The Street was fed with Fed info, which it decided was not of a momentous nature. Broadcasters contributed to flatness in the form of radio as a group being up and TV as a group being down. However, TV’s change, while not drastic, was a bit heavier than radio’s gain.
The RBR Radio Index rose 3.527, or 0.5%, to 705.417.
The TVBR Television Index fell 7.565, or 0.9%, to 819.718.
Emmis, up 4.6%
Cumulus, up 3.8%
Beasley, up 2.6%
SBS, down 3.6%
Media General, down 2.5%
Entercom, down 2.4%