Just Pinned to Domestic and Global News: Media Stocks Tumble... Entertainment Stocks Tumble on TV Sub Losses Ad Trend Concerns 2:48 PM PDT 5/3/2017 by Etan Vlessing Big media conglomerates saw their shares sell off after Turner quarterly ad revenue disappointed and Hulu unveiled its live TV bundle and pricing. Media stocks got crushed on Wednesday as Time Warner earnings beat Wall Street expectations but its Turner TV network's advertising revenue disappointed and Hulu unveiled its live TV bundle and pricing. With analysts warning new digital platforms like Netflix and Hulu were undercutting broadcast profits 21st Century Fox saw its stock fall 5 percent to $28.35 Viacom was down 7.3 percent to $41.00 ahead of a second quarter earnings release on Thursday and AMC Networks tumbled 6.7 percent to $55.24. After Time Warner the media giant behind Warner Bros. HBO and the Turner TV networks that has agreed to be acquired by AT&T for $85.4 billion reported improved first-quarter earnings that exceeded Wall Street estimates its shares emerged from the broad market decline relatively unscathed to close Wednesday down 28 cents at $99.05. At the same time its Turner TV network disappointed as
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