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%