Disappointing data about factory performance added to investor concerns about prospects for the economy as the Federal Reserve pulls back on its stimulus efforts. The Dow Jones U.S. Media Index fell 2.7% today — ahead of a 2.3% drop in the Standard & Poor’s 500 and 2.1% slide in the Dow Jones Industrial Average. All but a handful of the companies we track lost ground. CBS was hardest hit among Big Media, with shares off 4.1%. It was followed by Viacom (-4.0%), Disney (-3.6%), Sony (-3.2%), Comcast (-3.1%), Fox (-3.0%), News Corp (-2.8%), Discovery (-2.2%), and Time Warner (-2.1%). In the broader media universe, companies licking their wounds today include DreamWorks Animation (-7.4%), Lionsgate (-5.6%), IMAX (-5.4%), Starz (-5.3%), and AMC Networks (-4.7%). The few gainers include Cinedigm (+4.6%, touching a multiyear high during the day), AOL (+1.7%), Time Warner Cable (+0.6), and Apple (+0.2%).
Media Stocks Slammed As Markets Reel From Weak Economic Data
What's Hot on Deadline
'Gods Of Egypt': 'Selma' Director Ava DuVernay Responds To Alex Proyas & Lionsgate Apology For Lack Of Diversity - Update
Thanksgiving Box Office +12% Over 2014, Boosted By 'Mockingjay 2', 'Good Dinosaur' & 'Creed' - Sunday AM Final Update
China Makes Space For ‘The Martian’ As ‘Good Dinosaur’ Snatches Eggs From No. 1 ‘Mockingjay 2’ – Intl B.O. Update
’The Danish Girl’ Bows With Style; 'Janis: Little Girl Blue' Solid In Debut; 'Carol’ Dominates Thanksgiving: Specialty B.O.
Latest Business News
- Kobe Bryant Retirement Poem Crashes Player’s Tribune Site
- Rupert Murdoch Tweet: Sale Of Tribune, LA Times Looking Imminent
- ‘Empire’ Online Store Launched To Swag Up Your Christmas
- Viacom CEO Philippe Dauman Says Sumner Redstone “Engaged & Attentive” In Response To Lawsuit
- NY Supreme Court Postpones Decision On Plea To Bar DraftKings And FanDuel
- ‘Bones’ EP Sues Fox Over Profit Participation, Accuses Top Execs Of Cancellation Threats