Communications services companies rose as traders sought out high-risk sectors.
Montreal broadcaster TVA Group will lay off 31% of its employees as part of a plan to cease all in-house entertainment production and overhaul its news unit.
Walt Disney shares rose after the entertainment conglomerate said it expects to pay Comcast's NBCUniversal at least $8.61 billion for its stake in Hulu, as the companies continue complex negotiations over the future of the streaming video service.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-02-23 1813ET
