January 25, 2023
Legacy Media Stocks Pulled Down By Snap's Ad Warning
- by Wayne Friedman , May 24, 2022
Signaling a wider macro-view of a possible slowdown in advertising, traditional TV-based media companies' stock prices declined sharply after social media platform Snap said on Tuesday it is seeing a steepening deceleration of its digital ad revenues.
Warner Bros. Discovery closed down on the day 7.8% to $16.86 and AMC …
