Jobs report rally fizzled by the closing bell – 12/2/11

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The US unemployment rate dropped to 8.6% — the lowest in two and a half years. That was due to people giving up on finding work as much as other people actually finding jobs, so the enthusiasm behind a morning rally on Friday faded in the afternoon. The Dow Jones Industrial Average was essentially flat, closing down 61 points at 12,019. The Nasdaq Composite was up slightly and the S&P 500 down slightly. Some good news: Broadcasting stocks were among the day’s winners.


The RBR Radio Index was up 1.632, or 0.5%, at 309.543.
The TVBR Television Index was up 1.699, or 0.8%, at 228.519.

Winners
Entravision, up 7%
Dial Global, up 6.3%
SBS, up 3.4%

Losers
Emmis, down 6.6%
Beasley, down 4%
Radio One, down 2.6%

Radio Stocks

 

 

 

 

 

 

Company

Symbol

Close

Change

Arbitron *

ARB 

$37.47

-$0.34

Beasley *

BBGI

$3.60

-$0.15

CBS Cl. B

CBS

$25.56

$0.14

CBS Cl. A

CBSa 

$25.81

$0.19

CC Media *

CCMO

$4.50

$0.00

Cumulus *

CMLS

$3.11

$0.10

Debut

DBTB

$0.03

$0.00

Dial-Global*

DIAL

$4.04

$0.24

Disney

DIS

$36.61

$0.62

Emmis *

EMMS

$0.76

-$0.05

Entercom *

ETM

$5.60

$0.12

Entravision 

EVC

$1.52

$0.10

Fisher

FSCI

$29.00

-$0.24

Journal

JRN

$4.31

$0.14

Light Media

LGMH

$0.08

$0.00

Lincoln Natl.

LNC

$20.06

-$0.15

Pandora

P

$10.78

$0.38

Radio One A

ROIA

$1.09

-$0.03

Radio One D *

ROIAK

$1.12

-$0.03

Salem *

SALM

$2.40

$0.04

SBS *

SBSA

$2.41

$0.08

Saga *

SGA

$35.94

$1.05

Sirius XM

SIRI

$1.86

-$0.02

* Component of the RBR Radio Index                          

 

© 2011 Radio Business Report, Inc. All rights reserved.

Television Stocks

 

 

 

 

 

 

 

 

Company

Symbol

Close

Change

 

ACME *

ACME.PK

$0.75

$0.00

 

Belo *

BLC

$6.13

-$0.07

 

CBS Cl. B *

CBS

$25.56

$0.14

 

CBS Cl. A

CBSa 

$25.81

$0.19

 

Comcast

CMCSA

$23.36

$0.79

 

Disney

DIS

$36.61

$0.62

 

Entravision *

EVC

$1.52

$0.10

 

Fisher *

FSCI

$29.00

-$0.24

 

Gannett

GCI

$11.91

$0.65

 

Gray *

GTN

$1.70

$0.02

 

Gray, Cl. A

GTNa 

$1.58

$0.26

 

Journal

JRN

$4.31

$0.14

 

Meredith

MDP

$30.27

$0.74

 

Media Gen.

MEG

$3.71

-$0.12

 

McGraw-Hill

MHP

$43.22

$0.42

 

Nielsen

NLSN

$29.86

$0.49

 

News Corp.

NWS

$18.00

$0.14

 

Nexstar *

NXST

$7.94

$0.00

 

Sinclair *

SBGI

$10.32

-$0.04

 

SBS

SBSA

$2.41

$0.08

 

Saga

SGA

$35.94

$1.05

 

Scripps

SSP

$8.54

$0.20

 

LIN TV *

TVL

$3.39

$0.01

 

Time Warner

TWX

$34.41

$0.20

 

Wash. Post

WPO

$366.71

$7.92

 

 

 

 

 

 

* Component of the TVBR Television Index

 

 

© 2011 Radio Business Report, Inc. All rights reserved.