Radio Stocks Slip In Tuesday’s Trading


Blame it on the blizzard?

U.S. financial markets were down slightly on Tuesday, as New York City braced itself for its biggest mid-March blizzard in nearly two decades. The Dow Jones Industrial Average fell 44.11, to 20,837.37. The Nasdaq Composite was off 18.97, to 5,856.82.

Among the radio companies seeing declines was iHeartMedia, off 5.7%, to $1.15. Entercom was down 1.1%, to $14, while Emmis Communications declined 2%, to $2.56.

Gainers included Beasley Broadcast Group, up 0.5%, to $10.35, and Viacom, also up 0.5%, to $43.36.