Stocks surge as August begins – 8/2/10

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Better-than-expected earnings reports from some European banks and a report from the Institute for Supply Management that its manufacturing index for July came in ahead of expectations sparked rejoicing on Wall Street. Stock prices shot up, with the Dow Jones Industrial Average up 208 points, or 2%, to 10,674. Broadcasting stocks, however, were mixed.


The RBR Radio Index was down 2.239, or 0.8%, to 288.688.

The TVBR Television Index was up 5.602, or 2.9%, to 199.336.

Winners
ACME, up 10%
Entravision, up 7.9%
Salem, up 7.3%

Losers
Radio One, down 12.7%
Emmis, down 10.7%
CC Media, down 3.9%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$29.59

$0.69

Beasley *

BBGI

$5.50

-$0.07

CBS Cl. B

CBS

$15.30

$0.52

CBS Cl. A

CBSa

$15.27

$0.23

CC Media *

CCMO

$6.25

-$0.25

Cumulus *

CMLS

$3.12

$0.09

Debut

DBTB

$0.05

$0.00

Disney

DIS

$34.48

$0.79

Emmis *

EMMS

$1.75

-$0.21

Entercom *

ETM

$8.69

$0.31

Entravision

EVC

$2.33

$0.17

Fisher

FSCI

$17.70

$0.00

Google

GOOG

$490.41

$5.56

Journal

JRN

$4.87

$0.11

Lincoln Natl.

LNC

$26.46

$0.42

Radio One A

ROIA

$1.19

$0.00

Radio One D *

ROIAK

$0.96

-$0.14

Salem *

SALM

$3.66

$0.25

SBS *

SBSA

$1.16

$0.03

Saga *

SGA

$22.63

$0.23

Sirius XM

SIRI

$1.05

$0.02

Westwood*

WWON

$7.00

$0.00

 

 

 

 

* Component of the RBR Radio Index                          

 

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

Television Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

ACME *

ACME.PK

$1.10

$0.10

Belo *

BLC

$6.27

$0.22

CBS Cl. B *

CBS

$15.30

$0.52

CBS Cl. A

CBSa

$15.27

$0.23

Disney

DIS

$34.48

$0.79

Entravision *

EVC

$2.33

$0.17

Fisher *

FSCI

$17.70

$0.00

Gannett

GCI

$13.69

$0.51

Gen. Elec.

GE

$16.41

$0.29

Google

GOOG

$490.41

$5.56

Gray *

GTN

$2.61

$0.01

Gray, Cl. A

GTNa

$2.60

$0.12

Journal

JRN

$4.87

$0.11

Meredith

MDP

$33.64

$1.89

Media Gen.

MEG

$10.71

$0.38

McGraw-Hill

MHP

$31.21

$0.52

News Corp.

NWS

$15.37

$0.58

Nexstar *

NXST

$5.60

$0.20

Sinclair *

SBGI

$6.06

$0.02

SBS

SBSA

$1.16

$0.03

Saga

SGA

$22.63

$0.23

Scripps

SSP

$8.11

$0.25

LIN TV *

TVL

$5.65

-$0.20

Time Warner

TWX

$32.53

$1.07

Wash. Post

WPO

$433.89

$13.40

 

 

 

 

* Component of the TVBR Television Index

 

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