Media Companies Have Another Bad Day On Wall Street

24 October 2008

Media Companies Have Another Bad Day On Wall Street

Media conglomerates appeared to be bracing for another rough day today(Friday), with many of them falling to new 52-week lows in midday trading.Sony, which plummeted 14 percent on Thursday after slashing in half itsprofit and sales forecasts for the percent; News Corp was down 8.7 percent; GE, 6.6 percent; and CBS, 6.29percent. Likewise, Disney, Time Warner and Viacom were also down nearly 6percent.

24/10/2008

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Media Companies Have Another Bad Day On Wall Street