The latest action from the Federal Reserve Board is basically to take no action it isn’t currently taking, and analysts said the disappointment over lack of new stimulants for the sluggish economy dampened the enthusiasm for stock traders. Radio suffered along with the masses, but as a group television companies bucked the trend, thanks to Sinclair and Nexstar.
The RBR Radio Index fell 8.146, or 2.2%, to 361.701.
The TVBR Television Index rose 2.493, or 1.0%, to 241.607.
Sinclair, up 12.8%
Nexstar, up 7.5%
Gray, up 5.4%
Dial Global, down 8.7%
Entravision, down 8.1%
Beasley, down 4.6%