Media Stocks Soared To Double-Digit Gains In 2014

Media stocks have risen by healthy double-digit percentage increases in 2014 -- in line with most wide-base stock market indexes.

Dow Jones U.S. Broadcasting and Entertainment Index rose 13.4% through December 30 to 1123.40. By way of comparison, the S&P 500 index is up 13.6% to 2080.35 through the same time period.

Those that have outperformed the market include: DirecTV, which is 26% higher to $87.00 (AT&T has as deal to buy the company); Dish Network, 27% higher to $73.30; Walt Disney, rising 24.2% to $94.70; 21st Century Fox, improving 6.1% to $37.18; Comcast, up 13.3% to $58.87; Time Warner, 23.3% more to $85.96; Charter Communications, 23.5% higher to $168.92; and Time Warner Cable, adding 14.1% to $154.67 (Comcast has an agreement to buy the company).

Decliners include Discovery Communications, down nearly 60% to $34.22; CBS, which lost 11.7% to $55.83; Scripps Networks, Interactive, which gave up 11.5% to $76.52; and Viacom, down 12.5% to $76.39;



Many big TV station groups pulled back, after early-year speculation that drove up prices of companies from big TV station mergers. Tribune Media has been off 23.3% to $59.38; Sinclair Broadcast Group gave up 22% to $27.83; Nexstar Broadcasting is down 6.3% to $52.21; Saga Communications is off 14.4% to $44.00; and Gray Television trimmed 19.4% to $11.40.

Fewer TV station groups went higher -- those include: Gannett, up 9.4% to $32.35; Meredith Corp., adding 4.9% to $54.34; and Journal Communications, up 26% to $11.74.

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