Broadcasters beat a down market – 5/24/11

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Continued worries about Europe and economic growth countered a rise in commodity prices and the stock market ended the day on the down side. The Dow Jones Industrial Average was off 25 points, or 0.2%, at 12,356. Broadcasting stocks, however, managed to buck the down trend. Our indices weren’t up much, but they were up.


The RBR Radio Index was up 0.908, or 0.2%, to 375.197.

The TVBR Television Index was up 0.806, or 0.3%, to 253.856.

 

Winners
ACME, up 16.8%
Saga, up 4%
Beasley, up 3.5%

Losers
LIN, down 4%
Nexstar, down 3.3%
Entravision, down 3%