Fed to tap the brakes?


The stock market suffered a bit of a reversal Wednesday as reports surfaced that central banks were going to pull back a bit next year, conditions allowing. But that didn’t stop broadcast stocks from growing, especially blockbuster trader Gray, which took off with near-escape velocity.

The RBR Radio Index rose 3.773, or 0.5%, to 794.325.

The TVBR Television Index rose 13.943, or 1.7%, to 837.825.

Gray, up 17.2%
Salem, up 5.3%
Radio One, up 3.4%

Cumulus, down -2.6%
LIN, down -2.0%
Beasley, down -1.3%