Reversal for media shares

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    Reversal for media shares
    Viacom leads decliners as sector skids

    By David B. Wilkerson,
    Last Update: 10:38 AM ET Aug. 20, 2002

    NEW YORK (CBS.MW) - Media and entertainment shares declined Tuesday morning, led by Viacom, as the sector followed the erratic broader markets lower in a reversal of Monday's advances.

    Viacom (VIA.B: news, chart, profile) fell 91 cents to $42.10; Walt Disney Co. (DIS: news, chart, profile) gave up 19 cents to $16.45; Sony (SNE: news, chart, profile) lost 40 cents to $44.18; and News Corp. (NWS: news, chart, profile) stepped back 40 cents to $23.23.

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