Cord-Cutting Weighs on Pay TV. Stocks of media firms with cable channels are hammered on subscriber losses

The Wall Street Journal reports:

Cable TV’s signal is getting shaky on Wall Street.

The latest round of earnings from major media companies is stoking fears that as more consumers drop their traditional pay-TV services, the long-term health of the industry’s biggest players will be threatened.

The growing unease about the state of the pay-television ecosystem was on display Wednesday, as media stocks were battered.

The share price of programming behemoth Time Warner Inc., which posted only modest 2% cable subscription fee growth in the second quarter, fell 9% in trading. Shares of Discovery Communications Inc. plunged 12%, even as the company highlighted its efforts to secure higher fees in what it called a U.S. TV market that remains “challenged.” Meanwhile, shares of 21st Century Fox and Viacom Inc. fell 7% and 7.5%, respectively, on Wednesday before the companies reported their own earnings results.

Maybe , Hillary will think of new way subsidize her campaign contributors.