Reversal for media shares
Viacom leads decliners as sector skids
By David B. Wilkerson, CBS.MarketWatch.com
Last Update: 10:38 AM ET Aug. 20, 2002
NEW YORK (CBS.MW) - Media and entertainment shares declined Tuesday morning, led by Viacom, as the sector followed the erratic broader markets lower in a reversal of Monday's advances.
Viacom (VIA.B: news, chart, profile) fell 91 cents to $42.10; Walt Disney Co. (DIS: news, chart, profile) gave up 19 cents to $16.45; Sony (SNE: news, chart, profile) lost 40 cents to $44.18; and News Corp. (NWS: news, chart, profile) stepped back 40 cents to $23.23.
Reversal for media shares
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