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3 Broadcast Radio & TV Stocks to Watch in a Challenging Industry - Yahoo Finance

The Zacks Broadcast Radio and Television industry has been suffering from increased cord-cutting despite a spurt in demand for streaming content. However, industry participants like Warner Bros. Discovery WBD, Fox Corporation FOXA and fuboTV FUBO are benefiting from a massive spike in digital content consumption. Diversified content offerings, which are original, regional, short and suitable for small screens (smartphones and tablets); improved Internet speed and penetration and technological advancement benefit industry participants. As monetization and revenues, in terms of ad-spend, continue to be subdued, profit protection and cash management, with greater technology integration, have gained significance and are expected to aid these companies in driving the top line in the near term.

Yahoo     Sep 18, 2023