A rise in new jobless claims set a poor stage for President Obama’s Thursday night speech on his new jobs plan. Also, Wall Street was disappointed that Fed chief Ben Bernanke revealed no new initiatives in a speech Thursday. The Dow Jones Industrial Average was down 119 points, or 1%, to 11,296. Broadcasting stocks managed a mixed day.
The RBR Radio Index was up 2.245, or 0.8%, to 276.262.
The TVBR Television Index was down 3.824, or 2%, to 192.295.
CC Media, up 8.3%
Emmis, up 4.6%
ACME, up 4.5%
Gray, down 7.9%
Fisher, down 6.6%
Sinclair, down 3.7%