TV station group stocks made a partial rally today along with the rest of the market on the expectation of multi-billion dollar government stimulus bill. The Dow had gained 280 points, or around 4 percent, when it opened today compared to a week ago. TVB’s 28 TV station stocks were up 7 percent in the same period.
Among them, New York-based Young Broadcasting, (Pink Sheets: YBTVA) announced it would skip a $4.5 million interest payment due Feb. 6, on a senior secured credit facility due 2012. The company has a 10-day grace period on the payment. Young previously announced it would skip a $6.1 million interest payment due Jan. 15. The company has 10 TV stations in 10 markets. It continues to work with creditors on a restructure. (Please pardon the appearance of the index while we work out some bugs in the system. For an undisrupted copy of the latest chart, e-maildmcadams@nbmedia.com.)
Television BroadcastTV Station Index forFeb. 2, 2009
NAME
Symbol
1/26 Open
2/2 Open
2/9 Open
MktCap mils
$0.30
-20%
$0.24
25%
$0.30
$4.81
$1.80
-22%
$1.41
5%
$1.48
$150.24
$6.29
-10%
$5.63
14%
$6.40
$4,308.59
$6.25
-10%
$5.67
15%
$6.50
$4,288.58
$0.77
-6%
$0.82
-2%
$0.80
$63.40
$0.01
0%
$0.01
100%
$0.02
$0.40
$17.98
-13%
$15.71
11%
$17.44
$149.46
$6.73
-13%
$5.83
-17%
$4.85
$1,104.08
$12.48
-4%
$12.03
-5%
$11.34
$134,976.67
$0.46
0%
$0.33
51%
$0.50
$23.86
$1.22
-11%
$1.08
-5%
$1.03
$30.19
$14.88
-28%
$13.80
3%
$14.25
$945,528.57
$4.22
-6%
$3.96
14%
$4.52
$419.96
$3.00
0%
$3.00
N/A
N/A
N/A
$1.96
-8%
$1.80
7%
$1.92
$100.19
$1.04
-33%
$0.70
-16%
$0.59
$25.53
$2.53
-22%
$1.98
12%
$2.21
$50.10
$17.41
-8%
$15.95
-1%
$15.75
$710.59
$6.75
-9%
$6.16
13%
$6.97
$17,721.58
$0.75
-12%
$0.85
2%
$0.87
$24.73
$1.12
291%
$4.38
-5%
$4.17
$17.24
$16.81
-5%
$16.00
5%
$16.80
$7,253.86
$2.10
-13%
$1.82
-20%
$1.46
$118.43
$1.73
-12%
$1.53
7%
$1.63
$94.72
$20.40
6%
$21.55
15%
$24.84
$7,912.82
$21.08
-5%
$20.08
-1%
$19.82
$35,901.51
$405.25
-5%
$386.00
9%
$420.00
$3,961.68
$0.05
-40%
$0.03
-33%
$0.02
$0.55
