Major media companies take a dive after Citigroup slashes its ratings on CBS (CBS -2.2%),...

|About: CBS Corporation (CBS)|By:, SA News Editor

Major media companies take a dive after Citigroup slashes its ratings on CBS (CBS -2.2%), Discovery (DISCA -1.7%), Disney (DIS -2.2%) and News Corp. (NWSA -2.2%) to Neutral from Buy. Time Warner (TWX -1.6%) also tumbles even after the firm hikes its price target on the company to $45 from $40.