Media Companies Are Having Their Worst Year in Three Decades

TV networks are losing viewers and advertisers at an alarming rate while streaming services are hemorraging billions of dollars.

A monitor with Walt Disney Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 9, 2022. US stocks declined following midterm elections that failed to yield a Republican sweep. Treasuries and the dollar caught bids in a sign of deteriorating risk sentiment.Photographer: Michael Nagle/Bloomberg

We’re doing a special edition because of the media bloodbath on Wall Street this week. Investors are freaked out about the state of the entertainment business, and hopefully we can do a decent job of explaining why that is.

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