Media stocks melt down as Spectrum feuds with Disney and ESPN: ‘We’re on the edge of a precipice’

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The summer of media-industry disruptions continues with a carriage dispute between Walt Disney Co. and Charter Communications Inc., which runs the Spectrum cable service.

Disney-owned DIS channels, which include ESPN and ABC, went dark for Spectrum subscribers Thursday night, on a busy evening for sports, as the media companies duke it out over the future of their distribution deal.

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