Tuesday, September 22, 2020

STOCKS FALL; MEDIA STOCKS FALL FARTHER

August 19, 2011 by · 2 Comments 

As the overall stock market experienced another plunge in its recent roller-coaster ride, some investors in media stocks hung on for dear life Thursday. The Dow Jones U.S. Broadcasting & Entertainment Total Stock Market Index fell 4 percent, but media companies that rely the most heavily on advertising revenue plunged far more deeply. For a […]

CBS RALLIES, STOCK UP 10 PERCENT

August 9, 2011 by · Leave a Comment 

CBS Corp., which was one of the companies hit hardest by the stock-market plunge on Friday and Monday, put on a show of strength in early trading today. Shares of the company rose more than 10 percent after Argus Research upgraded the rating on CBS stock to buy from hold. Media stocks in general rallied, […]

MEDIA CAUGHT IN MARKET WHIRLWIND

August 5, 2011 by · 2 Comments 

Like a TV reporter hanging on to a light pole during a hurricane, the media drew attention to itself Thursday as the Dow plunged 512 points. For some media companies, the nosedive was far greater than the overall setback. CBS Corp., which is the least diversified of all the major media companies and primarily depends […]