1 PM UPDATE: Because it took everyone by surprise that the financial bailout bill failed in the House Of Representatives. This is terrible news for media stocks, Wall Street, and Main Street as the credit markets literally start to shut down. The S&P alone has lost 8% of its value. Today’s market plunge was the biggest single day drop, even worse than post-9/11. Though the 1987 crash was worse proportionately. Can the bailout be salvaged?

MONDAY, September 29, 2008
GE
(NBC Universal) fell $2.15 (-8.51%) to $23.10
Disney fell $3.02 (-9.22%) to $29.73
News Corp (Fox) fell $1.18 (-8.91%) to $12.07
Time Warner fell $1.31 (-9.22%) to $12.90
Viacom fell $1.85 (-7.25%) to $23.66
Sony Corp fell $1.65 (-5.09%) to $30.76
CBS fell $1.10 (-7.14%) to $14.30
DreamWorks Animation fell $1.34 (-4.18%) to $30.68
Marvel Entertainment fell $1.36 (-3.95%) $33.05