Tepid Thursday For Media Stocks


The Dow Jones Industrial Average closed down 63.28, to 19,891.00, on Thursday, as the Nasdaq composite also fell, losing 16.16 points, to 5,547.49.

Among companies seeing declines on Wall Street was Cumulus, which continues to seek additional early tenders from its bondholders of its 7.75% Senior Notes due 2019. Cumulus shares fell 3 cents, to $1.05.

Entercom was also down, losing 45 cents, to $14.75. Sinclair Broadcast Group dipped 50 cents, to $33.10.

Key gainers included Amazon.com Inc., which saw shares rise $14.62, to $813.64.


The RBR Radio Index fell 6.152, or 1.02%, to 598.682.
The TVBR Television Index fell 13.289, or 1.34%, to 979.789.



Radio One, up 3.8%

iHeart, up 1.8%




Entravision, down 3.0%

Entercom, down 3.0%

Cumulus, down 2.8%