Media companies took a beating as the stock market plunged on renewed fears of a tariff war between the U.S. and China.
The Dow Jones Industrial Average fell nearly three points and most media companies were lower to a similar degree.
Netflix, weakened by its most recent earnings report that shows subscriber growth was less than expected, dropped 3.51%.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.