M-A action excited Wall Street on Monday – 3/21/11

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AT&T’s deal to buy T-Mobile USA for $39 billion got Wall Street traders fired up on Monday. The Dow Jones Industrial  Average rose 178 points, or 1.5%, to 12,037. Broadcasting stocks also had a good day.


The RBR Radio Index was up 11.193, or 3%, to 387.547.

The TVBR Television Index was up 12.526, or 5%, to 262.735.

 

 

Winners
LIN, up 9.4%
Beasley, up 8.1%
Westwood One, up 6.1%

Losers
Emmis, down 1.6%
SBS, down 1%
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