When Gil Scott-Heron uttered those famous words over that legendary drum pattern and base line, he was speaking upon the tumultuous social environment in the United States, not about the most recent stock price drops of companies in the television industry.
The primary media giants suffered these loses were Disney (DIS), 21^st Century Fox (FOX), Viacom (VIAB), CBS (CBS), and Time Warner (TWC). Currently, none of these companies have Zacks Rank grades of 1 or 2, meaning these stocks are not “Buys” or “Strong Buys.” Disney, Viacom, and Time Warner currently have Zacks Rank #3 (Hold) grades, CBS has a Zacks Rank #4 (Sell) grade, and Fox has a Zacks Rank #5 (Strong Sell) grade.