Saga is bright spot in rough broadcast stock day


The stock of Saga Communications enjoyed a healthy 6.6% surge, leading the way for broadcast issues which turned in decidedly mixed results. Saga almost single-handedly lifter the RBR Radio Index, while the TV index went south.

The RBR Radio Index rose 10.222, or 1.2%, to 836.948.

The TVBR Television Index fell 8.674, or 1.0%, to 867.239.

Saga, up 6.6%
Gray, up 2.5%
Entercom, up 1.9%

ACME, down 10.71%
Entravision, down 2.4%
Cumulus, down 1.1%
Radio One, down 1.1%