The S&P 500 Media index fell 14% in August, a steeper loss than the S&P 500′s decline of 6.3%. Among the hardest hit stocks in the sector, Class B shares of Viacom Inc., the owner of MTV and Nickelodeon, tumbled 28% in August, while 21st Century Fox’s Class A shares fell 21%. Time Warner Inc., which owns channels such as HBO and TBS, and Walt Disney Co., which owns ESPN and ABC, were down 19% and 15%, respectively.
Source: Here’s How Media Stocks Fared During the August Roller Coaster – CMO Today – WSJ