It comes as no surprise that cable stocks fared far worse than the Dow and NASDAQ last year. But we were surprised by just how bad the numbers actually were. None of the MSOs could come close to the Dow’s 17% drop; and only 1 MSO fared better than NASDAQ’s 33% decline (that was Cox [COX], which dropped 31%). Only 5 stocks CableFAX follows each day finished the year better than they started; and a whopping 19 stocks posted losses greater than 75% in ’02. Not surprisingly, cable vendors and tech companies were the hardest hit. Sony [SNE] was the best performing "tech" stock even with its 10% drop. More than 1/2 of the tech stocks we cover (25 of 39) posted losses bigger than 50%. Programmers seemed to fare the best, with Scripps [SSP] (+13%) and Fox [FOX] (+1%) actually showing gains. Crown [CRWN] (-79%), On Command (-77%) and New Frontier [NOOF] (-69%) were the poorest performing programmer stocks.

The Daily

Subscribe

Ratings

TNT’ s “AEW: Dynamite” dominated the ratings Wednesday as the nights #1 cable program for 18-49s for a second consecutive week. The pro

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.