Scalper1 News
Media stocks continued their collapse Thursday, with investors worried that a day of reckoning is at hand for the pay-TV ecosystem. Walt Disney’s (DIS) warning late Tuesday over slowing revenue growth from affiliate fees, the payments media firms garner from pay-TV companies, set the sell-off in motion. Generally soft media earnings didn’t help. Disney shares fell 1.8% after losing 9% Wednesday. Over the past two sessions, Scalper1 News
Scalper1 News