• by Wayne Friedman , October 13, 2014

The “hits” keep coming for big media companies -- unfortunately with regard to the current stock-market woes. 

Following big losses last week, Wall Street took more heavy blows on Monday. Dow Jones Industrials lost 1.4% -- over 223 points -- to end at 16,321. Broader indices tallied losses at the same level: Nasdaq dropped 1.5% -- 62.58 points -- to 4,213; and the S&P500 lost 1.7% -- 31.39 points -- to 1,874.

Many media companies took on worse declines, percentage-wise:  

Discovery Communications was down 3.3% to $33.91, while Viacom dropped 3.2% to close at $68.22. Dish Network gave back 3.3% to end at $59.61.

Twitter lost 3.8% to land at $48.49; and Netflix sank 3% to get to $438.58. Two other big digital media players did a bit better -- Google was down 1.9% to close at $544.75. Facebook actually eked out a gain -- 0.1% -- to $72.99.

More of the broadcast TV network-based companies fared in the middle of the pack in the media/TV category -- but deeper than the big stock market indices overall: Comcast was down 1.9% to $51.64; 21st Century Fox gave up 2% to $30.91; CBS also went negative by 2% to $49.91; and Walt Disney lost 2.7% to close at $83.73.

Smaller independent cable network groups could not avoid the bearish market: Scripps Networks Interactive lost 1.2% to $72.79. AMC Networks was 1.8% lower to $52.75.

TV station company Sinclair Broadcast Group was one the few in the category to make a gain on the day, up 1% to $24.18. TV station group Nexstar Broadcasting also improved a bit, 1.4% higher to $36.97.

But Tribune Media went in the negative direction, off 24% to close at $57.00. In addition, Gannett took a step backwards -- down 3.4% to close at $26.34. Media General slipped 0.4% to $12.66.

Other satellite and cable TV distributors lost as well: DirecTV, 1.4% lower to $85.05; Cablevision down 1.4% to $17.24; and Charter Communications giving up 2.3% to $144.65.

"Stock Market Board" photo from Shutterstock.