during an investor call, was “untenable” as Disney made suggestions in the market that it planned eventually to make its sports content available more fully for streamers in stand-alone fashion.
Indeed, Winfrey argued that Charter was prepared to “pivot” from traditional agreements so that subscribers had more options about the programming packages they wanted to take, and more control over the networks for which they paid. Shares of Charter were off nearly 3% Friday afternoon, falling $12.77 per share to $425.40. Meanwhile, Disney stock slipped 2.2%, or $1.83 a share, to $81.83 per share.
Paramount Global stock dipped 7.59%., or $1.14 a share, to $13.95. Shares in Comcast, owner of NBCUniversal, fell 2.28%, or $1.06 a share, to $45.70. Warner Bros. Discovery stock tumbled 10.16%, or $1.34 a share, to $11.82. Shares in Fox Corp. were off 5.66% or $1.87, to $31.19.
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