Stock traders weren’t thrilled with earnings reports from IBM and Intel, so stock prices fell on Wednesday. The folks at Dow Jones Indexes tell us that seven of the 30 component stocks rose, 22 fell, one was unchanged, as the Dow Jones Industrial Average fell 83 points, or 0.6%, to 13,033. Broadcasting stocks moved with the market – in other words, down.
The RBR Radio Index was down 0.610, or 0.2%, to 396.435.
The TVBR Television Index was down 2.781, or 1.1%, to 241.801.
CC Media, up 5.3%
Radio One, up 2%
Emmis, up 1.8%
Entravision, down 5%
Beasley, down 3.5%
Saga, down 2.5%