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Last week in media: CBS and Viacom nearing re-merger, Mediaset driving pan-European streaming service

2019-08-05 07:05:00| Telecompaper Headlines

(Telecompaper) Consolidation was driving the broadcast segment, last week, but not the share prices. The Telecompaper Stock Index Global Media ended the week down 3.6 percent, versus a loss of 3.1 percent for the S&P 500. Several broadcasters were down sharply, including Zee Entertainment (-15%), TV Azteca (-15%), Nippon TV (-12%), Tokyo Broadcasting (-8.3%) and Atresmedia (-8.0%). Gannett ended up the week's winner, up 10 percent.

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