November 28, 2005
On The Long Tail, Chris Anderson has some numbers on this year’s poor stock performance on the part of the 12 public TV station owning companies.
Terry Heaton says “Broadcasting is an industry in deep trouble, and it will take innovation and integrity to save it from a real disaster.” He then shows the stock charts over the past year for the 12 publicly listed companies that own TV stations. While the number of lines going south is striking, it’s a bit hard to see them in context that way. So I’ve re-run the numbers and expressed them below in percentage terms.
The upshot is that in 12 months when the Dow has risen 4%, these companies have fallen 16.8% — not a good sign.
But not terribly surprising, either.