Bulls and bears take a day off – 7/20/11


Stock prices were pretty flat on Wednesday, with some good earnings reports counterbalanced by the lack of a debt ceiling deal in Washington. The Dow Jones Industrial Average was down 15 points, or 0.1%, to 12,572. Other major indices were also just a hair lower. Broadcasting stocks were mixed, with TV shares up on a Wall Street Journal report that Nexstar is for sale.

The RBR Radio Index was down 0.497, or 0.1%, to 356.307.

The TVBR Television Index was up 10.718, or 4.2%, to 264.419.

Nexstar, up 26.5%
Beasley, up 11.4%
LIN, up 5.4%

CC Media, down 12.5%
Westwood, down 3.6%
Entercom, down 3%