Lack of debt deal dampens dealing on the Street – 7/11/11


The failure of interested parties in Washington to cut a deal of the debt ceiling and continued worries about the economic situation in Europe caused Wall Street to dole out quite a few flat tires in Monday trading. Beasley was the best broadcaster when it came to swimming against the tide.

The RBR Radio Index fell 5.825, or 1.6%, to 355.536.

The TVBR Television Index fell 7.787, or 2.8%, to 266.216.

Beasley, up2.9%
CC Media, up 1.3%
Entravision, up 0.5%

Nexstar, down 6%
Salem, down 5.1%
Gray, down 5%