The Wall Street scribes say investors were waiting for some upcoming reports and wanted stimulus for Europe which failed to materialize. The result – a bad day for broadcast stocks, except for a select few.
The RBR Radio Index fell 7.271, or 1.0%, to 692.556.
The TVBR Television Index fell 5.607, or 0.6%, to 874.324.
Winners
Beasley, up 3.2%
Fox, up 1.1%
LIN TV, up 0.04%
Losers
Radio One, down 5.0%
Sinclair, down 3.8%
Saga, down 2.9%
