TV Stocks Down Amid Panic Over Brexit

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After a vote that the United Kingdom should exit the European Union, the U.S. stock market dove, taking TV stocks down with it.

The Dow Jones Industrial Average fell more than 400 points in morning trading.

Among the TV stocks most affected was Discovery Communications, down more than 6%, and 21st Century Fox, down more than 4%. Both companies have big overseas operations.

Related: Analyst: Brexit Could Delay IT Investment

Read more at B&C. 

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.