Plunging Market Sends Media Stocks Tumbling
- 6 years ago
Broadcastingcable.com reports that media stocks are down as the stock market plunges.
The stock market had one of its worst days ever on Wednesday.
The Dow Jones Industrial Average registered an 831 point drop.
This represents a 3.15% decline overall, with most TV businesses similarly dropping.
AMC Networks dropped 3.85%, Walt Disney dropped 3.45% and Comcast was down 3.27%
The usually dependable Netflix fared even worse, their stock dropping 8.38%.
The stock market had one of its worst days ever on Wednesday.
The Dow Jones Industrial Average registered an 831 point drop.
This represents a 3.15% decline overall, with most TV businesses similarly dropping.
AMC Networks dropped 3.85%, Walt Disney dropped 3.45% and Comcast was down 3.27%
The usually dependable Netflix fared even worse, their stock dropping 8.38%.