September begins with stock price rise – 9/1/10

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The Institute for Supply Management surprised Wall Street with a report that manufacturing activity in the US rose in August. Another report said that manufacturing is also up in China, a major importer of materials from the US. That good news sent stock prices higher on Wednesday, the first day of September. The Dow Jones Industrial Average rose 255 points, or 2.5%, to 10,269. Broadcasting stocks joined in the rally.


The RBR Radio Index was up 6.966, or 3%, to 238.790.

The TVBR Television Index was up 7.631, or 4.7%, to 170.860.

Winners
Cumulus, up 8.1%
Entercom, up 7.6%
Gray, up 7.6%

Losers
CC Media, down 7.7%
Salem, down 5.9%
ACME, down 0.9%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$26.48

$1.04

Beasley *

BBGI

$3.60

$0.04

CBS Cl. B

CBS

$14.59

$0.77

CBS Cl. A

CBSa

$14.46

$0.63

CC Media *

CCMO

$6.00

-$0.50

Cumulus *

CMLS

$2.28

$0.17

Debut

DBTB

$0.05

$0.00

Disney

DIS

$33.51

$0.97

Emmis *

EMMS

$1.54

$0.00

Entercom *

ETM

$5.92

$0.42

Entravision

EVC

$1.64

$0.08

Fisher

FSCI

$17.55

$0.87

Google

GOOG

$460.34

$10.32

Journal

JRN

$4.20

$0.24

Lincoln Natl.

LNC

$24.72

$1.35

Radio One A

ROIA

$0.74

$0.00

Radio One D *

ROIAK

$0.70

$0.04

Salem *

SALM

$2.59

-$0.11

SBS *

SBSA

$0.95

$0.02

Saga *

SGA

$18.61

$1.11

Sirius XM

SIRI

$0.99

$0.03

Westwood*

WWON

$7.93

$0.09

 

 

 

 

* Component of the RBR Radio Index                          

 

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

 

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$1.05

-$0.01

Belo *

BLC

$5.49

$0.26

CBS Cl. B *

CBS

$14.59

$0.77

CBS Cl. A

CBSa

$14.46

$0.63

Disney

DIS

$33.51

$0.97

Entravision *

EVC

$1.64

$0.08

Fisher *

FSCI

$17.55

$0.87

Gannett

GCI

$12.76

$0.67

Gen. Elec.

GE

$15.01

$0.53

Google

GOOG

$460.34

$10.32

Gray *

GTN

$1.99

$0.14

Gray, Cl. A

GTNa

$1.90

$0.10

Journal

JRN

$4.20

$0.24

Meredith

MDP

$30.41

$1.15

Media Gen.

MEG

$7.93

$0.24

McGraw-Hill

MHP

$28.50

$0.85

News Corp.

NWS

$14.69

$0.60

Nexstar *

NXST

$3.92

$0.17

Sinclair *

SBGI

$6.28

$0.30

SBS

SBSA

$0.95

$0.02

Saga

SGA

$18.61

$1.11

Scripps

SSP

$7.38

$0.57

LIN TV *

TVL

$4.20

$0.21

Time Warner

TWX

$30.76

$0.78

Wash. Post

WPO

$376.24

$16.01

 

 

 

 

* Component of the TVBR Television Index

 

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