Shares of telecommunications companies were little changed. Meanwhile, Altice USA saw strong demand in its stock-market debut.
Altice raised $1.9 billion in an initial public offering that, pricing at $30-a-share, valued the whole concern at more than $23 billion.
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Viacom and Discovery Communications have seen their channels cut out of many "skinny" cable bundles but could hit back by offering entertainment-channels-only bundles without broadcast channels or expensive sports networks, said analysts at MoffettNathanson.
-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 22, 2017 17:08 ET (21:08 GMT)