Media Stocks Prices Mixed On Tuesday After Monday's Wild Fall

Although the U.S. stock market lost another big chunk of its value on Tuesday, this time around there was a mixed picture among media stocks.

Netflix made up some ground from the drubbing the day before -- up 4.8% to $101.52. Facebook -- another big loser on Monday -- also rose, 1.1% to $83.00. 

New media stocks that were down included Twitter, which lost 3% to $24.38, and Google -- off 0.9% to $612.47.

Traditional media stocks, however, were in line with the market as a whole. CBS lost another 1.6% to land at $43.26; Sinclair Broadcasting Group, gave up 3.4% to $25.18; and Comcast Corp. slipped 1% to $53.85. 

Cable programming groups also gave up some ground. Discovery Communications was off 0.9% to $25.82, and Scripps Networks Interactive gave back 0.7% to $51.38. 



Time Warner was more or less unchanged -- down 0.2% to $69.69 -- while Walt Disney was up 0.6% to $95.89; 21st Century was up fractionally, 0.3% to $26.73, and Tribune Media was also at about the same level as Fox, adding 0.2%, to $38.10. 

AMC Networks bucked this trend -- as well as for all traditional TV programming companies -- soaring 5.6% to $69.26 for the Tuesday close. 

The day before AMC started up a major new TV programming series, “Fear The Walking Dead”, a prequel to its already big rated series “The Walking Dead”. “Fear” earned over 10 million viewers for its cable TV series premiere -- the highest start ever for a cable TV show.

Looking at some big pay TV providers had Dish Network down 0.7% to $57.83 on Tuesday; Charter Communications, 0.1% lower to $171.29; and Cablevision Systems Corp. off 0.3% to $22.59.

Major market indices started off sharply higher on Tuesday -- up over 350 at one point for the Dow Jones Industrial Index. But by days end the index gave up another 204 points, 1.3% to settle at 15,666. This comes after a day the Dow took on a nearly 600-point loss -- off 3.6%.

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