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Media stocks slid a day after the Newspaper Association of America said ad spending fell 7% in...

Media stocks slid a day after the Newspaper Association of America said ad spending fell 7% in Q2. Spending on print ads declined for the 20th straight quarter, dropping almost 9%. Online ad spending rose for the sixth straight quarter, but still totals less than one-sixth print's total. GCI -6.8%, NYT -5.3%, MNI -3.2%, MEG -1.9%.
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