Mixed news, mixed market – 6/23/11


Thursday began with the bad news of a rise in first time applications for jobless benefits, but later in the day Greece agreed to a five-year austerity plan to stabilize its debt problems. Major stock indices moved up from their low points of the day and the Nasdaq Composite even managed to close in positive territory. The Dow Jones Industrial Average was down 60 points, or 0.5%, at 12,050. Broadcasting stocks were also mixed.

The RBR Radio Index was down 4.503, or 1.3%, at 341.945.

The TVBR Television Index was up 6.211, or 2.4%, at 262.557.

Nexstar, up 9.8%
LIN, up 6.5%
Fisher, up 4%

Westwood, down 5.4%
Emmis, down 4.6%
Salem, down 4.5%