RUMOR MILL
Friday, September 21, 2001
A WEAK WEEK FOR MEDIA AND ENTERTAINMENT STOCKS
Overall Market Has Its Worst Week
Since the Great Depression
Since the Great Depression
Money isn't everything. And that's good, because the U.S. stock market lost about $1.4 trillion dollars this week, making it the worst for the market since the Great Depression. Though the Dow Jones Industrial Average was up early in the day and a slight rally at the close erased some of the day's losses, the weeklong slide continued, with the Dow closing down 140 points for the day, and 14% for the week. The Nasdaq fell 47 points today.
Not surprisingly, entertainment industry stocks mostly followed the market, dropping throughout the week before Friday's closing bell put an end to the slide.
AOL/AOL 29.85 +0.60 +2.05%
ArtistDirect/ARTD 5.95 no change
Clear Channel/CCU 37.03 +0.23 +0.63%
Cumulus/CMLS 7.60 -0.24 -3.06%
Cox/CXR 19.54 -0.36 -1.81%
Disney/DIS 17.87 +0.89 +5.24%
EMI/EMI 305.15 (pence) +12.65 +0.83%
Emmis/EMMS 17.65 -0.25 -1.40%
Jacor/JCORZ 2.26 -0.08 -3.44%
Jefferson Pilot/JP 39.88 +0.28 +0.71%
Liquid Audio/LQID 2.17 -0.02 -0.91%
Real Networks/RNWK 3.34 -0.37 -9.97%
Radio One/ROIA 10.90 +0.87 +8.67%
Sirius/SIRI 3.42 +0.08 +2.36%
Sony/SNE 36.75 -0.81 -2.16%
Vivendi Universal/V 40.65 +0.14 +0.35%
Viacom/VIA 31.25 +1.47 +4.94%
