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Media Names Weigh On Stocks; Disney, Viacom Fall

Stocks ended solidly lower Thursday, hurt in large part by worries over traditional media names.

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Viacom (VIAB) led the herd, sliding more than 14% as its second-quarter earnings report fueled fears that consumers are increasing cutting the cord with cable companies.

Although the quarter was relatively uneventful, its outlook—and investors’ confidence—took a hit in the quarter, as Pivotal Research’s Brian Wieser notes:

Viacom had a rough Spring, and guidance for the...