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Communications Services Up On Growth Optimism -- Communications Services Roundup

10/18/2021 | 05:17pm EST

Communications services companies rose as traders rotated back into the sector amid optimism about earnings reports.

ViacomCBS Chief Executive Bob Bakish said uproar over some content is inevitable for major media companies, following outcry over a Netflix special by comedian Dave Chappelle.

Sinclair Broadcast Group, one of the largest owners of broadcast stations in the U.S., said it is working to contain a cybersecurity incident that disrupted some of its networks and had some of its servers and workstations encrypted with ransomware.

Television-station operator Tegna pushed back against Dish's Federal Communications Commission complaint alleging it acted in bad faith during recent carriage fee negotiations.

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

(END) Dow Jones Newswires

10-18-21 1716ET

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