News Corp., CBS and Sony hit 52-week lows

June 30, 2008 Viacom also went into free-fall mode and hit lows during the second quarter, hurt by a cable network advertising revenue warning and concerns about a possible loss of its DreamWorks partnership. Only 11 names on The Hollywood Reporter Showbiz 50 stock index finished first-half 2008 above their 2007 close, led by video game firm Take-Two Interactive, which Electronic Arts has been trying to buy. [...] most entertainment conglomerates are way off year-to-date, though Disney managed to do better than its peers (down 3%) as its theme parks have held up better than some had expected in a sluggish economy.

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