Some of the media stocks I follow pretty closely as a hobby - Comcast, Time Warner Cable, Sirius, Charter and lately Disney and CBS. Also interested in starting to research Live Nation. Anybody else have any other interesting media stocks they follow? Looking for some smaller ones to follow. I have done cursory reviews of TWX Viab and Fox as well but not that interesting to me. Although when Fox made that bid for TWX it certainly got Wall Street's attention very quickly. LOL
It's interesting to me how content has been higher valued on an EBITDA multiple basis than distribution, but distribution has been making a huge comeback, especially because of Malone's interest in cable consolidation. Advertising certainly hasn't been where it used to be because of so much inventory. Analog dollars turned into digital dimes and mobile pennies (Mel). Mel also used to say advertising advertising advertising. But since Sirius he started saying subscription subscription subscription. Malone always said subscription......interesting takes on the industry.
I do believe cable one day is going to attempt to take mobile phones away from the cellular providers by competing with Wi-Fi first phones. I think that shift happens within 5 years.