Lions Gate Falls as Comcast Weighs Dropping Its Cable Channels
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Lions Gate Entertainment Corp. fell to a fresh multiyear low following a report that Comcast Corp., the largest U.S. cable service, may drop the company’s networks from its main lineup.
Lions Gate, which owns the Starz and Encore channels, slumped as much as 9.2% to $8.63, continuing a long slide in the stock. The shares are trading at their lowest level since January 2012.