One bad Apple may not spoil the whole bunch, but it certainly didn’t do anything good for the stock market on Friday 12/14. That, combined with share dumping in advance of a possible plunge over the fiscal cliff, sent the markets down. However, radio stocks bucked the trend; television issues weren’t so lucky.
The RBR Radio Index rose 9.061, or 2.3%, to 409.001.
The TVBR Television Index fell 3.317, or 1.0%, to 331.575.
SBS, up 13.9%
Cumulus, up 7.1%
Beasley, up 4.1%
LIN, down 6.6%
Radio One, down 3.9%
Belo, down 2.2%