• by Wayne Friedman , March 28, 2025

Although legacy media and entertainment stock prices have dropped anywhere from 3% to 8% since the start of the Trump Administration, companies are slightly outperforming the stock market overall.

Since January 21, the Dow Jones U.S. Media Index is down 8% (to a 786 index), with the Dow Jones U.S. Broadcasting & Entertainment Index losing 3% (to 1,136).

By comparison, the Dow Jones Industrials is down 5% to 41,675; S&P 500, losing 8% to 6,049, while the Nasdaq has sunk 13% to 17,376.

Looking specifically at some major legacy media companies, Walt Disney is down 10% to $98.18 (in mid-day March 28 stock trading), with AMC Networks sinking 25% to $6.78.

Two high-flying digital-first media players Roku and The Trade Desk are lower, with Roku down 7% to $73.99 and the Trade Desk cratering 54% to $56.04.

Premium streaming platform Netflix has climbed 8% to $937.47 over the same period.

At the same time, two other major legacy TV network-based companies -- Paramount Global and Warner Bros. Discovery -- have had gains, after some substantial declines over the past 12 months. Both are up 10% since the Trump Administration’s start -- to $11.53 and $10.71, respectively.

Due to its steadily rising fortunes from businesses like Fox News Media (which include Fox News Channel and Fox Business), Fox Corp. has gained 14% to $54.74.

With the promise of perhaps more deregulation which might allow them to expand their business including buying more TV stations, major TV station groups are higher. Nexstar Media Group is up 12% to 174.90, while Sinclair Inc. has added 7% to $15.57 and Tegna is 11% higher to $18.03.