BUZZ-Media stocks rise after Trump wins second White House term

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BUZZ-Media stocks rise after Trump wins second White House term

Reuters2024-11-07

** Media firms' shares rise between 1.9% and 4.6% after Donald Trump elected as U.S. president

** News publisher New York Times up 4.6%, while Fox Corp rises 3.4% and News Corp gains 4%

** "Like in 2016, it would not be surprising if the New York Times and other left-leaning publications see new subscribers who want to support reporting that is critical of the administration" - eMarketer television and streaming analyst Ross Benes

** Media giants Walt Disney , Warner Bros Discovery

, Paramount Global up between 1.9% and 2.9%, while Comcast rises 4.9%

** "Trump is unpredictable, outspoken and controversial. That's the perfect recipe for media outlets hoping for the type of sound bites that get people watching their shows or reading their websites" - Dan Coatsworth, investment analyst at AJ Bell

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))

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