The stock market had one of its worst days ever and media companies were dragged lower in the downdraft.
On a day when the Dow Jones Industrial Average registered an 831 point drop, representing a 3.15% decline, most companies in the TV business were also down by a similar margin.
A big exception was usually high-flying Netflix, whose stock was down 8.38% to close at $325.89.
Among the network owners, AMC Networks was down 3.85% The Walt Disney Co. was down 3.45%, Comcast was down 3.27%, CBS was down 3.22% and Viacom was down 2.65%
Less hard hit were Twenty-First Century Fox was down 1.90%, Discovery, which has been getting positive reviews from Wall Street analysts lately, was down 0.93%.
Among the station groups Gray Television dropped 4.33%., Nexstar was down 3.52% and Sinclair Broadcast Group fell 3.22%.
