Media Stocks? No Thanks
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.
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