By Jill Goldsmith Media shares plunged Wednesday as stocks closed in official bear market territory in the face of a bona fide global coronavirus pandemic.
Investors punished stocks from Dish to Live Nation, Gray Television, Cinemark, National Cinemedia and AMC Entertainment with double-digit losses.
Shares of the latter two companies settled at, respectively, just under five bucks and just over three. Disney, which showed off new CEO Bob Chapek to shareholders at its annual meeting in Atlanta, saw its stock sink by 5.3%.
Apple, which closed all its retail stories in Italy today, was down by 3.5%. ViacomCBS, whose falling share price has been giving parent company National Amusements some angst, shed 3.5%.
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