NEW YORK, July 19 (Reuters) - While ad-supported media are no longer the briskly growing businesses they once were, investors can look forward to decent long-term profits from many of them, according to Barron's.
'The reality is that the best-managed media and advertising stocks are unwarrantedly cheap,' Barron's said. 'If the media economy merely muddles through the next few years, new investors in it will have fatter wallets.'
Cable networks, in particular, are well situated to benefit, as well as companies heavily exposed to cable fees -- such as Walt Disney Co, Time Warner and to a slightly lesser extent, News Corp, Barron's said.
Moreover, shares of Movie theater chain Cinemark and concert sponsor Live Nation Inc also still appear attractive, Barron's said. (Reporting by Ransdell Pierson; Editing by Diane Craft) Keywords: MEDIA/ (Reuters Messaging: ransdell.pierson.reuters.com@reuters.net; 646-223-6034; ransdell.pierson@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'The reality is that the best-managed media and advertising stocks are unwarrantedly cheap,' Barron's said. 'If the media economy merely muddles through the next few years, new investors in it will have fatter wallets.'
Cable networks, in particular, are well situated to benefit, as well as companies heavily exposed to cable fees -- such as Walt Disney Co, Time Warner and to a slightly lesser extent, News Corp, Barron's said.
Moreover, shares of Movie theater chain Cinemark and concert sponsor Live Nation Inc also still appear attractive, Barron's said. (Reporting by Ransdell Pierson; Editing by Diane Craft) Keywords: MEDIA/ (Reuters Messaging: ransdell.pierson.reuters.com@reuters.net; 646-223-6034; ransdell.pierson@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.