The stock market had one of its worst days ever before and also media firms were dragged lower in the downdraft.
On a day when the Dow Jones Industrial Average signed up an 831 point decrease, standing for a 3.15% decline, the majority of firms in the TV company were likewise down by a comparable margin.
A large exemption was generally high-flying Netflix, whose stock was down 8.38% to close at $325.89.
Amongst the network proprietors, 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 also Viacom was down 2.65%.
Much less hard hit were 21st century Fox was down 1.90%, Discovery, which has actually been obtaining favorable testimonials from Wall Street experts lately, was down 0.93%.
Amongst the station teams Gray Television dropped 4.33%., Nexstar was down 3.52% as well as Sinclair Broadcast Group fell 3.22%.