Media, entertainment stocks fall off the cliff

Entertainment and media stocks have done so badly this year, one longtime industry watcher says "it largely debunks the theory that these industries do well in a recession."

So let's hear no more of the argument that in a recession we're staying inside reading newspapers and watching re-runs on free to air TV.

The stock falls are bigger than most sectors as this list shows:
GateHouse, down 99.55% in this calendar year McClatchy, down 93.6% Lee Enterprises, down 97.3% Journal Register Co., down 99.58% Media General, down 92.47%