Earnings from computer Dell exceeded Wall Street expectations and sent stock prices higher on Wednesday. There were also a couple of big M&A deals, although neither related to media. The Dow Jones Industrial Average gained 62 points, or 0.5%, to 12,288. Broadcasting stocks, however, were mixed, with TV stocks mostly up, but radio down.
The RBR Radio Index was down 6.972, or 1.8%, to 380.469.
The TVBR Television Index was up 2.306, or 0.9%, to 262.796 – another all-time high.
Nexstar, up 3.6%
CBS, up 2.1%
Sinclair, up 1.5%
CC Media, down 6.3%
Emmis, down 5.8%
Westwood, down 3.3%