Fed chief Ben Bernanke gloomy comments about the economy on Tuesday kept a lid on stock buying on Wednesday as well. The Dow Jones Industrial Average dropped 22 points, or 0.2%, to 12,049. Broadcasting stocks joined in the retreat.
The RBR Radio Index was down 2.741, or 0.8%, to 340.005.
The TVBR Television Index was down 1.572, or 0.6%, to 247.687.
Beasley, up 3.9%%
Saga, up 2%
Sinclair, up 1%
SBS, down 4.5%
CC Media, down 4%
Gray, down 3.8%