Stocks close mildly lower amid budget-deal hopes


Stocks ended lower for a fourth session Thursday as Wall Street fumed over the still-unresolved fiscal cliff. However, the indexes erased the bulk of steep losses after word the House would convene Sunday night to reach a deal to break the budget impasse before the end of the year. After a 150-point fall, the Dow closed at 13,096.31, down 18.28 points, or 0.1%.

The RBR Radio Index was down .180, or 0%, to 421.932.

The TVBR Television Index was down 5.217, or 1.7%, to 308.064.

Radio One, up 6.8%
Emmis, up 1.8%
SBS, up 0.3%

ACME, down 9.4%
Cumulus, down 3.0%
CC Media, down 2.9%