The Federal Reserve is planning only modest changes to its policies, and Wall Street approved, sending stocks in general and broadcast stocks in particular moving up. Gray was the best performer among broadcasters on a day when only the slightest misstep put one on the biggest loser list. That ignominy went to Radio One even though its stock lost less than 1% of its value.
The RBR Radio Index rose 10.887, or 1.5%, to 722.814.
The TVBR Television Index rose 12.669, or 1.8%, to 713.673.
Gray, up 6.1%
CC Media, up 4.5%
SBS, up 4.4%
Radio One, down 0.8%
Entravision, down 0.4%
Cumulus, down 0.2%