Broadcast Stocks Slip on Sluggish Trading Day

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The Wall Street headline-writing platoon was all over words that suggested little movement in stock pricing Wednesday, but there was no doubt which way broadcasters went – down. But not too far. The two radio giants, iHeart and Cumulus, managed to buck the trend.


The RBR Radio Index fell 4.625, or 0.6%, to 722.418.

The TVBR Television Index fell 2.879, or 0.3%, to 919.021.

Winners
iHeart, up 3.0%
Cumulus, up 1.7%
Fox, up 1.0%

Losers
Saga, down 3.9%
SBS, down 2.1%
Salem, down 1.9%

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