While I still like all four stocks, I'm turning more toward names such as
Like TWX, MSG, RCI and BCE, both companies have what the people want -- long-term contracts to televise major sports ranging from baseball to the Olympics. In addition, they own and operate strong brands that, love 'em or hate 'em, attract eyeballs.
. It's quite a list of very much alive multimedia properties that continue to do well on television
Traditional media has the power to ride the very sustainable waves that are Twitter and Facebook. New and social media appears to have the right attitude. It wants to be a good partner.
This harmony represents the future, not online as the exclusive conduit for news, sports and entertainment. I intend to invest accordingly.
At the time of publication, the author was long FB. On weakness he intends to buy shares of NWSA and CMCSA
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.