Media stocks were hammered for a second day Thursday as Viacom’s underwhelming earnings gave investors another reason to sell, after industry bellwether Disney earlier in the week trimmed a profit outlook due to more people cutting the cord on pay-TV packages. […] Questions around the death of pay TV are now front and center even if the size and pace of declines are likely being overstated by press and Street commentary,” wrote analyst Michael Nathanson of MoffettNathanson Research. – Ryan Nakashima, Associated Press via YahooTV

(Full Story:http://ift.tt/1eVXExi)