Media stock selloff leaves Wall Street bruised| Reuters
Aug 07, 2015 at 02:45 | Source:
Wall Street ended sharply lower on Thursday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis.The selloff was compounded by ne...
Wall Street slides with media shares; payrolls eyed| Reuters
Aug 07, 2015 at 02:15 | Source:
NEW YORK Wall Street fell on Thursday as biotech stocks sank and as fears that more viewers are ditching cable TV sent media companies' shares sharply lower.The Dow Jones industrial average .DJI fell 120.72 points, or 0.69 percent, to 17,419.75, the ...
Viacom revenue miss adds to concerns over U.S. cable companies| Reuters
Aug 07, 2015 at 01:30 | Source:
Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industr...
Wall Street falls as media stocks slump; jobs data awaited| Reuters
Aug 06, 2015 at 23:45 | Source:
REUTERS - U.S. stocks fell on Thursday as a spate of poor earnings reports from media companies added to investors' nervousness ahead of a key jobs data that could provide clues regarding the timing of a rate hike.Walt Disney's shares fell 4.2 percen...
Reliance Jio gets pan-India provisional nod for TV content distribution
Jun 22, 2015 at 15:38 | Source:
New Delhi: RIL today said its subsidiary Reliance Jio Media has received provisional registration from the government to operate as multi service operator at pan-India level in digital cable TV space."Reliance Jio Media Private Limited, a subsid...