US Media Stocks Dip Following China Market Rout

Los Angeles Times: U.S. media stocks declined on the first trading day of 2016 amid broader market concerns over the Chinese economy that hammered Wall Street. Shares of major media and entertainment firms such as Disney, Viacom and 21st Century Fox fell 2% to 3% in midday trading Monday, as both the Dow Jones industrial average and the Standard & Poor’s 500 slid more than 2%.