Fed Chair Janet Yellen spooked the markets by mentioning interest rate hikes before year’s end, and radio succumbed to the glumness. But the television stocks we follow were able to buck the trend.
The RBR Radio Index fell 6.137, or 0.9%, to 715.654.
The TVBR Television Index rose 2.865, or 0.3%, to 984.523.
Radio One, up 4.0%
SBS, up 2.9%
Nexstar, up 2.5%
Cumulus, down 2.8%
Entravision, down 2.6%
Salem, down 2.5%