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While the sector didn’t need another catalyst beyond cautious remarks from executives during conference calls to discuss earnings, it got another one on Thursday in the form of an unusually bearish research note from Bernstein analyst Todd Juenger. The brokerage now has...

The decrease followed a downgrade of the stock to “market-perform” from “outperform” by Bernstein Research analyst Todd Juenger, who cited broader declines in pay-TV subscriptions and TV advertising revenues. The shares were sold at an average price of...