The word on Wall Street: Look out below – 10/17/11


The situation in Europe caused gloom to spread to this side of the Atlantic, all thanks to Germany, according to reports. And broadcast stocks mostly went along for the distasteful ride. How bad was it? Saga was one of the winners with a gain of just 0.1%.

The RBR Radio Index fell 7.293, or 2.6%, to 268.857.

The TVBR Television Index fell 10.204, or 4.5%, to 217.685.




SBS, up 4.2%
Emmis, up 2.7%
Saga, up 0.1%

Entravision, down 13.7%
Westwood One, down 13.3%
Entercom, down 10%