“Hedge funds have been near-constant champions of the industry, drawn in by its high cash generation and buybacks, takeover speculation and the straight-up momentum of the stocks themselves,” report Oliver Renick and Callie Bost for Bloomberg.
For its part, Wells Fargo is more bullish on cable providers than traditional media conglomerates. As Barron’s notes, the bank likes Dish Network (NasdaqGS: DISH), Time Warner Cable (NSYE: TWC) and Charter (NasdaqGS: CHTR). Dish Network and Charter combine for 8.4% of PBS’s weight. [Media ETF Looks to Recover]
PowerShares Dynamic Media Portfolio
