Interest rates aren’t going anywhere for awhile, and that was good news for traders. Radio companies joined in on the fun, especially Cumulus, which gained almost 9%. TV was all but flat.
The RBR Radio Index rose 9.019, or 1.2%, to 787.366.
The TVBR Television Index rose 1.342, or 0.2%, to 782.649.
Cumulus, up 8.8%
Saga, up 2.7%
Gray, up 1.7%
Beasley, down 3.3%
Entravision, down 0.7%
Sinclair, down 0.5%