Media company stocks fell sharply as the stock market
reacted to concerns over moves by the Federal Reserve Board and the Chinese
The Dow Jones Industrial Average closed down 2.34% at 14,758
Thursday, a 353.87-point decline, and many companies in the TV business
recorded even bigger drops.
Comcast dropped 3.23% to $38.91 a share and CBS slid 4% to
Time Warner, Discovery Communications, Cablevision Systems,
Crown Media, Viacom, Disney, Scripps Networks and Time Warner Cable all fell
between 2% and 3% in the selloff.
dropping was high-flying Netflix, which dropped 3.78% to $223.50.