Investors who bet on media should have warm memories from Q2. The Dow Jones U.S. Media Index rose 6.0% in the quarter vs. the Standard and Poor’s 500 which was +2.4%. Sony led the Big Media pack with its share price rising 21.8% in the quarter. It was followed by Disney (+11.2%), Viacom (+10.7%), News Corp (+6.8%), CBS (+4.7%), Time Warner (+0.3%), and Comcast (-0.5%). More broadly in media, TV station owners were among the biggest winners led by Sinclair (+44.8%) and LIN (+39.2%). Others that paid off in the quarter include DreamWorks Animation (+35.3%), Pandora (+29.9%), E.W. Scripps (+29.6%), Live Nation (+25.3%), and Best Buy (+23.4%). While most gained, the sector had a hodgepodge of losers including newspaper publisher McClatchy Co (-21.4%), TiVo (-10.8%), Apple (-10.5%), IMAX (-7.0%), AOL (-5.3%), Cinemark (-5.2%), and Discovery (-1.9%).
Sony And TV Stations See Biggest Gains Among Media Stocks In Q2
What's Hot on Deadline
TLC "Deeply Saddened" As It Pulls All Episodes of '19 Kids And Counting' In Wake Of Child Molestation Allegations - Update
'Jurassic World' Tracking Like 'Man Of Steel' - But How Many $100M+ Openings After That In Summer 2015?
Latest Business News
- Point.360 To Acquire Troubled Postproduction House Modern VideoFilm
- Time Warner Cable Nears A Decision On A New Merger Deal – Reports
- ‘Tomorrowland’ & ‘Poltergeist’ Rise In Matinees – Box Office Friday
- Hollywood Teamsters Reach Contract Deal With Basic Crafts Unions
- Martha Coolidge: Blaming DGA For Lack Of Female Directors Is “Dangerous Side-Path”
- Ava DuVernay & Eli Roth Added To PGA’s Produced By Conference