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Media Companies Bruised After Monday Tumble

Sep 29, 2008  •  Post A Comment

Media companies didn’t come out of today’s Wall Street nosedive unscathed, Broadcasting & Cable reports. The worst one-day drop in history brought News Corp.’s shares down from $12.07 to $1.18 per share. Shares for Time Warner Cable and Disney were down 6.3% and 9.2%, respectively. CBS and Viacom also felt the burn with shares dropping 7.14% and 7.8%, respectively.
—Christopher Perez

2 Comments

  1. Um, guys?
    News Corp was down BY 1.18, ending at 12.07, NOT down TO 1.18
    Losing 80-something percent of its value in one day would make make citadel look like a Blue Chip.

  2. Nice catch, CA. Not so great fact checking, B&C. It’s headlines like that that induce 40-storey plummets from stockholders.

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