BOSTON (TheStreet) -- Several multimedia companies' shares are seeing returns double that of the S&P 500 this year, thanks to their U.S. focus and reliable cable and satellite subscriptions. Add to that consumers' near-insatiable demand for news and entertainment delivered in a widening array of formats.
But it's a competitive environment for all concerned as cable and satellite television providers are now going head-to-head with telecommunications companies to be the one-stop shop for all voice, video and data feeds into homes and businesses.
As a result, content providers, such as news organizations and movie makers, are benefiting from this widespread demand, which is also causing a recovery in advertising revenues for the various forms of media.S&P Capital IQ said in an Aug. 2 research report that it has a "cautious" near-term outlook for the broadcasting, cable and satellite universe. "Our expectations reflect a continued healthy advertising rebound ... [but with] increased audience fragmentation, potentially disruptive business models, lingering concerns with 'cord cutting' and some regulatory overhang," the research firm said. The S&P 500 is up 18.4% this year (including 11% in the past three months), while nine of the 10 stocks summarized below have more than doubled that. Here are 10 multimedia-industry stocks with top returns and continued healthy prospects arranged in inverse order of their year-to-date gains:
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