• by Wayne Friedman , March 31, 2017

Since the Presidential election last November, despite some recent leveling off in stock prices, media/entertainment companies continue to outperform broader indexes.

Local TV station group companies are major performers.

Dow Jones U.S. Broadcasting & Entertainment Index is up 21%, and the Dow Jones U.S Media Index has added 18% during the period from November 8 though March 31. By comparison, the Nasdaq composite index is 17% higher, while Dow Jones Industrials is 15% higher and S&P 500 has gained 13%.

Local TV station groups have witnessed stellar gains, with Sinclair Broadcast Group soaring 60%; Nexstar Media Group rising a massive 48%; Tegna 38% higher; and Tribune Media, 21% more.

Looking at big diversified media stocks: Charter Communications is up 31%; Comcast Corp. is 24% higher; CBS Corp. has gained 22%; Walt Disney has added 23%; 21st Century Fox is up 20%; Scripps Networks Interactive has also tacked on 20%; and Viacom has added 19%.

Some lesser gainers include Dish Network, adding 16%; Time Warner, improving 14%; Discovery Communications, up 13%; AMC Networks, 12%; and Google, 6%.

Digital companies: Netflix, 21% higher; Facebook and Amazon, each up 18%. Losers are a slimmer list, with Twitter down 17%.