Feb. 3 at 3:16 PM
$TRI PARIS/LONDON/AMSTERDAM (dpa-AFX) - In addition to a weak outlook from advertising group Publicis, slumps in share prices for Relx and Wolters Kluwer weighed heavily on the European media sector on Tuesday. Shares of the two specialist publishers fell by up to 12 percent following the release of an AI-powered productivity tool for corporate legal departments by the US company Anthropic. This marked the end of the months-long slide in the share prices of both companies. Wolters shares reached their lowest level since March 2021.
The share price decline also extended to companies considered at risk of being displaced by AI. These included other information service providers such as London Stock Exchange, Pearson, and the US data provider Thomson Reuters. Thomson's share price was down more than nine percent in pre-market trading. On the Frankfurt Stock Exchange, Springer Nature shares recently lost 3.3 percent, approaching their record low from April. /tih/la/jha/
