How to Fix an Old-Media Stock?? 6-4-07
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Created by Barrons
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Date updated:06-02-2007

06-04-07
Barrons claims that "Not all od media is dead" "Even if newspapers and radio are struggling, television stations are holding their own. In fact, pure-play TV stocks are the hottest group in the media sector this year, with Lin TV nearly doubling to 19 and Nexstar Broadcasting tripling to 14."

symbol name last price % change open
  • +
  • BLC
    Belo Corp
  • $4.88
  • -1.81%
  • $4.90

Bullish--Citigroup Global Markets analyst Eileen Furukawa last week lifted her rating on Belo to Buy from Hold, and boosted her price target on its stock to 25 from 19. Belo's shares, which have been trading around 22, could go as high as 30 if Belo is willing to separate its broadcasting and newspaper divisions.-- "... A breakup of Belo would unlock tremendous value for shareholders by reducing the conglomerate discount that is currently assigned to Belo shares," Furukawa wrote in a client note. Belo has one of the best collections of TV stations outside those owned by the networks. In 11 of their 14 TV markets, Belo stations rank No. 1 or 2. The company's desirable stations are in high-growth areas, notably Texas and the Pacific Northwest.

People owning BLC also tend to own: AXSBRK-ACGVENHHALLIPCRLCAPA

TheStreet.com Rating: D What is this?

  • +
  • NYT
    N Y Times Cl A
  • $8.65
  • -2.15%
  • $8.86

Bearish-

People owning NYT also tend to own: WMTYHOOAACCAERTVLOBPOPMO

TheStreet.com Rating: D What is this?

  • +
  • WPO
    Washingtn Post Co
  • $414.30
  • -1.92%
  • $422.04

Bearish

People owning WPO also tend to own: BRK-ACMEGOOGNVRSEBWTMBRK-B

TheStreet.com Rating: C What is this?

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