Call it the “COVID-19 Limbo Rock.” With some asking Wall Street, “How low can you go?,” investors on Wednesday largely abandoned their positions in many of the media industry’s biggest companies.
With the Dow 30 off 6.3% to 19,898.92 and the Nasdaq down 4.7% to 6,989.84, some familiar radio companies’ shares are in unfathomably low pricing funks.
