Stocks dropped again on Friday, building on the sharp selloff of a day earlier and hurt by a disappointing earnings report from J.P. Morgan Chase & Co. The S&P fell 17.39 points, or 1%, to close at 1,815.69. The Dow shed 143.47 points, or 0.9%, to finish at 16,026.75. The blue-chip index shed 2.4% for the week. The Nasdaq slid 54.37 points, or 1.3%, to end at 3,999.73.
The RBR Radio Index was down 5.293, or .6%, to 945.306.
The TVBR Television Index was down 17.067, or 2.1%, to 813.500.
Beasley, up 3.8%
Emmis, up 1.0%
Salem, up .1%
ACME, down 5.9%
SBS, down 4.0%
Cumulus, down 3.4%