Best Media Stocks To Buy Now

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In 2020, the epidemic wreaked havoc on the media business. According to government orders, more than a quarter of all movie theaters in the United States remained shuttered. The change to digital media, on the other hand, bodes positively for the sector and presents good investment opportunities. By 2025, the worldwide media sector is predicted to increase at a CAGR of 5%, with a total value of $2.6 trillion. In the first half of 2021, people spent approximately $16 billion on internet streaming services, up 5% from the previous year’s period.

Insider Monkey analyzes the list of the best media stocks to buy now.  The price has recovered from hitting a low of $9.49 per share in April 2020, earning 25% year to date. In Q3, Darsana Capital Partners was the company’s top stakeholder, with $22.3 million in shares. On November 4, Cable One, Inc. released its third-quarter results. The company’s revenue for the quarter was $430.2 million, up from $339 million the year before. The revenue from residential data accounted for nearly $220 million of the total revenue. Discovery, Inc. reported $1.97 billion in total U.S. network revenue, up 12% from the previous year. The company plans to launch its streaming services in Canada, which will include over 200 original shows. The stock’s price objective has been raised to $65, with a Buy rating, by Pivotal Research. At the end of June 2021, 51 hedge funds tracked by Insider Monkey were positive on DISH Network Corporation. These interests are worth more than $2.5 billion in total. On October 6, ViacomCBS Inc. announced a quarterly dividend of $0.24 per share. The current dividend yield on the stock is 2.45 percent. The dividend payout ratio for the corporation is 22.86 percent. For more details, click 10 Best Media Stocks To Buy Now. 

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