The European Central Bank echoed the Fed a day later by taking a wait-and-see approach to the world financial situation, and traders echoed their reaction to the Fed non-action by sending stock values downward. However, that didn’t stop television issues from posting gains, the lost value on the radio side was minimal.
The RBR Radio Index fell 2.609, or 0.7%, to 359.092.
The TVBR Television Index rose 2.846, or 1.2%, to 244.453.
CC Media, up 9.0%
Gray, up 7.3%
Arbitron, up 5.0%
Radio One, down 7.5%
Beasley, down 5.0%
SBS, down 3.5%