Latest in Media Stocks

Stocks acclerated their downward trajectory Friday as the coronavirus ratcheted up with media shares following the market lower. The DJIA closed out the week down a hefty 730 points, or 2.8% in Friday’s session. The S&P 500 and Nasdaq dropped, respectively, 2.4% and 2.6% for the day. Exhibitors lost more ground with…

Stock plunged with showbiz knocked hard as COVID-19 infections surged, three governors issued travel restrictions and investor hopes for a recovery fizzled. The DJIA plunged more than 700 points, or 2.7%, its worst showing in weeks. The S&P 500 and Nasdaq were both down sharply. Media and entertainment stocks…

Showbiz shares, which were at a high in February before being walloped by COVID-19, have a lot going for them just now, said one Wall Street analyst Monday, heralding the upcoming return of film and TV production and sports, an improved ad outlook and theme parks reopening as reasons to be bullish on the stocks. Over…

Showbiz shares surged in a major market rally that saw the DJIA close up by nearly 1,000 points Monday. ViacomCBS ended the session 11% higher as a Wall Street analyst upgraded the stock to 'buy' and the company's chairman Shari Redstone and CEO Bob Bakish told annual meeting attendees that they consider the stock…

Guggenheim analyst Michael Morris on Thursday slapped a buy rating on shares of Fox Corp. — a rare upgrade in a period of dislocation and dire predictions by Wall Street across media and entertainment. Morris upped his recommendation from “neutral” – basically a hold – calling Fox the best positioned among its…

The stock market opened lower despite a aggressive move by the Federal Reserve, in an emergency meeting early Monday – it’s third since the crisis started – to combat the economic impact of the coronavirus pandemic. Media stocks from Disney and Lionsgate to WarnerMedia parent AT&T were hit with downgrades on worries…

Media stocks were smacked Thursday as the NBA’s suspended rest of season focused investors on a potential ad slump and accelerated cord cutting with trading halted temporarily for the second time this week as the market plunged. “The only reason to have a multichannel video bundle is literally disappearing, at least…

Media shares plunged Wednesday as stocks closed in official bear market territory in the face of a bona fide global coronavirus pandemic. Investors punished stocks from Dish to Live Nation, Gray Television, Cinemark, National Cinemedia and AMC Entertainment with double-digit losses. Shares of the latter two companies…

UPDATED with closing indexes, stock details: Wall Street suffered third biggest daily point drop ever as the Dow Jones Industrial Average plunged by more than 1,000 points with media stocks following the index lower and tech  and social media particularly hard hit. Cases of the coronavirus in Italy, the first Western…

UPDATED with closing prices: The first day of trading for media stocks since yesterday’s landmark approval of AT&T’s merger with Time Warner saw large gains for 21st Century Fox, CBS, Discovery and, of course, Time Warner. Meanwhile, while Netflix is not taking part in the M&A roundelay, it saw a 4.5% increase in its…