How low can they go? Big media stocks hammered by industry headwinds and Hollywood’s M&A dilemma

As always, the numbers tell the tale. At the half-year mark, 2024 has been a brutal ride of double-digit stock price declines for traditional media giants with the exception of Disney and Fox Corp. Big Tech and Netflix, on the other hand, have swelled with double-digit gains year to date.

So why aren’t the well-heeled Silicon Valley and Seattle crowd swallowing up vulnerable media companies at long last? That would seem to be the natural order of things for industries that have been inching into each other’s businesses for three decades.

Read more