NEW YORK ( TheStreet) -- Under the radar screen of many money managers and individual investors is a quiet, steady rally among the big media companies.
This is going on while the overall stock market has been struggling and on most days falling on its face. Thursday was an anomaly for the stock market, but the media stocks keep moving higher.
Walt Disney (DIS) moved nicely higher (up 2.9%) on average volume Thursday. DIS is pennies away from its 52-week high.
News Corp (NWSA) also had a better-than-usual Thursday, up 2.47% on the day on below-average volume.A Saratoga, Calif.-based start-up company named Roku announced it raised $45 million recently from News Corporation and BSkyB. It supposedly gives News Corp a leg up in the TV video-steaming business over competitors like Comcast (CMCSA) . "With the News Corporation and Sky strategic relationships, we are poised to further grow our leadership position and to become the TV distribution platform of the future," said Roku founder Anthony Wood in a
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