Wall Street Journal: Stocks slumped on Thursday in a selloff led by shares of media companies, which have reported a flurry of disappointing earnings amid concerns about the shift away from traditional television. Shares of Disney tumbled for a second day after CEO Bob Iger late Tuesday noted subscriber losses at ESPN. “Media stocks are getting slaughtered. It’s been the long-running fear that we would eventually see cord-cutting. Everyone thought it would be a slow-moving train wreck, but Disney’s comment woke people up.”