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Quick turnaround for media stocks, and some notable gains
Blue chip CBS, down double digits on Monday, jumped ahead 15% today to $24.48. Entercom rose 12% to $7.01. Saga improved 16% to $33.65. Westwood One increased 21% to $6.69 - and so it went on the day after Black Monday. Arbitron (up 6%) kept pace with the overall market. Cumulus added about 3% to $2.68, and Radio One rose 7% to $1.25. The only loser in the radio sector was Pandora, down 6% to $11.73.
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