Super-investor Warren Buffett was sounding bullish about making acquisitions in his annual letter to shareholders of Berkshire Hathaway, which made Wall Street traders bullish as well. The Dow Jones Industrial Average gained 96 points, or 0.8%, on Monday to finish February at 12,226. Broadcasting stocks also gained.
The RBR Radio Index was up 2.262, or 0.6%, to 402.259.
The TVBR Television Index was up 4.483, or 1.7%, to 265.668 – an all-time high.
CC Media, up 7.6%
Nexstar, up 6.1%
LIN, up 4.6%
Westwood, down 3.2%
Entravision, down 2.9%
Saga, down 1.5%