NEW YORK—Shares of major media companies wavered Wednesday morning, as investors anticipated that the Federal Reserve will cut its benchmark fed funds rate by a quarter-point, but will also signal a hold on further reductions.
Here's how shares of some major media companies were performing Wednesday morning:
Walt Disney Co., down 7 cents to $32.69.
Time Warner Inc., down 19 cents to $15.08.
News Corp., up 33 cents to $18.56.
New York Times, up 3 cents to $19.64.
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