Media Bosses Talk Cord Cutting, Stock Values

CNBC: Mike Fries, CEO and president of Liberty Global, whose stock has been somewhat less affected over recent months, said he agrees in principle that the selloff of media and entertainment shares has been overdone. “I think it’s a healthy thing at some level, a bit of a wakeup call for some media companies that maybe they need to take this more seriously,” he said. “Some companies are very well positioned, other media companies, traditional content players, maybe not so much.”