Media, Entertainment Stocks Soar In 2013

Media stocks witnessed a strong year with many broadly held companies easily outperforming the market overall. Media and entertainment stocks climbed 46% year-over-year on average, according to Dow Jones U.S. Broadcasting and Entertainment Index as of December 27th. The index sat at 990.51 nearing the close of 2013.

By comparison, the Standard & Poors 500 Index climbed at 29% and Dow Jones Industrials is up 26%. CBS’ stock was at a $63.70 midday on Monday December 30 -- 74% higher from its $36.69 52-week low, set about a year ago. Similarly, Viacom’s stock is now up 65% at a $87.33, up from its low of $53.09 in 2013.

Comcast stock climbed 43% to $51.76 in midday trading on the last day of 2013 compared with its $36.30 also set nearly a year ago. 

Walt Disney is at $76.06 -- up 56% compared with its 52 week low of $48.80. Time Warner witnessed a 49% rise to $69.62 as of midday December 30 from a low of $46.73.

21st Century Fox was at $35.05 in midday trading on the next to last day of the year -- 63% higher than its low of $21.54.

DirecTV was at $68.10 -- up 43% from its $47.71 low, set in late February. Dish Network is at $57.50, up 70% from its $33.79 set in early March.

TV station merger and acquisitions had a big year -- with a lot of activity and high priced deal-making. One of the biggest TV station companies, Sinclair Broadcast Group, was heavily involved in deals. It nearly tripled its current stock price to $34.32 -- up from its $12.30 low.

Perhaps the best performing new media stocks has been Netflix, rising to $362.60 currently -- four times its 52-week low of $89.01. 

Google nearly doubled its 52-week low -- to $1,112.68 in midday trading on December 30 up from its $695.52 price in late January.

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1 comment about "Media, Entertainment Stocks Soar In 2013".
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  1. Rick Ducey from BIA Advisory Services, December 31, 2013 at 9:21 a.m.

    As a point of comparison at the local market level, we track the value of media companies as a group that are active in local markets. The news also is good in local media..

    In the first three quarters of 2013, the S&P 500 index increased by 15.6 percent, while BIA/Kelsey’s comprehensive Local Media market capitalization index, which includes more than 55 local media companies, rose by 64.9 percent. Broadcast television was on top with the highest growth in the index.

    For more information, see: http://www.biakelsey.com/Company/Press-Releases/131219-BIAKelseys-Local-Media-Index-Shows-Television-Stocks-Exceeding-S-and-P-500-in-2013.asp.

    Thanks, Wayne!

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