Wal-Mart cuts stock prices


A possible Wal-Mart scandal in Mexico and continued worries about European economies put downward pressure on stock prices to begin the week. The Dow Jones Industrial Average dropped 103 points, or 0.8%, to 12,927. Broadcasting stocks fell with the market.

The RBR Radio Index was down 7.259, or 1.8%, to 393.542.

The TVBR Television Index was down 7.174, or 3%, to 234.890.

Radio One, up 2%
Beasley, up 1.1%

ACME, down 7.3%
SBS, down 4.9%
Saga, down 3.4%