Wild day ends on the up side – 11/7/11


Wall Street didn’t have time to celebrate Greece nearing agreement on a coalition government before facing new worries about Italy’s economic stability. But assurances from a top Euro-zone official later in the day seemed to ease concerns and stock prices closed higher. The Dow Jones Industrial Average was up 85 points, or 0.7%, at 12,068. Broadcasting stocks were mixed.

The RBR Radio Index was up 12.250, or 4.2%, at 301.429.

The TVBR Television Index was down 1.968, or 0.8%, at 243.536.


SBS, up 39.6%
Entercom, up 9.5%
LIN, up 4.6%

ACME, down 7.5%
Salem, down 5.9%
Belo, down 2.7%