NEW YORK - Shares of entertainment media companies declined early Tuesday as jittery investors braced for the Federal Reserve's interest rate decision and more news on insurer American International Group Inc.
Worries about AIG have mounted after several ratings agencies trimmed their ratings on the company. Lower ratings can add to the amount of money the already cash-strapped company has to set aside.
Investors were also still reeling from Monday, one of the worst days on Wall Street since the Sept. 11 terrorist attacks in 2001, when the markets dealt with Lehman Brothers' bankruptcy news and Merrill Lynch & Co.'s sale to Bank of America Corp.
Time Warner Inc. slipped 31 cents, or 2.2 percent, to $13.81.
Viacom Inc. fell 36 cents to $26.26.
CBS Corp. shed 34 cents, or 2.1 percent, to $15.82.
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