Broadcast stocks follow the herd into red ink – 4/18/11


Standard & Poors is not very confident that US debt is a worthwhile purchase at the moment, and that negative attitude translated to more of the same among traders on Wall Street. Only one broadcast stock, that of ACME, showed any kind of noticeable gain. This time, breaking even was “winning.”

The RBR Radio Index fell 8.840, or 2.2%, to 387.186. The TVBR Television Index fell 2.771, or 1.1%, to 255.930.



ACME, up 3.8%
Emmis, up 0.0%
Saga, flat 0.0%

SBS, down 11.1%
Westwood One, down 5.6%
Gray, down 3.5%