Stocks fell today on the heels of recent drug price hikes. The House oversight committee has asked that Valeant Pharmaceuticals International Inc. explain recent price increases, causing shares to fall and affecting the entire market. Radio also showed losses, while Television showed a slight increase.
The RBR Radio Index fell 13.127, or 2.22%, to 578.687.
The TVBR Television Index rose 8.904, or 1.13%, to 797.012.
Media General, up 22.3%
Salem, up 1.9%
Entercom, up 1.2%
iHeart, down 7.2%
Emmis, down 6.2%
Radio One, down 6.1%