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TheStreet Wire

News Corp (NWSA): Today's Featured Media Loser

By TheStreet Wire 05/18/12 - 05:01 PM EDT

Find out if (NWSA) is in Cramer's Portfolio.

News (NWSA) pushed the Media industry lower today making it today's featured Media loser. The industry as a whole closed the day down 1.5%. By the end of trading, News fell 19 cents (-1%) to $19.27 on average volume. Throughout the day, 17.5 million shares of News exchanged hands as compared to its average daily volume of 15 million shares. The stock ranged in price between $19.21-$19.54 after having opened the day at $19.54 as compared to the previous trading day's close of $19.46. Other company's within the Media industry that declined today were: Dial Global (DIAL), down 14.3%, Media General (MEG), down 12.9%, Digital Domain Media Group (DDMG), down 11%, and Seven Arts Entertainment (SAPX), down 10.4%.

News Corporation operates as a diversified media company worldwide. News has a market cap of $32.02 billion and is part of the services sector. The company has a P/E ratio of 13.7, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate News a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates News as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full News Ratings Report.

On the positive front, Millennial Media (MM), up 9.6%, Marchex (MCHX), up 6.9%, Nexstar Broadcasting Group (NXST), up 4.4%, and KIT Digital (KITD), up 4.3%, were all gainers within the media industry with Sirius XM Radio (SIRI) being today's featured media industry winner.

Use our media section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media (PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services (SCC).

Find other investment ideas from our top rated ETFs lists.

For more information on News Corporation click any of the following:

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