Broadcasting stocks beat the market on Thursday – 3/31/11


Stock prices didn’t move much on the last day of Q1, with traders awaiting a major jobs report due out on Friday, so the market closed mixed. The Dow Jones Industrial Average was down 31 points, or 0.3%, to 12,320. The Nasdaq Composite was up and the S&P 500 down. But broadcasting stocks had an up day.

The RBR Radio Index was up 10.959, or 2.8%, to 400.989.

The TVBR Television Index was up 0.924, or 0.3%, to 284.807 – a 5th straight all-time high.



Westwood, up 16%
CC Media, up 10.3%
ACME, up 8.7%

CBS, down 4.1%
LIN, down 1.5%
Salem, down 1.1%