Janet Yellen assured stock traders and the rest of America that the Fed had no plans to increase borrowing rates at any pace faster than gradual, and the markets ended a four day slump. Most television and radio stocks participated with gains of their own.
The RBR Radio Index rose 6.827, or 1.0%, to 701.452.
The TVBR Television Index rose 12.921, or 1.4%, to 944.506.
Emmis, up 5.4%
Media General, up 4.8%
Gray, up 3.3%
Cumulus, down 1.5%
iHeart, down 1.1%
Fox, down 0.7%