NEW YORK—Shares of major media companies jumped Thursday, as the broader market rallied on a rising dollar and falling crude oil prices.
Wall Street also cheered economic data showing consumer spending was higher than expected in March and U.S. manufacturing shrank less than anticipated in April. On a gloomier note, consumer spending got its biggest boost from rising food and energy prices.
Where shares of some major media companies closed on Thursday:
News Corp., up 64 cents, or 3.5 percent, to $19.14.
New York Times, up 48 cents, or 2.5 percent, to $19.98.
Walt Disney Co., up 87 cents, or 2.7 percent, to $33.30.
Viacom Inc., up $1.21, or 3.1 percent, to $39.92.
Time Warner Inc., up 80 cents, or 5.4 percent, to $15.65.
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