Beasley, CBS Swim Against Red Tide


U.S. financial markets finished with a thud on Wednesday, as the Dow Jones Industrial Average dipped 41.09, to 20,648.15. The Nasdaq Composite was off 34.13, to 5,864.48.

While most media stocks receded, Beasley Broadcast Group was up 20 cents, to $12. Also up was CBS Corp., which gained 31 cents, to $69.51.

Other key movers include Cumulus Media, which hit a new low thanks to a 3-cent dip, to $0.29.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.