Ironically, the Fed lowered its expectations for the US economy, and the stock markets took that as good news, because it meant interest rates would stay low longer. Most broadcast stocks were in the plus column.
The RBR Radio Index rose 5.806, or 0.8% to 707.019.
The TVBR Television Index rose 8.888, or 0.9% to 958.425.
Salem, up 5.8%
Radio One, up 3.3%
Fox, up 3.1%
SBS, down 5.4%
Emmis, down 1.1%
Nexstar, down 0.5%