We know that you come to FishbowlNY for investing advice, so please heed our words for next year: Buy low, sell high and never, ever, login to your Scottrade account after three scotches. With those 2013 pearls of wisdom aside, let’s take a look at how media stocks did this year.
MediaPost reports that the media industry did quite well. The Dow Jones U.S. Broadcasting and Entertainment Index was up 40 percent compared to last year, as a number of media companies saw gains. By comparison, the Dow Jones Industry Index was up only 6.7 percent.
Comcast, Time Warner and News Corp. all saw improvements over 2011, with jumps of 54, 52 and 47 percent, respectively.