Media Stocks Up Since Election, Digital Media Less So

Two months after the presidential election, media stocks continue to maintain sharp gains, with digital media companies showing more modest increases -- if at all.

The Dow Jones U.S. Media Index gained 10% to 821.41 from the stock market closing price November 8 through mid-day Monday trading, while the Dow Jones U.S. Broadcasting and Entertainment Index rose 11% during that period to 1217.57.

Walt Disney is 14% higher to $108.50 in mid-day Monday stock trading, with CBS rising 11% to $63.86; 21st Century Fox up 8% to $29.56; Discovery Communications adding 5%  to $27.05; and Viacom up 3% to $38.42.

Comcast Corp. improved 13% to $70.65. Charter Communications is also up 13% to $295.17 and Dish Network has risen 9% to $61.52.

TV station groups had much better results as a group overall, with Sinclair Broadcast Group soaring 25% to $32.75, Tribune Media gaining a strong 19% to $37.24, and Nexstar Broadcasting Group adding 22% to $60.45.

After some immediate losses following the election, digital/new media companies rose. But overall results are still lower versus other more traditional media -- including so called FANG Stocks -- Facebook, Amazon, Netflix, and Google (Alphabet Inc).

Facebook is now up a slim 1% to $125.21, with Amazon also inching up 1% to $796.61, Netflix gaining 5% to $130.86, and Google up 2% to $830.00. Twitter is down 5% to $17.42.

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