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News: General

Why Media Stocks Are Suffering A Meltdown

Thursday, August 06, 2015   (0 Comments)
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From Variety.com:

Credit: Variety.comThe two-day tumble of the media stocks was clearly an overreaction, because while the impacted companies reported nothing on their quarterly calls this week to inspire confidence in them, the selloff was way out of proportion to the scale of their bad news...

Even when the stocks rebound, pay TV isthe cloud that will be hanging over the media business for many years to come. The conglomerates will do their best to tout increasing diversification, international growth and innovations in addressable advertising, but they won’t do much to dispel the primary concern anytime soon. This is the new normal, so let’s all get used to it.

- Read the full article at Variety.com



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