The markets closed the books today on Q1 trading, and it began with a shrug for media stocks. The Dow Jones U.S. Media Index fell 2.4% over the three-month period, behind the benchmark Standard & Poor’s 500, which was +1.3%. Sony was the top-performing Big Media company, with shares +10.6%. It was trailed by Disney (+4.8%), Viacom (-2.7%), CBS (-3.0%), Comcast (-3.7%), News Corp (-4.4%), Time Warner (-6.3%) and Fox (-9.1%). There’s a much wider gap between the best and worst performers among other media companies we track most closely. World Wrestling Entertainment led the pack, helped by its launch of WWE Network, a $9.99 a month live streaming video service. Its shares appreciated 74.2% — followed by Barnes & Noble (+39.8%), RealD (+30.8%), and Cinedigm (+26.7%). At the bottom we find DreamWorks Animation (-25.2%), National CineMedia (-24.9%), and Sinclair Broadcasting (-24.2%).
Here’s how individual companies fared: