A Good Day For Radio’s Top Two Players


Cumulus Media and iHeartMedia each saw all-important climbs in their respective stock values on Wednesday, as the Dow Jones Industrial Average dipped 21.03, to 20,975.09, and the Nasdaq Composite slipped 0.27 points, to 6,025.23.

Cumulus shares bounced back by 21.7%, to 28 cents, while iHeart shares rose 10.7%, to $2.27.

Other climbers in the media world include Sinclair Broadcast Group, up 2.7%, to $40.35, and Gray Television saw its stock increase by 2.6%, to $15.02.

For a complete look at today’s media stocks, please visit the homepage of RBR.com and visit our Wall Street Report.