Bloomberg: Three months ago, Disney’s darkened outlook dragged down media stocks. Now, it’s Time Warner’s turn. The owner of HBO and Warner Bros. dropped 6.6 percent to $72.20 at the close in New York, the most since Aug. 5, after lowering its 2016 earnings outlook. Viacom sank 6.6 percent, 21st Century Fox slid 5.2 percent. Disney fell 2 percent. Time Warner’s outlook for next year revived concerns about cord cutting.