Check your local newspaper, radio station or online portal. The biggest story of the last few months has been the media itself. Thanks to President Trump’s tweeting, consolidation/M&A activity, Facebook’s (FB ) feed scandal and other factors, the media has been the top dog when it comes to news stories – and most of them have been negative.
However, despite the bad press, media stocks could be a dividend investor’s best friend.
For the most part, the purveyors of magazines, online websites and films have continued to adapt to changing tastes and consumer attitudes toward consumption of media. And with that, the winners of the sector have only strengthened their financial position.
For investors, media companies could be some of the biggest rising stars over the next few years.
Should you have Facebook in your portfolio?
Fake News? Hardly
It’s no secret that President Trump has a particular disdain for the media. The president has frequently called out many of the major news outlets as “fake news” since his surprise November election win. Through his Twitter account, he has lashed out often at various news sources, such as CNN, The New York Times and The Washington Post. Below is just one of many examples.