• by Wayne Friedman , September 9, 2011

It was another wild up and down week for media and entertainment stocks.

The Dow Jones Entertainment & Media Index ended on Friday losing big -- 2.73% -- from the day before, to land 429.22 points down from 438.58.

By way of comparison, the broader Dow Jones Industrial average was down virtually by the same amount -- 2.69%, 303 points, to 10,992. Most of the concern for the bigger stock market companies is over European economies.

Big-name stocks took it on the chin: CBS was among the biggest losers, dropping 4% to settle at $22.14 a share; Time Warner also lost big, 3.2% to $28.89. Walt Disney gave back 2.9% to $31.04; Viacom was down 2.6% to $54.61; Comcast was down 2.4% to $20.91; and DreamWorks went south 3.8% to $18.55.

News Corp, which has a more diverse media portfolio, had a better time of it -- down 1.8% to $16.03. Lions Gate Entertainment also suffered less, 1.9% to $6.86. Sony Corp was down 2.3% to $19.63.

Some smaller media stocks were in the same position -- but did a bit better than bigger media companies. Belo Corp. was down 1.7% to $5.20; Meredith Corp. was off 1.4% to $23.49; Gray Television went south 1.8% to $1.61; and Fisher Communications lost 1.2% to $24.82.

Others had it a bit worse than the larger companies: Media General was down 7% to $1.99; LIN Broadcasting gave up 4.7% to $2.62; and E.W. Scripps sank 4.7% to $7.25.

One of the few gainers was Sinclair Broadcast Group, up 2.7% to $7.19.