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...Time Warner’s are down 15 per cent, while Walt Disney’s are off by a similar amount, on fears of slowing growth at its ESPN channel. By contrast, the S&P 500 is flat over the same period....
...More than $50bn was wiped from the market value of the S&P 500 Media Index, after Walt Disney cut growth estimates for its cable networks and companies including Viacom, Fox and CBS reported declining advertising...
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