Friday’s euphoria over a pact to relieve financial problems in Europe dissipated Monday as major credit rating agencies warned that the agreement did not do enough to fix problems in the Euro zone. The Dow Jones Industrial Average fell 163 points, or 1.3%, to 12,021. Broadcasting stocks fell with the market.
The RBR Radio Index was down 2.188, or 0.7%, to 309.543.
The TVBR Television Index was down 3.542, or 1.5%, to 236.524.
Winners
Entercom, up 1.8%
Beasley, up 1.4%
Cumulus, up 1.3%
Losers
Entravision, down 7.9%
Emmis, down 4.2%
SBS, down 3.6%
