President Obama signing the bill that raised the government’s debt ceiling and promised spending cuts didn’t end Wall Street worries about the economic recovery. The Dow Jones Industrial Average fell 286 points, or 2.2%, to 11,867 – back below the 12K mark. Broadcasting stocks also had another down day.
The RBR Radio Index was down 5.292, or 1.6%, to 325.960.
The TVBR Television Index was down 10.900, or 4.3%, to 245.400.
CC Media, up 3.2%
Beasley, up 0.7%
Entravision, down 7.6%
Entercom, down 5.7%
Sinclair, down 5.5%