Fed chief Janet Yellen said she thought equity prices were getting a little frisky but that there were no discernible bubbles on the horizon, and traders responded by sending stock values moderately downward. That was certainly the case for broadcast stocks.
The RBR Radio Index fell 6.569, or 0.9%, to 707.852.
The TVBR Television Index fell 10.277, or 1.1%, to 945.093.
SBS, up 1.7%
Cumulus, up 0.5%
Radio One, up 0.3%
Beasley, down 2.80%
Emmis, down 2.4%
Gray, down 2.3%