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News: General

Stock Market Rises Except Media/Entertainment Companies

Friday, September 29, 2017   (0 Comments)
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From The Hollywood Reporter:

While the Dow Jones Industrial Average has surged 13 percent so far this year, 32 of the 50 media stocks tracked by The Hollywood Reporter have not matched that gain, with the carnage spread mostly among the companies focused on movies and television...

“Old media is fighting hard to protect legacy business models, rather than working backwards from consumer needs,” says Ben Weiss, chief investment officer at 8th & Jackson Capital Management.


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