Recession end call boost stocks – 9/20/10

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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

 

 

 

 

 

 

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

Google

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

 

 

 

 

* Component of the RBR Radio Index                          

 

© 2010 Radio Business Report, Inc. All rights reserved.

Television Stocks

 

 

 

 

 

 

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

Google

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

 

 

 

 

* Component of the TVBR Television Index

 

© 2010 Radio Business Report, Inc. All rights reserved.