Market meltdown blasts caps

November 19, 2008 With a little more than a month of trading to go in 2008, sector biggies have lost tens of billions of dollars in market value, and some see their stock trading at prices in the single digits. Amid the decline, Disney has cemented its lead as the most valuable entertainment conglomerate, followed by Time Warner, Sony and News Corp., which about a year ago was at the top of the table with a market cap of $68 billion. Among the major conglomerates, stock price declines since the midyear point (before the start of the financial crisis) range from 36% in the case of Disney to 72% in the case of CBS, which along with corporate sibling Viacom has seen its market value drop below the $10 billion mark.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.