Thursday, October 28, 2021

MEDIA STOCKS PLUNGE

September 6, 2011 by · Leave a Comment 

Amid growing pessimism about the economic recovery, media stocks plunged wildly after the market opened today (Tuesday). CBS Corp., which depends on advertising more than any other major media company, was hit hard in early trading, as its shares dropped nearly 6 percent but closed down 1.76 percent. But Sony Corp. did not experience a […]

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 […]