(Telecompaper) The global media sector did well in week 36. Our Global Media index was up 2.0 percent, slightly outperforming the S&P 500 (+1.8%). Double-digit gains were scored by Lions Gate (+20%), ComScore (+19%), Modern Times Group (+13%) and Tegna (+10%), versus just a single double-digit drop for Meredith (-21%). Importantly, the heaviest holdings in our index underperformed only slightly: Alphabet (+1.4%), Facebook (+1.0%) and Walt Disney (+1.7%).


Source link