Cord-Cutting Concerns Pull Rug From Under Media ETF
August 06, 2015 at 14:07 PM EDT
Disappointing second quarter earnings results from a handful of broadcast companies and concerns over consumers ditching paid TV services have sent the media exchange traded fund plummeting. The PowerShares Dynamic Media Portfolio (NYSEArca: PBS), which tracks U.S. media companies, plunged 4.0%...