Red Sea Of Stocks For Media Entities


Wednesday saw another mixed day of trading on Wall Street, as November ended with the Dow Jones Industrials Average inching ahead 1.98, to 19,123.58, while the NASDAQ Composite index fell 56.24, to 5,323.68.

Salem Media Group fell 30 cents, to $5.70, while Mastercard Inc. dipped $1.62 to $102.20, and McDonald’s Corp. slid $1.41, to $119.27 – a sign that investors may not like these companies’ exposure in the European Union, where quantitative easing could be extended past Q1 2017 to avoid inflation and further erosion of the Euro against the U.S. Dollar. It is presently $1.06 USD for €1.

The RBR Radio Index fell 14.730 or 2.29%, to 627.240.
The TVBR Television Index fell 0.938, or 0.10%, to 949.640.



Tribune Media, up 1.4%

Gray, up 1.0%

Sinclair, up 0.6%



Cumulus, down 6.2%

Salem, down 5.0%

Entercom, down 3.5%