A look at yesterday’s media stock drops
On the day that the Dow dropped below 8,000 for the first time in five years, PaidContent.org took a look at how tech and media stocks fared yesterday. We’ve already been tracking many of these drops for you here, but seeing the one-day crash all in one place is sobering to say the least.
Here’s what’s on PaidContent’s list.
-- Yahoo was down yesterday 20.8 percent t $9.14 on Steve Ballmer’s most recent comment that Microsoft would not be making another take over offer.
-- Media General lost nearly 30 percent of what was left of its value, closing at $2.96.
-- McClatchy dropped nearly 22 percent to $1.51.
-- Google dropped 5.8 percent to $280 – relatively decent on a dark day.
-- New York Times Co. was down 10.3 percent to $6.35.
-- News Corp dropped 4.8 percent to $6.55.
Maybe today will be a better one?
