Stock prices initially dipped on news that Apple was going to use its cash stockpile to start paying a dividend and buy back shares, rather than buy lots of other companies, but traders eventually warmed to the idea and the market closed barely to the up side. The Dow Jones Industrial Average gained seven points to 13,239. Broadcasting stocks also gained.
The RBR Radio Index was up 12.538, or 3.5%, to 372.646.
The TVBR Television Index was up 0.896, or 0.3%, to 260.773.
Salem, up 10%
Cumulus, up 5.3%
Radio One, up 5.1%
LIN, down 1.6%
Sinclair, down 1.5%
Fisher, down 0.2%