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Media stocks hold up well in Street sell-off


June 06, 2008 Of the major indexes, the Dow Jones Industrial Average was hit hardest, dropping 395 points, or 3.1%, narrowly undeperforming the S&P 500 and the Nasdaq. Leading the Showbiz 50's charge to the downside was Carmike Cinemas, off 9.4% to $7.37. Entercom -- and the radio sector as a whole -- was the subject of a Citigroup report June 5noting that overall ad revenue for the industry fell 7% in the first quarter.

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