Broadcasters again beat a mixed stock market – 1/24/12


Talks to resolve the Greek financial crisis hit a snag and corporate earnings reports were mixed, so Wall Street traders were wary on Tuesday. The Dow Jones Industrial Average ended the session down 33 points, or 0.3%, at 12,676. The S&P 500 also dropped, but the Nasdaq Composite closed in positive territory. Broadcasting stocks, however, were mostly higher.

The RBR Radio Index was up 17.709, or 4.9%, to 381.210.

The TVBR Television Index was up 4.862, or 1.9%, to 254.908.

SBS, up 33.1%
Radio One, up 14.6%
Emmis, up 9.6%

Dial Global, down 5.9%
Cumulus, down 3.6%
Salem, down 1%