Modest gains to start March


The government reported that new unemployment claims declined last week to the lowest level since March 2008. But oil prices edged up, so the positive sentiment on Wall Street was subdued. The Dow Jones Industrial Average rose 28 points, or 0.2%, to 12,980. Broadcasting stocks had a mixed day.

The RBR Radio Index was up 3.015, or 0.9%, to 344.367.

The TVBR Television Index was down 0.494, or 0.2%, to 257.198.

CC Media, up 9.7%
Fisher, up 4.6%
Salem, up 3%

ACME, down 6.7%
Emmis, down 4.1%
Saga, down 3%

RBR-TVBR Stock Index