Actually the stock markets are fed up with Greece and the Fed. Uncertainty in both cases seems to be driving down prices. That is certainly what happened to the broadcast stocks we follow. What little happiness there is to report came from Beasley and Radio One.
The RBR Radio Index fell 4.937, or 0.7%, to 729.552.
The TVBR Television Index fell 9.934, or 1.0%, to 967.373.
Beasley, up 3.5%
Radio One, up 1.3%
Entravision, up 0.3%
Cumulus, down 5.2%
Gray, down 2.0%
Nexstar, down 1.8%