A weak report on durable goods sales and the previous day’s negative report from the Conference Board on consumer confidence sent stock prices lower on Wednesday. The Dow Jones Industrial Average fell 72 points, or 0.5%, to 13,126. Broadcasting stocks were hard hit.
The RBR Radio Index was down 9.763, or 2.6%, to 366.768.
The TVBR Television Index was down 3.157, or 1.2%, to 264.019.
Arbitron, up 0.5%
Radio One, up 0.4%
Beasley, down 9.7%
SBS, down 5.9%
Entercom, down 4.5%