Stocks close at more than four-month lows

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Stocks were slammed Wednesday on worries about efforts to avert more than $600 billion in automatic spending cuts and tax hikes slated to start in January. Down for a third session, the Dow Jones Industrial Average fell 185.23 points, or 1.5%, to 12,570.95, its lowest finish since late June.


The RBR Radio Index was down 11.718, or 2.9%, to 391.548.

The TVBR Television Index was down 8.623, or 2.7%, to 307.463.

Winners
Beasley, up 2.2%
LIN TV, up .4%
n/a

Losers
Salem, down 6.9%
Saga, down 6.0%
Radio One, down 4.7%

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