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Communications Services Up As Investors Return To "Stay-At-Home" Bets -- Communications Services Roundup

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07/01/2020 | 05:11pm EDT

Communications services companies rose as investors hedged their bets on the outlook for consumer behavior in the U.S. Rising Covid-19 case counts and hospital censuses in many major states spurred demand for "stay-at-home" stocks such as Netflix and Zoom Video Communications, both of which hit all-time highs Wednesday.

Fox News fired Ed Henry, the co-anchor of its weekday morning program "America's Newsroom," after receiving a sexual-misconduct complaint against him from a former employee, the network's executives said.

With animated television shows helping networks as the coronavirus pandemic has stopped production of live-action shows, ViacomCBS unit Comedy Central has news: the return of "Beavis and Butt-Head."

An "expansive deal" with creator Mike Judge will bring back the series that first appeared on MTV, and will include spin-offs and specials.

 

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
FOX CORPORATION -7.29% 24.725 Delayed Quote.-33.30%
NETFLIX, INC. -1.48% 502.11 Delayed Quote.55.18%
ZOOM VIDEO COMMUNICATIONS, INC. 2.08% 272.9 Delayed Quote.301.09%
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