Media Blog

Barron’s Bullish on Media

Barron’s isn’t sharing the gloom:

“The reality is that the best-managed media and advertising stocks are unwarrantedly cheap,” Barron’s said. “If the media economy merely muddles through the next few years, new investors in it will have fatter wallets.”

Cable networks, in particular, represent a handily defensible business, and companies heavily exposed to cable fees, such as Disney, Time Warner (TWX) and, to a slightly lesser but significant degree, News Corp. (which has been hurt by its purchase of print-publication and wire-service-heavy Dow Jones in late 2007), are well-positioned to prosper as the industry’s technological and economic arrangements evolve.

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