Dow edges higher; broadcast stocks down


Markets had a sleep start to the week Monday, with stocks gaining just a hair — after a massive drop last week — on hopes that Washington will find a way to compromise and avoid allowing Fiscal Cliff tax hikes and spending cuts to expire that would push the economy back into a recession. The Dow Jones Industrial Average edged up 2 points to 12,817.

The RBR Radio Index was down .378, or .1%, to 411.140.

The TVBR Television Index was down 5.120, or 1.6%, to 319.062.

Cumulus, up 8.4%
Beasley, up 4.9%
Fisher, up 2.0%

ACME, down 9.5%
Dial Global, down 7.6%
Radio One, down 4.6%

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