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Media Stocks Swoon With AMC Entertainment, Nexstar, Dish, ViacomCBS In Double-Digit Decline

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Media stocks plunged amidst general carnage in the markets Monday with movie theater shares – AMC Entertainment, Cinemark, National Cinemedia, hard hard hit but declines across sectors from b…

, Cinemark, National Cinemedia, hard hard hit but declines across sectors from broadcasting to entertainment to satellite. The tech sector was down 20% from its all time-time.

The DJIA fell 7.8% or 2,013 points – it’s worst point drop ever and the biggest percentage drop since 2008. The S&P 500 was down 7.6% and the Nasdaq lost 7.3%. Twitter fell 6.35% despite news that it made peace with activist investor Elliott Management, which had agitated for CEO Jack Dorsey to leave and other measures.

 

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AMC Entertainment Hires A Chief Strategy Officer, Seeks Alliances With Streaming Services WorldwideAMC Entertainment said Monday it hired Mark Pearson in the newly created role of chief strategy officer to lead strategy, business development, alliances and partnerships, including with streaming … GraceRandolph is this due to coronavirus or something else? Or all of the above? Lol
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