The Edge on Why Major Media Stocks Are Struggling – Companies such as Fox, Disney, Netflix, Time Warner and Viacom once seemed indomitable, but now are they abominable?

The Edge on Why Major Media Stocks Are Struggling – Companies such as Fox, Disney, Netflix, Time Warner and Viacom once seemed indomitable, but now are they abominable? By Lou Carlozo, Staff Writer U.S. News & World Report: Assuming the late Marshall McLuhan could retool his famous maxim, “The medium is the message,” he might look at the stock market and quip: “The message is the media, and it’s ugly.” Media companies that have performed well this year now hang on to future gains by a thread. Or make that a cord.  Observers say that anxiety over the grim prospects of cable TV – known anecdotally as “cutting the cord” – lie at the heart of last week’s stock stumble. Major media...