If you’ve never heard of the National Bureau of Economic Research, don’t feel that you’re alone. It is the federal agency with the authority to declare the beginning and end of a recession. It announced Monday that the recession which began in December 2007 officially ended in June 2009. That news, though more than a year old, gave stock prices a boost on Monday. The Dow Jones Industrial Average rose 146 points, or 1.4%, to 10,754. Broadcasting stocks were higher.
The RBR Radio Index was up 8.467, or 3.4%, to 259.644.
The TVBR Television Index was up 7.115, or 3.9%, to 188.491.
Winners
Beasley, up 22.1%
Nexstar, up 8.9%
Cumulus, up 9.8%
Losers
Emmis, down 9.6%
n/a
n/a
Radio Stocks |
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Company |
Symbol |
Close |
Change |
Arbitron * |
ARB |
$28.57 |
$0.88 |
Beasley * |
BBGI |
$5.19 |
$0.94 |
CBS Cl. B |
CBS |
$15.71 |
$0.59 |
CBS Cl. A |
CBSa |
$15.69 |
$0.57 |
CC Media * |
CCMO |
$7.20 |
$0.00 |
Cumulus * |
CMLS |
$2.58 |
$0.23 |
Debut |
DBTB |
$0.04 |
$0.00 |
Disney |
DIS |
$34.90 |
$0.34 |
Emmis * |
EMMS |
$0.94 |
-$0.10 |
Entercom * |
ETM |
$7.74 |
$0.50 |
Entravision |
EVC |
$1.84 |
$0.09 |
Fisher |
FSCI |
$18.55 |
$0.66 |
|
GOOG |
$508.28 |
$18.13 |
Journal |
JRN |
$4.49 |
$0.33 |
Lincoln Natl. |
LNC |
$25.29 |
$0.73 |
Radio One A |
ROIA |
$1.03 |
$0.08 |
Radio One D * |
ROIAK |
$0.91 |
$0.02 |
Salem * |
SALM |
$2.80 |
$0.03 |
SBS * |
SBSA |
$0.86 |
$0.03 |
Saga * |
SGA |
$19.60 |
$0.19 |
Sirius XM |
SIRI |
$1.18 |
$0.06 |
Westwood* |
WWON |
$7.00 |
$0.00 |
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* Component of the RBR Radio Index |
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© 2010 Radio Business Report, Inc. All rights reserved. |
Television Stocks |
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Company |
Symbol |
Close |
Change |
ACME * |
ACME.PK |
$1.10 |
$0.00 |
Belo * |
BLC |
$6.29 |
$0.24 |
CBS Cl. B * |
CBS |
$15.71 |
$0.59 |
CBS Cl. A |
CBSa |
$15.69 |
$0.57 |
Disney |
DIS |
$34.90 |
$0.34 |
Entravision * |
EVC |
$1.84 |
$0.09 |
Fisher * |
FSCI |
$18.55 |
$0.66 |
Gannett |
GCI |
$13.50 |
$0.30 |
Gen. Elec. |
GE |
$16.55 |
$0.26 |
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GOOG |
$508.28 |
$18.13 |
Gray * |
GTN |
$2.03 |
$0.10 |
Gray, Cl. A |
GTNa |
$1.92 |
-$0.01 |
Journal |
JRN |
$4.49 |
$0.33 |
Meredith |
MDP |
$33.05 |
$0.86 |
Media Gen. |
MEG |
$10.10 |
$0.52 |
McGraw-Hill |
MHP |
$31.35 |
$0.80 |
News Corp. |
NWS |
$15.71 |
$0.39 |
Nexstar * |
NXST |
$4.77 |
$0.39 |
Sinclair * |
SBGI |
$7.15 |
$0.00 |
SBS |
SBSA |
$0.86 |
$0.03 |
Saga |
SGA |
$19.60 |
$0.19 |
Scripps |
SSP |
$7.96 |
$0.36 |
LIN TV * |
TVL |
$4.43 |
$0.18 |
Time Warner |
TWX |
$31.91 |
$0.67 |
Wash. Post |
WPO |
$375.12 |
$7.87 |
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* Component of the TVBR Television Index |
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© 2010 Radio Business Report, Inc. All rights reserved. |