Wall Street Turns Off TV: How to Fix the Stock Slide – Hollywood Reporter – Hollywood Reporter

Wall Street Turns Off TV: How to Fix the Stock Slide – Hollywood Reporter

When Walt Disneysneezes, the rest of Hollywood catches a cold. On Aug. 5, Viacom’s stock dropped 8 percent in a single day, even though the conglomerate didn’t do anything. But the day before, Disney, parent of powerhouse ESPN, had warned of slower growth in its media networks business. Over the next three days, roughly $60 billion was stripped from the…

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