TV Station Stocks Suffering as Market Struggles

Oct 6, 2008  •  Post A Comment

With the market closed for the day, it’s time to take a tally of the damage on a day when the Dow Jones industrials plunged as much as 800 points, their largest one-day drop, before closing with a loss of 370 points. TVNewsday reports leading TV station stocks fell right along with the broader market. Belo Corp. shares were down 6.46% and Sinclair Broadcast fell by 5.33%. Nexstar Broadcasting Group shares plummeted by 12.72%, ending the day at $1.51 per share, about a tenth of its price back in July 2007. Fisher was among the few gainers with an increase of 2.6%, ending at $38.70 per share.
—Christopher Perez

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