Newspaper Stocks Take a Plunge

Julie Moos reports on the stock of major media:

Stocks fell across the board Thursday in the worst day of trading since 2008. The drop was fueled by a global credit crisis and a weak U.S. economic recovery, with the expectation that Friday’s jobs report will add to the worries. The Dow fell 4.3 percent, the S&P 500 fell 4.8 percent, and the Nasdaq fell 5.1 percent. Most media stocks took a larger hit than the market as a whole.

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