The 10 Largest Media Companies Lost $55.3B In Market Cap In Yesterday's Crash

The market fell more than 500 points on Thursday, vaporizing trillions in company valuations.

The media industry was not immune.

Every one of the top 10 companies (as ranked in the 2011 Fortune 500 listings) fell. Some dropped significantly.

The total damage? A decrease in value of $55.236B.

(Since July 21, the market capitalization of the top 10 has fallen an astonishing $78.8B.)

via businessinsider.com