Latest in Media Stocks

The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat. After guests arrive on Tuesday, official activities get under way Wednesday. The annual ritual of media-mogul whitewater rafting and shop talk is a 40-year…

Stocks posted steep losses across the board Thursday after a major rate hike by the U.S. central bank and comments by Fed chief Jerome Powell exacerbated recession fears. The Dow plunged by more than 700 points, closing below 30,000 for the first time since January 2021. The Nasdaq sank by more than 4%, down by more…

The S&P 500, down more than 3% in late-morning trade, fell into bear market territory Monday – defined by a dip of more than 20% from its most recent high — with little upbeat news on the horizon and not much going well on three key fronts: surging inflation, rising interest rates and the Russia-Ukraine War. The…

Dismal monthly inflation data hit stocks Friday with tech, internet and media taking a beating and Goldman Sachs slapping rare 'sell' rating on Netflix and a few others. The bank downgraded the streamer from 'neutral' on economic and competitive jitters and cut its price target to $186 from $265 – the lowest on the…

Most stocks and sectors closed down Thursday in a massive and broad market selloff that thrashed media and tech shares from big showbiz conglomerates to Amazon, Apple and Meta to Roku, Endeavor, Cinemark and the New York Times. With the trading day done, the Dow 30 is down more than 3% having shed over 1,100 points…

Shares plunged Thursday ahead of the open as geopolitical conflict deepened with Russian’s invasion of Ukraine, dampening investor sentiment. Execs from Discovery touched on it in a conference call with analysts following earnings this morning. Dow Futures are currently down 830 points or 2.5%. Nasdaq, S&P 500 and…

Covid, neither gone nor forgotten in 2021, batted investors and markets for another year as attempts at business as usual were stymied by cycles of angst and rebound. Defensive stocks, growth stocks, value stocks, stay-at-home stocks were in one day, out the next. After a volatile year of ups and downs, broader…

MoffettNathanson LLC, the New York-based Wall Street research firm led by star financial analysts Craig Moffett and Michael Nathanson, has been acquired by SVB Financial, a holding based in Santa Clara and parent of Silicon Valley Bank. MoffettNathanson, known for thoughtful coverage of high-growth, disruptive…

Showbiz shares sparkled Monday, starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts. Johnson & Johnson’s vaccine, the nation's third, will ship this week and the possibility of $1.9 trillion flowing into the U.S…

UPDATED AT CLOSE: Media and entertainment shares and the broad market rose sharply Wednesday in a show of optimism that contrasted starkly with one of the grimmest days in recent U.S. history as supporters of President Trump occupied the Capitol in hours of chaos that started late morning and were still ongoing when…

Shares of Discovery, which launched its new global streaming service today, and WarnerMedia parent AT&T, were standouts among media stocks Monday as the market seesawed. Discovery was up by 1%, as Discovery+ debuted as a comfort-food, non-scripted alternative to rival services that rolled out throughout the past year…

Stocks jumped Monday as Democratic candidate Joe Biden leads in the polls and investors predicted a wave of stimulus will buck up the economy if he’s elected, and especially if the Dems take the Senate. Upbeat sentiment buoyed media from broadcasters to Discovery, AMC Networks, ViacomCBS and Netflix — but left tech…