Wall Street did not approve of Emmis Communications’ covenant modification proposal, which appears to be all it took to drag the RBR+TVBR radio chart into negative territory. TV was up about half a percent.
The RBR Radio Index fell 7.404, or 1.0%, to 770.426.
The TVBR Television Index rose 4.672, or 0.5%, to 957.918.
Radio One, up 4.2%
Cumulus, up 2.5%
Tribune, up 1.8%
Emmis, down 12.9%
SBS, down 2.2%
Beasley, down 1.0%