Q3 was a lousy period to own media stocks. The sector fell 11% in the three months that ended today, based on the Dow Jones U.S. Media Index. That wiped out the 3.4% gain in Q2 and 1.1% lift in Q1. By contrast, the S&P 500 fell 7% and the Dow Jones Industrial Average fell 7.6%.
Source: Media Stock Declines Accelerate In Q3 Amid Growing Fears Of Cord Cutting | Deadline