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Media Stocks Keep Getting Pummeled

By Jim Cramer

 About this article:
 The endless assault on media and media-related properties appears to know no bounds. This morning Comcast seems about to take out its 52-week low and Time Warner is limping along at pathetic levels. One look at CBS is enough to show you that there may not be a pulse there even with a 3% yield and a good buyback. There's no upside in any of the newspapers, with New York Times , McClatchy and Gannett showing no lift. They all seem destined to go lower. Even Disney can't get out of its own way, and it is the least exposed to advertising. These declines are amazing. There seems to be no value whatsoever to these stocks, and no one will call a bottom. It is as if people feel that media is a wasting asset. The only bucker of the trend that...

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