Mostly down Q1 for media

April 02, 2007 However, there also were some standouts that moved higher, including conglomerates Sony Corp., News Corp., the Walt Disney Co. and Liberty Capital as well as cable operator Cablevision Systems and satellite TV firm EchoStar Communications. Music stocks, meanwhile, were in free fall early this year as sector watchers expressed doubts about digital music sales' ability to make up for declining album sales and concerns about weak release schedules. Prudential Equity Group analyst Katherine Styponias reiterated last week her bullish thesis on Disney, touting the success Disney is having at leveraging the content of ESPN and the Disney Channel across multiple platforms.

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