A big tech deal and encouraging economic reports fueled an uptick in the market, and broadcasters were of course more than happy to tag along for the ride. In the case of Radio One, double-digits happy.
The RBR Radio Index rose 14.013, or 2.0%, to 733.656.
The TVBR Television Index rose 12.023, or 1.2%, to 980.900.
Radio One, up 13.9%
SBS, up 4.4%
Media General, up 2.8%
Emmis, down 4.9%
Cumulus, down 0.4%
CBS, down 0.4%