Viacom’s specific issues aside, some investors now are looking for bold moves to fix vulnerabilities in TV, in particular cord-cutting and the emergence of “skinny bundles,” new pay TV offerings that provide fewer channels at a lower price. “Sector sentiment has changed — some would say permanently,” warns Craig Moffett of MoffettNathanson. Echoes Todd Juenger of Sanford C. Bernstein, “No one wants to get back involved until they find a bottom.”
Source: Wall Street Turns Off TV: How to Fix the Stock Slide – Hollywood Reporter – Hollywood Reporter