- 4.The Jewish Problem - From anti-Judaism to anti-SemitismWed Aug 27, 2014
Sat,Aug 30,2014 4 Elul 5774
Traditional media companies had an amazing year on Wall Street. While the Dow Jones Index increased a respectable 6.7%, the US Broadcasting and Entertainment Index surged 40%. In fact, other than Sony (dragged down by its hardware business), 6 of the top 7 media conglomerates substantially outperformed the NASDAQ 500.
Comcast absorbed NBC Universal, becoming the largest player in the sector with a market cap of $99.28 billion. Investors shrugged off pesky details at News Corp, such as bribery, phone-hacking and perjury, increasing the share price by 47%. The biggest winner was Lionsgate Entertainment, which reaped the benefits of hugely successful franchises Hunger Games and Twilight. Viacom, on the other hand, desperately needs more hit shows. TV networks account for 90% of Viacom’s profits but ratings at Nickelodeon and MTV last year were down about 30%.
The worst performing media category was video games. Electronic Arts (-30%), Activision (-13%) and Zynga (-67%) saw their margins eaten by free to play (f2p) casual mobile games.
In a period of high unemployment and economic uncertainty, clearly Wall Street believes that “Content is King”