Broadcast stocks buck a down market – 1/13/11


Wall Street was disappointed by a Labor Department report that new claims for unemployment benefits rose last week. The Dow Jones Industrial Average was off 24 points, or 0.2%, at 11,732. Broadcasting stocks, however, had an up day, with continued excitement about possible station sales by Emmis.

The RBR Radio Index was up 8.379, or 2.3%, to 371.325.

The TVBR Television Index was up 2.078, or 0.9%, to 222.664.



SBS, up 14%
Emmis, up 13.1%
ACME, up 10.3%

CC Media, down 8.5%
Sinclair, down 2.1%
Nexstar, down 2%