Since so many of my readers have investments in the companies they work for, I thought you might want to know how your investments stood as of Monday evening.
MarketWatch reported:
News Corp. and Viacom hit their lowest levels in more than four years, while CBS and Time Warner fell to one-year lows.
Here's my summary:
- News Corp. down 9.6%
- Viacom down 7.83%
- CBS down 7.14%
- Belo Corp. down 4.27%
- Time Warner down 9.22%
- Walt Disney Co. down 9.22%
- Gannett Co. down 6.59%
- New York Times Co. down 3.82%
- Media General down 4.33%
- Washington Post Co. down 4.18%
- McClatchy Co. actually rose 1.78% on news that a new debt agreement had been struck with lenders.
- Hearst-Argyle Television was only down 2.87%
- Meredith Corp. was down even less, only .69%
- Charter Communications down 2.38%
- Cablevision Systems Corp. down 5.47%
- General Electric Co., a Dow Industrial Average component and parent of NBC Universal, saw a 8.51% stock price drop Monday.
MediaPost reported:
One of the worst [media stocks] was the financially troubled broadcasting station company Young Broadcasting. The thinly traded stock lost almost half of its stock price -- 38 percent, or three cents -- to end up trading at five cents a share.
Two companies actually had positive days today: Nexstar Broadcasting Group was up 14.5 percent, or thirty-six cents, to $2.84. Another broadcast group, Saga Communications, grew 10.9% -- or 55 cents -- to $5.60 a share.
