Oct 30, 2009

October fulfilled its tradition of being a down month for stocks, but not nightmarishly so, and media stocks mostly followed suit, with the notable exception of strong showings for movie exhibition and broadcasters. The Dow was flat while the Nasdaq and S&P 500 lost 3.6% and 2%, respectively. Among the stocks making up The Hollywood Reporter Showbiz 50 index, just 17 were higher during the month, with radio entity Cumulus Media leading the way with a 22% gain to $2.11. Other...More