Three up days in a row – 8/15/11


Monday was another up day for the stock market, although traders remain cautious. There was M&A activity to excite the market, with Google buying Motorola Mobility for $12.5 billion and Time Warner Cable buying Insight for $3 billion. The Dow Jones Industrial Average rose 214 points, or 1.9%, to 11,483. Broadcasting stocks also had an up day.

The RBR Radio Index was up 11.035, or 3.9%, at 296.543.

The TVBR Television Index was up 5.122, or 2.4%, at 217.285.

SBS, up 16.9%
Gray, up 10.2%
Sinclair, up 5%

Entercom, down 4.8%
Emmis, down 4.1%
Nexstar, down 2.2%