Stocks slide with no budget pact in sight


Stocks fell on Monday in an abbreviated session, extending losses into a second day on worries that President Barack Obama and congressional leaders will not be able to reach agreement to avert steep spending cuts and tax hikes set to start next month. The Dow Jones Industrial Average fell 51.76 points, or 0.4%, to 13,139.08.

The RBR Radio Index was down 5.247, or 1.2%, to 425.956.

The TVBR Television Index was down 37.103, or 10.5%, to 315.188.

Radio One, up 2.6%
Emmis, up 1.2%
LIN TV, up 1.1%

ACME, down 91.3%
SBS, down 2.6%
Gray, down 8.5%