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Cable Stocks Get Thumped

Concerns over a potential slowdown in global economic growth and declining U.S. consumer confidence thumped the Dow Jones Industrial Average Tuesday, pummeling several industry sectors, including cable. On the cable side, the biggest declines were in the programming sector, led by a trio of Liberty Media tracking stocks -- Liberty Capital, down 6.3% ($2.82) to $41.85 per share; Liberty Interactive, down 6% (68 cents) to $10.71 each and Liberty Starz, down 3% ($1.63) to $52.35 each.

Other big decliners were Discovery Communications, down 5.3% ($1.98) to $35.46; Viacom, down 4.6% ($1.73) to $36.10; Scripps Networks Interactive, down 4.2% ($1.79) to $41.30; News Corp., down 3.7% (54 cents) to $14.11; Time Warner Inc., down 2.9% (88 cents) to $29.63; and The Walt Disney Co., down 2.8% (92 cents) to $32.30 per share.



Read the whole story at Multichannel News »

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