DISNEY - MEDIA STOCKS PLUNGE

Caption: Robert Kardashian watches his girlfriend sign autographs. The Cheetah Girls sign the soundtrack to their latest Disney film 'One World' at Virgin Megastore Times Square. New York City, USA

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DISNEY TO PUSH BLU-RAY

BOURNE STAR MATT DAMON BECOMES FATHER FOR SECOND TIME

MCAVOY AND BLUNT IN TALKS TO PLAY STAR-CROSSED LOVERS

OBAMAS CHILDREN VERY DOWN ON BRITNEY AND PARIS

SHOULD MOVIES BE RELEASED ON DVD AND VOD ON SAME DAY

Warning that "content may no longer be kind in the entertainment business," Lehman Bros. cut the stock ratings of the top entertainment companies Monday while warning that the Internet and digital devices could fragmentize the media. In a research note, Lehman Bros. analyst Anthony DiClemente warned that "structural changes" in the way entertainment is delivered to the public were likely to "impact the core revenue and profits of the entertainment business. The media companies singled out by DiClemente, Disney, Time Warner, CBS, and Viacom all saw their shares drop, with CBS's shares plummeting the most -- 4.5 percent to $17.77. DiClemente predicted they would drop still further, to $16.00.

08/07/2008

Also see: Disney - CBS

DISNEY - MEDIA STOCKS PLUNGE

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