Are Media Stocks Spooked By Disney?


    U.S. financial markets tumbled on Tuesday, with the Dow Jones Industrial Average sliding 234.35, to 21,753.31 and the Nasdaq Composite index dipping 59.76, to 6,375.57. While worries regarding North Korea’s most recent tests of a weapon of mass destruction could be impacting the global financial markets, media stocks are down and some believe it is tied to  The Walt Disney Co. ‘s aggressive acceleration of a shift to streaming TV, led by its ESPN unit.

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    Are Media Stocks Spooked By Disney?

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