Media Stocks Bruised Again in Market Plunge

Programmers Slip, Netflix Drops 8%
Author:
Updated:
Original:
StockQuotesImage_RESIZED.gif

Media stocks continued to plummet in September as the broader market continued to slide.

The Dow Jones Industrial Average lost nearly 500 points again Tuesday, while the broader Standard & Poor’s 500 fell almost 3%.

Crown Media was down more than 5%, while CBS, AMC Networks and 21st Century Fox all lost more than 3%. Walt Disney Co. and Scripps Networks slipped more than 2%. Discovery Communications, Time Warner Inc. and Viacom posted smaller loses.

Netflix posted an 8% drop.

Read more at broadcastingcable.com.

Related