Weekly Media Stocks Roundup: Investors Stoked On NYT, MEG
Shares in media companies logged gains nearly across the board this week, thanks in part to encouraging earnings reports from The New York Times Co. and fellow newspaper publisher Media General. Over the past five days, the S&P 500 rose 3.6% to end the week at 1103.
Following its Thursday earnings release, investors cheered The New York Times Co. (NYT) for breaking its streak of declining revenue figures with a 1.2% uptick in its top line.
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