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Media, entertainment stocks continue to outperform


July 31, 2009 In July, The Hollywood Reporter Showbiz 50 index rose 8.7%, besting the 7.4% gain on the S&P 500, the 7.8% gain on the Nasdaq and the 8.6% gain on the Dow. Leading the index higher was beaten-down TV station owner Belo, a company that reported Friday a 61% drop in quarterly profit. Liberty Media notched a 35% gain in July and was the second best performer, followed by Crown Media (22%) and British Sky Broadcasting (21%).

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