America’s leading media stocks have seen massive falls in the value as the Dow Jones index continues to suffer a major fall as anxiety increrases over deficits and growth.

Most of the USA’s cable stocks fell back on September 22nd. Time-Warner was the exception (up 1 per cent) but its stable-mates all suffered: Comcast down 3.8 per cent, Charter down 3.7 per cent, Cablevision down 3.34 per cent.

The two DTH players were not exempt with Dish hurting the most by falling 3.3 per cent. DirecTV did reasonably well, falling just 1.4 per cent.

However, the programme makers also suffered, with Viacom one of the worst fallers (down 6.5 per cent) on its statement that Q3 ad-revenues were suffering. Disney fell 6.5 per cent, while News Corp and Discovery were both off about 3 per cent.

Other posts by Chris Forrester:

1. SpaceX claims 5G interference from Dish Network
2. Musk shows no mercy
3. Intelsat looks to wrap bankruptcy claims
4. Bank: Video games weathering recession
5. Bank: “Difficult to make Starlink work financially”
6. Disney+ and Netflix: Ads to the rescue?
7. Ariane 6 delayed again
8. Bank: SES has begun recovery
9. Bank: Concerns for Eutelsat over Russian exposure

Categories: Blogs, Business, Inside Satellite