Media Stocks: The State of the Top 13
WOW. What a brutal week for the stocks of media companies. No wonder people are getting laid off left and right. Of the 13 biggest publicly traded companies, only AT&T saw its share price rise, while almost every other stock posted percentage decreases in the double digits.
The lowlights? Well, where to begin? Google dipped below 300 for the first time since 2006 before rallying up to 310. Cablevision continued in a talespin, while News Corp draws ever closer to going (down) under.
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