Call it the Disney swoon. When the world’s largest media company burbs, everyone feels indigestion. Shares of the Star Wars maker were down about 4.2% midday Wednesday to $102.11, dragging down rival media conglomerates Time Warner and 21st Century Fox , which both fell about 1%. CBS was losing 1.5%. The declines came despite all three companies having reported quarterly earnings last week that beat analyst estimates.
Source: Disney’s (DIS) Woes Ripple Through Media Stocks – TheStreet