The media industry closed the day up 2.3%. SearchMedia Holdings ( IDI), Spanish Broadcasting System Inc ( SBSA), Media General Inc ( MEG), and AMC Networks Inc ( AMCX) were all decliners today within the media industry with Cablevision Systems ( CVC) being today's featured media loser. Cablevision Systems fell 16 cents (-0.9%) to $17.04 on average volume. Throughout the day, three million shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3.6 million shares. Cablevision Systems Corporation, through its subsidiaries, operates as a telecommunications, media, and entertainment company. Cablevision Systems has a market cap of $5 billion and is part of the services sector. The company has a P/E ratio of 11.8, below the average media industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 48.3% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.
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