August has been pretty rough so far on Wall Street. That includes media stocks which have seen losses this week as poor economic and jobs numbers weigh on investors.A number of the media stock declines include companies with Arizona ties.
Gannett Corp.
Inc. (NYSE: GCI) owns the Arizona Republic and USA Today newspapers and KPNX-TV Channel 12 in Phoenix. The Virginia-based media firm started the month at $12.88 per share, according to Yahoo Finance.Gannett’s stock closed Thursday at $11.32 — a $1.56 drop since Monday.
Rupert Murdoch's News Corp. (NASDAQ: NWS) owns KSAZ-TV Fox 10, Fox News Channel, Wall Street Journal, New York Post as well as Fox Sports Arizona.
News Corp.’s stock started August at $16.60 per share and closed Thursday trading at $15.04. That is also down $1.56 per share, according to Yahoo.
Mike Sunnucks writes about politics, law, airlines, sports business and the economy.