC

$28.00

$0.29

Radio One A

ROIA

$1.05

$0.00

Radio One D *

ROIAK

$1.07

$0.02

Salem *

SALM

$3.09

-$0.02

SBS *

SBSA

$0.76

-$0.01

Saga *

SGA

$24.75

-$0.96

Sirius XM

SIRI

$1.39

$0.01

Westwood*

WWON

$9.39

$0.24

 

 

 

 

* Component of the RBR Radio Index                          

 

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

<td style="padding-right: 5.4

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$0.95

-$0.05

Belo *

BLC

$6.78

-$0.01

CBS Cl. B *

CBS

$17.89

$0.09

CBS Cl. A

CBSa

$17.88

$0.07

Disney

DIS

$37.24

$0.11

Entravision *

EVC

$2.48

-$0.01

Fisher *

FSCI

$21.52

$0.55

Gannett

GCI

$15.43

-$0.12

Gen. Elec.

GE

$17.69

$0.07

Google

GOOG

$594.91

$0.29

Gray *

GTN

$1.98

$0.03

Gray, Cl. A

GTNa

$1.79

-$0.02

Journal

JRN

$4.85

$0.10

Meredith

MDP

$35.43

$0.18

Media Gen.

MEG

$5.67

-$0.18

McGraw-Hill

MHP

$36.21

$0.05

News Corp.

NWS

$16.17

-$0.01

Nexstar *

NXST

$5.99

$0.14

Sinclair *

SBGI

$8.36

$0.17

SBS

SBSA

$0.76

-$0.01

Saga

SGA

$24.75

-$0.96

Scripps

SSP

$9.97

$0.02

LIN TV *

TVL

$5.04

$0.10

Time Warner

TWX

$31.47

-$0.16

Wash. Post

WPO

$426.60

$10.49