Having chronicled the fate of the country’s biggest media stocks for the past few months, we’ve come to understand that buying into one of them isn’t a good idea. This climate is terrible and almost no one is making any money. Of the 13 stocks we’ve been following, almost all of them have gone down many more than the market average and it’s not going to get better soon.
The good folks at the Motley Fool seem to agree with us. They’ve published a good list of five media stocks to avoid. Their picks (or non-picks, as the case may be): CBS, News Corp., Sirius/XM Radio, Time Warner, Viacom. Not exactly brain surgery, but then again they said making money as a banker was easy too, and look how that turned out.