A good news is bad news day – 10/7/10

0

 


The government’s weekly report on new jobless claims came in better than expected. But that good news made traders worry that the Fed might back off on buying bonds to pump more money into the economy. So, stocks were mixed. The Dow Jones Industrial Average dipped 19 points, or 0.2%, to 10,949. The S&P 500 was also down, but the Nasdaq Composite up. Broadcasting stocks were also mixed.

 

 

The RBR Radio Index was up 2.605, or 1%, to 271.671.

The TVBR Television Index was down 0.683, or 0.4%, to 195.84.

Winners
Westwood, up 5.5%
Cumulus, up 4.6%
Saga, up 2.2%

Losers
Salem, down 3.1%
Fisher, down 2.2%
Emmis, down 1.8%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$29.08

$0.32

Beasley *

BBGI

$5.23

$0.00

CBS Cl. B

CBS

$16.98

-$0.12

CBS Cl. A

CBSa

$17.00

-$0.12

CC Media *

CCMO

$7.10

$0.00

Cumulus *

CMLS

$2.96

$0.13

Debut

DBTB

$0.03

-$0.02

Disney

DIS

$33.91

$0.19

Emmis *

EMMS

$0.81

-$0.02

Entercom *

ETM

$8.04

$0.08

Entravision

EVC

$2.08

-$0.03

Fisher

FSCI

$17.89

-$0.41

Google

GOOG

$530.01

-$4.34

Journal

JRN

$4.66

$0.09

Lincoln Natl.

LNC

$24.41

-$0.32

Radio One A

ROIA

$0.96

-$0.02

Radio One D *

ROIAK

$0.90

$0.01

Salem *

SALM

$2.86

-$0.09

SBS *

SBSA

$0.84

$0.00

Saga *

SGA

$20.30

$0.43

Sirius XM

SIRI

$1.29

$0.02

Westwood*

WWON

$10.12

$0.53

 

 

 

 

* 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

$0.00

Belo *

BLC

$6.27

$0.09

CBS Cl. B *

CBS

$16.98

-$0.12

CBS Cl. A

CBSa

$17.00

-$0.12

Disney

DIS

$33.91

$0.19

Entravision *

EVC

$2.08

-$0.03

Fisher *

FSCI

$17.89

-$0.41

Gannett

GCI

$12.59

$0.14

Gen. Elec.

GE

$17.05

$0.15

Google

GOOG

$530.01

-$4.34

Gray *

GTN

$1.99

$0.00

Gray, Cl. A

GTNa

$1.86

-$0.12

Journal

JRN

$4.66

$0.09

Meredith

MDP

$33.32

$0.23

Media Gen.

MEG

$8.52

-$0.13

McGraw-Hill

MHP

$33.79

$0.16

News Corp.

NWS

$15.61

$0.05

Nexstar *

NXST

$5.71

$0.01

Sinclair *

SBGI

$7.54

$0.10

SBS

SBSA

$0.84

$0.00

Saga

SGA

$20.30

$0.43

Scripps

SSP

$7.75

-$0.18

LIN TV *

TVL

$4.40

-$0.07

Time Warner

TWX

$30.79

$0.34

Wash. Post

WPO

$402.44

-$0.80

 

 

 

 

* Component of the TVBR Television Index

 

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