And apparently that threw US stocks into a dropping pattern, but the sudden influx of gravity didn’t overly affect broadcast stocks, which on average posted mild gains, led by iHeartMedia.
The RBR Radio Index rose 6.573, or 0.6%, to 757.149.
The TVBR Television Index rose 8.527, or 1.0%, to 903.233.
iHeart, up 6.2%
SBS, up 6.1%
Sinclair, up 4.7%
Radio One, down 4.1%
Cumulus, down 1.5%
Fox, down 1.1%