. >> reporter: something bad is mapping on mike hopkins -- happening on mike hopkins' central valley farm. the problem he said began about eight years ago when the leaves of his newly planted cherry orchard started turning brown. soon the almond trees followed. >> we started doing water tests, soil tests, tissue tests dig holes trying to find out where the problem was. >> reporter: the water test provided a clue. >> it is more contaminants in it, chloride, about high in salts, boron and other elements that normally we wouldn't find at levels that were harmful to trees. >> reporter: his irrigation water contained the very same salty compounds found in the wastewater produced by dozens of nearby oil wells. 10 barrels of wastewater come up with each barrel of oil and most of it is injected back into the ground. state regulators told mike this wastewater injection well right across the street from his farm couldn't be to blame because it's been abandoned for years, but it turns out abandoned wells can be a problem. >> that acts as essentially a chimney. >> reporter: patricia olivr is sui

. >> reporter: something bad is happening on mike hopkins' central valley farm. the problem, he says, began about 8 years ago when the leaves of his newly planted cherry orchard started turning brown. soon the almond trees followed. >> we started doing water test, oil tests, tissue tests, digging holes, trying to find out where the problem was. >> reporter: the water test provided a clue. >> it had more contaminants in it color hide, salts, boron -- chloride, salts, boron, other minor elements normally we wouldn't find at levels that were harmful to the trees. >> reporter: his irrigation water contains the very same salty compound found in the waste water produced by dozens of nearby oil wells. ten barrels of waste water come up with each barrel of oil and most of it is put back in the ground. state regulators told mike this waste water injection well right across the street his farm couldn't be to blame because it's been abandoned for years. but it turns out, abandoned wells can be a problem. >> that acts as essentially a chimney. >> reporter: this woman is suin

mike hopkins.y're the latest entrants to the mpdds not really a skinny bundle for them. guys, i want to look at viacom because the quarter was not bad. in fact, generally a good quarter. the call is going on right now. there's mike hopkins coming up with us around 10:20 today. give me a look at viacom. down over 8%. now the call's going on. again, the numbers overall not bad. they outperformed certainly paramount's tv licensing fees were better than expected. operating income was better than many analysts had anticipated. revenue was up 8%. but on the call he's talking about cord cutting and he said we're seeing some softness too. now, i want to wait and see a lot more of what's being said here that is pressuring the stock but that may be part of it. you know, there are some execution differences going on in terms of the distributors. remember, the losses were mostly from dish, directv. not as much from comcast or charter although charter did have some as well. but bakish the new ceo is talking abo

by the way, speaking of huh will you, ceo mike hopkins, joining the ""squawk,"" a big interview, memisa, on the future of the media business. one we'll all be watching closer, guy, back over to you. >> certainly will. thank you, dom chu. the man behind the call of the day is here with us on set. craig moffett is here, a senior analyst, craig, thanks. is this the apocalypse? is this what it looks like at the beginning here? >> it wasn't our call. all we did was observe something is that i think our clients have seen throughout earnings season, right? which is that the ad numbers were weak on the media side and now you are starting to see really weak affiliate numbers and everybody thought that the affiliate numbers were going to be held up by these ott guys. >> that all of these virtual cable operators over the internet were the salvation of the media companies. suddenly realized, wait, that's not working. everybody is going down with the ship. you saw weakness in the media stocks. i think $12 billion of market cap, you saw another billion wiped out in satellite and telecom. there was