Media Stocks Bounce Back as Market Opens Higher

Netflix Shows Solid Gains, Up 7%
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Media stocks bounced back in early trading Tuesday (Aug. 25) as the Dow Jones Industrial Average reversed field and turned sharply higher.

With the Dow up 2% after a huge drop Monday, companies in the TV business were showing good gains.

Netflix, a high-flyer that got pounded when the market went south, was up more than 7% Tuesday morning.

AMC Networks jumped more than 3%, Walt Disney Co. and Viacom each gained more than 2%, and Time Warner Inc. was up more than 1%. Comcast, CBS, 21st Century Fox, Discovery Communications and Scripps Networks registered smaller increases.

Read more at broadcastingcable.com.

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