Profit taking hit Wall Street on Wednesday after the recent run-up in stock prices. The Dow Jones Industrial Average managed to gain, while the S&P 500 and Nasdaq Composite finished the session down. The DJIA rose seven points, or 0.1%, to 12,240. Broadcasting stocks outperformed and posted gains.
The RBR Radio Index was up 0.355, 0r 0.1%, to 369.182.
The TVBR Television Index was up 6.874, or 3%, to 238.568 – another all-time high.
Winners
Sinclair, up 10.5%
CC Media, up 10.4%
Nexstar, up 9.4%
Losers
ACME, down 5.9%
Radio One, down 4.4%
Entercom, down 3.3%
