The Fed and the European Central Bank are supposed to issue reports this week, and a labor market report is also due, and it led to skittish trading on Wall Street. Broadcasters were a perfect reflection, with a mixed bag of results that saw radio average downward and television upward. But however you slice it, it was not a good day for Clear Channel.
The RBR Radio Index fell 7.873, or 2.1%, to 369.847.
The TVBR Television Index rose 4.128, or 1.8%, to 239.114.
LIN, up 9.8%
ACME, up 6.1%
Emmis, up 3.7%
CC Media, down 13.3%
Beasley, down 5.6%
Entravision, down 3.9%