A Commerce Department report that consumer spending rose in February added to optimism on Friday as stock traders bet on a recovering economy as Q1 came to an end. The Dow Jones Industrial Average gained 66 points, or 0.5%, to 13,212. Broadcasting stocks surged, led by SBS as the Hispanic broadcaster reported strong Q4 results.
The RBR Radio Index was up 15.420, or 4.2%, to 387.261.
The TVBR Television Index was up 0.855, or 0.3%, to 264.446.
SBS, up 43.3%
ACME, up 6.4%
Beasley, up 3.7%
CC Media, down 4.8%
Emmis, down 2.4%
Cumulus, down 2.2%