Westwood One dropped from index


As if Westwood One didn't have enough problems with Wall Street, its stock dropped yesterday after Standard & Poor's announced that WW1, which had ranked #400 in the S&P MidCap 400, had been bounced to make way for Warnaco Group, which was originally a corset maker, but whose clothing brands today include Anne Cole, Calvin Klein and Speedo. With WW1 out of the index, mutual funds tied to the index were selling their WW1 shares yesterday. The stock price declined 4.7% to 5.64.