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
'The Brothers Grimsby': Trailer Or Titillating Clip "Shown" On 'Jimmy Kimmel Live' – Which Works Better?
Latest Business News
- Obamageddon Is In Effect As POTUS Arrives In L.A. For ‘Ellen’ & Fundraisers – Update
- Les Moonves Says He Has “Free Rein” To Run CBS, But Likes “Stability”
- CBS Q4 Revenues Beat Expectations With 8% Growth In Network Ad Sales
- Pandora Media Shares Hit High Note On Report Of Sale Plans
- UK Hits ‘Star Wars’ Producers With Criminal Charges Over Harrison Ford On-Set Accident
- Fox And Dish Network Resolve Ad-Skip Dispute, Agreeing To 7-Day Delay