The news was good for the television stocks we follow when the market closed Friday – as a group they managed to buck the trend and enjoy a small gain in value. But radio followed the market as a whole into negative territory.
The RBR Radio Index fell 4.422, or 0.6%, to 754.202.
The TVBR Television Index rose 3.110, or 0.3%, to 980.493.
Winners
Entravision, up 5.9%
Cumulus, up 2.2%
Media General, up 1.7%
Losers
Entercom, down 4.7%
Emmis, down 2.7%
Salem, down 2.3%
