Broadcast media stocks were largely swept up in a red tide on Monday as the Dow Jones Industrial Average slid 1.3%, and Nasdaq was down 2%. That’s not to say there weren’t improvements: Townsquare Media climbed 7.4%, while it wasn’t exactly a Gray day for one broadcast TV company.
At the Closing Bell, the Dow was off 328.09, to 24,252.80. Nasdaq was off 160.81 to 7,532.01.
For TSQ shares, an important 46-cent gain to $6.70 was seen.
Why?
