Apparently publicly-traded broadcast companies didn’t get the memo that the Fed is likely to leave the current interest structure intact. Most of Wall Street celebrated this, but both radio and TV ended the day just a smidge lower than where they started it.
The RBR Radio Index fell 0.374, or 0.1%, to 778.317.
The TVBR Television Index fell 1.980, or 0.3%, to 781.307.
CC Media, up 3.1%
SBS, up 1.3%
Entravision, up 1.2%
Cumulus, down 3.2%
Emmis, down 1.6%
Sinclair, down 1.4%