Barney Frank saves the day on Wall Street – 05/25/10

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You read that headline correctly. Stocks had traded sharply lower on Tuesday, with fears continuing about the economic problems in Europe. But comments by House Banking Committee Chairman Barney Frank (D-MA) that conferees may agree on a relatively mild financial regulation bill gave a boost to bank stocks, cut the losses for many other stocks and gave the market a mixed close. The Dow Jones Industrial Average finished down 23 points, or 0.2%, at 10,044. The S&P 500 was up a bit and the Nasdaq Composite down. Broadcasting stocks finished lower.


The RBR Radio Index was down 1.526, or 0.4%, at 387.120.

The TVBR Television Index was down 3.195, or 1.7%, at 188.696.

Winners
Westwood, up 17.3%
LIN, up 1%
Fisher, up 0.9%

Losers
Entravision, down 5.2%
Radio One, down 5%
Gray, down 4.6%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$29.21

-$0.07

Beasley *

BBGI

$6.05

-$0.24

CBS Cl. B

CBS

$13.89

-$0.07

CBS Cl. A

CBSa

$13.87

-$0.07

CC Media *

CCMO

$10.00

$0.00

Cumulus *

CMLS

$4.02

-$0.17

Citadel

CTDB

$0.03

$0.00

Debut

DBTB

$0.03

-$0.01

Disney

DIS

$32.32

-$0.16

Emmis *

EMMS

$2.14

-$0.02

Entercom *

ETM

$12.04

-$0.15

Entravision

EVC

$2.73

-$0.15

Fisher

FSCI

$15.19

$0.14

Google

GOOG

$477.07

-$0.09

Journal

JRN

$4.82

$0.03

Lincoln Natl.

LNC

$25.67

$0.69

Radio One A

ROIA

$3.85

-$0.12

Radio One D *

ROIAK

$3.80

-$0.20

Salem *

SALM

$4.01

-$0.03

SBS *

SBSA

$1.62

-$0.05

Saga *

SGA

$24.00

-$0.65

Sirius XM

SIRI

$0.99

-$0.02

Westwood*

WWON

$12.53

$1.85

 

 

 

 

* Component of the RBR Radio Index                          

 

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

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$0.69

$0.00

Belo *

BLC

$6.86

-$0.09

CBS Cl. B *

CBS

$13.89

-$0.07

CBS Cl. A

CBSa

$13.87

-$0.07

Disney

DIS

$32.32

-$0.16

Entravision *

EVC

$2.73

-$0.15

Fisher *

FSCI

$15.19

$0.14

Gannett

GCI

$14.70

$0.06

Gen. Elec.

GE

$15.95

-$0.06

Google

GOOG

$477.07

-$0.09

Gray *

GTN

$2.67

-$0.13

Gray, Cl. A

GTNa

$2.72

$0.00

Journal

JRN

$4.82

$0.03

Meredith

MDP

$33.54

$0.02

Media Gen.

MEG

$11.29

$0.02

McGraw-Hill

MHP

$27.99

-$0.29

News Corp.

NWS

$14.89

-$0.18

Nexstar *

NXST

$6.28

-$0.26

Sinclair *

SBGI

$6.10

-$0.08

SBS

SBSA

$1.62

-$0.05

Saga

SGA

$24.00

-$0.65

Scripps

SSP

$8.25

$0.10

LIN TV *

TVL

$6.06

$0.06

Time Warner

TWX

$29.79

$0.02

Wash. Post

WPO

$469.37

-$4.44

 

 

 

 

* Component of the TVBR Television Index

 

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