Fox, Discovery Lead Media Stocks Battered by Brexit

Deadline: Stocks for most media companies — especially those with extensive global operations — were reeling on Friday following Britain’s surprising vote to leave the European Union. All big media companies lost ground. Fox ended down 7.7%, followed by Discovery (-7.2%), Viacom (-5.6%), Sony (-4.8%), Time Warner (-3.2%), CBS (-3.8%), Disney (-3.3%) and Comcast (-2.1%).