The Federal Reserve is acting like the economy is showing some strength, and of course, that has them spooked on Wall Street – we jest, but there are good reasons to be worried. Anyway, radio fell with the herd, while TV managed to stay just to the north of flat.
The RBR Radio Index fell 6.501, or 0.9%, to 712.577.
The TVBR Television Index rose 0.252, or 0.3%, to 799.766.
SBS, up 4.6%
Sinclair, up 0.4%
LIN, up 0.3%
Emmis, down 3.3%
Cumulus, down 2.7%
Radio One, down 2.5%