Jobs report sent stocks lower on Friday – 06/04/10

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The US Labor Department reported that 431,000 jobs were created in May, well below the expectations of private economists. Not only that, 411,000 of those new jobs were from hiring by the US Census, so the non-Census job creation was a dismal 20,000 new positions. Private economists had expected better numbers, so the report sent stock prices skidding. When the closing bell sounded Friday, the Dow Jones Industrial Average was down 323 points, or 3.2%, at 9,932. Nearly all broadcasting stocks were lower.


The RBR Radio Index was down 7.598, or 1.9%, to 398.392.

The TVBR Television Index was down 8.706, or 4.3%, to 195.473.

Winners
Westwood, up 5.5%
Beasley, up 3.7%
Entravision, up 0.7%

Losers
SBS, down 10.6%
Sinclair, down 8.7%
Belo, down 6.8%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$29.82

-$1.33

Beasley *

BBGI

$5.56

$0.20

CBS Cl. B

CBS

$13.93

-$0.83

CBS Cl. A

CBSa

$13.95

-$0.82

CC Media *

CCMO

$11.50

$0.00

Cumulus *

CMLS

$4.05

-$0.13

Citadel

CTDB

$0.01

$0.00

Debut

DBTB

$0.03

$0.00

Disney

DIS

$33.69

-$1.02

Emmis *

EMMS

$2.29

$0.01

Entercom *

ETM

$11.85

-$0.75

Entravision

EVC

$2.72

$0.02

Fisher

FSCI

$16.15

-$0.60

Google

GOOG

$498.72

-$6.88

Journal

JRN

$4.47

-$0.34

Lincoln Natl.

LNC

$25.31

-$1.97

Radio One A

ROIA

$3.82

-$0.10

Radio One D *

ROIAK

$3.86

-$0.04

Salem *

SALM

$4.01

-$0.16

SBS *

SBSA

$1.60

-$0.19

Saga *

SGA

$27.50

-$0.40

Sirius XM

SIRI

$0.98

-$0.03

Westwood*

WWON

$12.11

$0.63

 

 

 

 

* Component of the RBR Radio Index                          

 

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

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$0.90

$0.00

Belo *

BLC

$6.71

-$0.49

CBS Cl. B *

CBS

$13.93

-$0.83

CBS Cl. A

CBSa

$13.95

-$0.82

Disney

DIS

$33.69

-$1.02

Entravision *

EVC

$2.72

$0.02

Fisher *

FSCI

$16.15

-$0.60

Gannett

GCI

$13.73

-$1.12

Gen. Elec.

GE

$15.71

-$0.74

Google

GOOG

$498.72

-$6.88

Gray *

GTN

$2.84

-$0.17

Gray, Cl. A

GTNa

$2.90

$0.00

Journal

JRN

$4.47

-$0.34

Meredith

MDP

$33.60

-$1.00

Media Gen.

MEG

$10.52

-$1.00

McGraw-Hill

MHP

$27.34

-$0.67

News Corp.

NWS

$14.76

-$0.61

Nexstar *

NXST

$5.60

-$0.30

Sinclair *

SBGI

$6.00

-$0.57

SBS

SBSA

$1.60

-$0.19

Saga

SGA

$27.50

-$0.40

Scripps

SSP

$7.98

-$0.40

LIN TV *

TVL

$6.25

-$0.24

Time Warner

TWX

$30.46

-$0.84

Wash. Post

WPO

$449.63

-$14.80

 

 

 

 

* Component of the TVBR Television Index

 

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