Media stocks take larger hit in yesterdays drop
E&P notes that yesterday’s drop in trading hit media companies a bit harder. Here’s the numbers they present: Dow -4.3% S&P 500 -4.8% Nasdaq -5.1% A.H. Belo -3.48% Gannett -5.59% Journal Communications -5.94% Lee Enterprises -15.96% McClatchy -9.66% Media General -2.93% New York Times -7.56% E.W. Scripps -5.62% Washington Post -6.21% H/t: Tom Spurgeon