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.