The news out of most of the media giants has been grim in recent months: Layoffs, budget cuts and retrenchment in many cases. The expectation is that the second-quarter earnings reports that will roll out later this month will be weak. Heidi Chung, who pens VIP+’s weekly Media and Money newsletter, says there’s hope on the horizon that the advertising market will improve over the first half, particularly in the digital sector.
Source: Media Stocks to Hit More Turbulence with Wobbly Q2 Earnings and Weak Second Half Outlook