CBS, Viacom Stocks Dinged Again as Market And Media Sector Stabilize

By Christine Zosche 

After the Dow Jones Industrial Average posted an 800-point loss on Wednesday, its steepest of 2019, the stock market stabilized Thursday and most media and tech shares saw their fortunes improve. (Deadline)

Disney and AT&T were among the media giants that eked out slight gains early Thursday. CBS and Viacom, which announced a long-expected merger agreement on Tuesday, were still in the red on Thursday, closing the day down about 3 percent, compared to a drop for both of more than 8 percent on Wednesday. Comcast was essentially flat for the day. (Variety)