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

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.
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