AT&T-Time Warner ruling gives a green light to media companies to consolidate

The ruling, which came just after the market closed, boosted most media stocks. Fox shares, which closed Tuesday at $ 40.54, jumped 7% in after-hours trading. CBS shares, which closed at $ 52.38, jumped 5% after markets closed. Comcast shares closed at $ 32.38 and dropped nearly 3% in after-hours trading. Disney shares, which ended the regular session up at $ 104.33, dropped about 1.5% on Tuesday evening.

ENTERTAINMENT – Los Angeles Times

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