The good news – Greece may get a bailout and it made stock buyers less antsy, and broadcasters capitalized with modest gains. The bad news – Emmis wasn’t one of them. It lost but a penny, but that was enough to drop its value below the $1 threshold. But Radio One had a fabulous day.
The RBR Radio Index rose 2.720, or 0.4%, to 724.726.
The TVBR Television Index rose 2.308, or 0.2%, to 966.266.
Radio One, up 8.8%
Tribune, up 2.3%
Sinclair, up 1.5%
iHeart, down 2.8%
SBS, down 2.1%
Emmis, down 1.0%