Q2 TV Forecast: Cloudy With a Chance of Stasis

Analysts point to a slowdown in advertising and consumer spending

Despite a decelerating economy and an increasingly gloomy macro outlook, media stocks have remained reassuringly buoyant, ticking upwards as other big-cap offerings sputter and sink. Year to date, media stocks have handily outperformed the S&P 500; among the strongest listings are TV-heavy hitters like Disney (up 28 percent in share price versus the index’s 8 percent gain); News Corp. (up 23 percent); and CBS Corp. (up 19 percent).

Given the volatility of the economy, it appears unlikely that media will continue to whiz along in its contrary orbit.

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