Communications Services Down on Flight From Risk - Communications Services Roundup

Communications-services fell on a flight from high-risk sectors.

A coalition of states is preparing to challenge Nexstar Media Group's planned $6.2 billion acquisition of rival broadcaster Tegna, in a move that would underscore the legal risks facing media mergers.

Shares of Paramount Skydance, which won the bidding war for rival Hollywood studio Warner Bros Discovery, are down sharply for the week, while shares of the losing bidder, Netflix, rose by roughly 4%.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

03-06-26 1713ET