This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Media Companies Look Good but Comcast Looks Great

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 - Get Report) 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 - Get Report) .

"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 recent statement .

News Corp is buying into the Internet video-streaming set-top box manufacturer and putting one of its senior executives on Roku's board of directors, according to the statement.

News Corp is putting its money and powerful influence where it can gain a much greater role in distributing video over the worldwide Web.

Make no mistake, Comcast will need to find its own advantageous solution, and historically it has been on track to match any competitor.

As of Dec. 31, Comcast serves 22.3 million video customers, 18.1 million high-speed Internet customers and 9.3 million voice customers in 39 states and the District of Columbia. I happen to be one of those customers, and from a customer-service perspective the company is very good.

Its Cable Networks segment consists of national cable entertainment, national cable news and information, national cable sports, regional sports and news, and international cable networks; and a cable television production studio and digital media properties.

The company's Broadcast Television segment includes the NBC and Telemundo broadcast networks. NBC and Telemundo own local television stations, broadcast television production operations and related digital media properties, which primarily include brand-aligned Web sites.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CMCSA $61.23 0.77%
NWSA $12.61 1.53%
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs