Communications Services Down as Traders Hedge on Growth Views - Communications Services Roundup

Published: 2026-05-05 17:22:13 ET META

Published on 05/05/2026 at 05:22 pm EDT

Communications-services fell as traders hedged their bets on the outlook for growth in the sector.

Paramount Skydance shares fell as traders digested the Hollywood studio's earnings update.

A group of publishers, including Hachette, Macmillan and McGraw, filed a class action lawsuit against Meta Platforms, alleging the tech conglomerate illegally used their copyrighted works to source and train its AI platform. Shares of Meta fell.

Media investor James Murdoch is in advanced talks to buy Vox Media's "New York" magazine and podcast division.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

05-05-26 1720ET