As another wave of mergers looks set to alter the media and entertainment landscape, Wall Street investors seem enamored with the prospect of major change in the often beaten-down sector.
Today’s stock market action offered abundant signs of the fever. On a day when the Nasdaq and S&P declined and the Dow 30 managed a meager 58-point gain, shares in Disney, Fox, Comcast, Viacom, Time Warner and CBS all surged between 1.5% and 5%. Discovery shot up 7% and AMC added 6%…![]()
