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Media Stocks Slipped In Q2 On Cord Cutting & Ad, Box Office Concerns

Reports of surprisingly high pay TV cord cutting along with low ad and box office sales took a toll on media stocks in Q2, based on the price changes over the three-month period that ended today. The Standard & Poor’s Media Index dropped 2.0% while the S&P 500 rose 2.3%. And the Dow Jones U.S. Media Index fell 1.9% while the DJ Industrial Average appreciated 3.0%. Most of the media companies we track gave up some, but not all, of the gains they saw in Q1.
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