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› Last week in media: Netflix leading the sector down, exceptions included Gannett, AMC Entertainment and the NENT Group
Last week in media: Netflix leading the sector down, exceptions included Gannett, AMC Entertainment and the NENT Group
2019-07-22 07:00:00| Telecompaper Headlines
(Telecompaper) Earnings season kicked off in a negative way with Netflix reporting disappointing net additions, although its Scandinavian peer the NENT Group faired much better after reporting. The Telecompaper Stock Index Global Media ended week 29 down 2.9 percent, versus a loss of 1.2 percent for the S&P 500. Most stocks in our index were down for the week, but there were two double digit winners: publisher Gannett (+16%) on merger talk and theatre chain AMC Entertainment (+11%) apparently on a bullish analyst report. ComScore (-17%), Netflix (-16%) and Snap (-10%) should have been avoided last week.
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