Wall Street herd nervous about cliff proximity


Brinksmanship is becoming standard operating procedure in Washington, and Wall Street doesn’t like it. That fact sent stocks down, and broadcast issues unfortunately followed suit. On the radio side, minority-oriented broadcasters led the charge in both the positive and negative directions.

The RBR Radio Index fell 3.844, or 0.9%, to 422.112.

The TVBR Television Index fell 1.907, or 0.6, to 313.281.

SBS, up 5.0%
Gray, up 1.8%
Beasley, up 1.2%

Radio One, down 6.4%
ACME, down 5.6%
Entercom, down 3.5%