U.S. financial markets were relatively tame on Friday, ahead of the Presidents’ Day holiday weekend. But, Spanish Broadcasting System’s slide continued, with SBSAA shares tumbling 11 cents, to $1.09.
Since Spanish Broadcasting System was de-listed from Nasdaq one month ago and shifted to an Over-The-Counter exchange, “SBSAA” shares plummeted from $1.91 to $1.08, rebounded to $1.80, and slid again throughout the week ending Feb. 17.
Also suffering a dip on Friday was iHeartMedia, which fell 5 cents, to $1.10. Cumulus Media was unchanged, at $1.04 a share.
Key gainers include Entercom, which climbed 50 cents, to $15.50, and major advertiser McDonald’s Corp. improved $1.10, to $127.80.
The RBR Radio Index fell 3.526, or 0.61%, to 573.700.
The TVBR Television Index rose 1.099, or 0.11%, to 1005.583.
Gainers
Radio One, up 3.7%
Entercom, up 3.3%
Beasely, up 2.1%
Decliners
SBS, down 9.2%
iHeart, down 4.3%
Emmis, down 0.7%
