Growing confidence that Greece won’t default on its national debt spurred optimism and stock buying on Wall Street Tuesday. The Dow Jones Industrial Average rose 110 points, or 0.9%, to 12,190. Broadcasting stocks also had a good day, no doubt helped by the M&A action at Emmis.
The RBR Radio Index was up 8.141, or 2.4%, to 348.279.
The TVBR Television Index was up 15.012, or 6%, to 266.615.
ACME, up 19.1%
Gray, up 8.6%
CC Media, up 7.7%
Beasley, down 5.7%
Westwood, down 1%
Entercom, down 0.4%