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Media Stocks Hit By Market Fears Of Impasse Over U.S. Debt Cuts

By DAVID LIEBERMAN, Executive Editor | Monday November 21, 2011 @ 12:50pm PSTTags: Barnes & Noble, CBS, Cinedigm, Comcast, Crown Media, Dish Network, Disney, E.W. Scripps, Entercom, LIN TV, Live Nation, McClatchy, McGraw-Hill, National CineMedia, Netflix, Radio One, RealD, Sirius XM, Sony, Time Warner, Viacom, Westwood One

The federal government will have to slash $1.2T in spending, mostly beginning in 2013, if the 12-member congressional Super Committee can’t strike a deficit reduction deal soon. They still appear split — even though, as a practical matter, they have to reach an agreement by midnight in order to have something ready for the official Wednesday deadline. That drove most company shares down, with a late uptick possibly softening the blow. The Dow’s U.S. Media Index was down 1.2% about 20 minutes before the end of the trading day. Disney was hardest hit among the industry’s biggest players: Its shares were -3.5%, followed by Sony (-3.4%), CBS (-2.3%), Viacom(-2%), and Time Warner (-1%). Comcast was up about 0.5%. Among other media companies, Cinedigm (-8.8%) and RealD (-7.2%) took the worst beatings. Others down at least 4% include E.W. Scripps, Entercom, Crown Media, Netflix, National CineMedia, Live Nation, LIN TV, and Dish Network. Gainers include Westwood One, Barnes & Noble, Sirius XM, Radio One, McClatchy, and McGraw Hill.

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Media Stocks Suffer As Investors Fear Ad Sales Will Weaken

By DAVID LIEBERMAN, Executive Editor | Monday October 3, 2011 @ 2:49pm PDTTags: CBS, Coinstar, Comcast, Crown Media, Cumulus Media, Disney, Entercom, LIN TV, Live Nation, News Corp, Pandora Media, Radio One, Regal Entertainment Group, Sony, Time Warner Cable, Viacom, Westwood One, Yahoo

The Dow Jones U.S. Media Index was down 3.5% today while the DJ Industrial Average was off 2.4% — and Goldman Sachs may have contributed to the imbalance: It downgraded the entertainment sector today to “neutral” from “attractive” … Read More »

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Media Stocks -5.4% As Fresh Data Suggest The Economy Continues To Weaken

By DAVID LIEBERMAN, Executive Editor | Thursday August 18, 2011 @ 12:13pm PDTTags: Amazon, Cablevision, CBS, Cinedigm, Coinstar, Comcast, Discovery Communications, Disney, Entercom, Gannett, IMAX, LIN TV, Lionsgate, Live Nation Entertainment, McClatchy, McGraw-Hill, Netflix, News Corp, Pandora Media, Radio One, Scripps Networks Interactive, Sinclair Broadcasting, Sony, Stock Market, Time Warner, TiVo, Viacom, Washington Post

The bears are back. After a relatively calm week, stocks prices across the board — including in media — are tanking today following reports that point to rising unemployment and inflation, and weakness in manufacturing. An hour before … Read More »

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