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
'Thursday Night Football' Ratings Down From Thanksgiving 2016, Macy's Parade Steady, 'Young Sheldon' Up
'Coco' Now Higher With $74M+ Thanks To A+ CinemaScore; 'Justice League' At $61M+; 'Wonder' Wows At $32M+: Friday AM Update
Uma Thurman To Harvey Weinstein: "I'm Glad It's Going Slowly, You Don't Deserve A Bullet... Stay Tuned"
Denzel Washington & Dan Gilroy On Why 'Roman J. Israel, Esq' Never Left The '60s Behind - The Contenders Video
Latest Business News
- Time Responds To Donald Trump’s “Incorrect” Claims Of Turning Down Person Of The Year — Update
- YouTube Begins Purging “Non-Family Friendly” Content As Advertisers React
- Journalism Schools Rescind Awards Given To Charlie Rose In Wake Of Sexual Misconduct Accusations — Update
- Apple Investment In Original Video Will Reach $4.2 Billion By 2022: Report
- Exhibition Stocks Rise In Short Trading Session On Holiday Box Office Optimism
- Justin Goldberg’s Search For Long-Lost Twin Is Story Made For Hollywood