Mario Gabelli Sees Significant Opportunity In Disney, Paramount And This Overlooked Media Stock: 'You're Going To Make 50%'
Portfolio Pulse from Adam Eckert
Mario Gabelli, CEO of GAMCO Investors, sees significant upside in several media stocks, including TEGNA Inc (TGNA), Walt Disney Co (DIS), and Paramount Global (PARA). He believes that the increase in budgets for political advertising from $2.5 billion to $14 billion in 2024 will benefit television stations. Gabelli also expects the Federal Communications Commission to lift the 39% coverage cap for TV station operators, which could lead to companies like Disney and Paramount holding onto their networks and selling or spinning off the TV stations.
August 04, 2023 | 11:29 am
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POSITIVE IMPACT
Mario Gabelli sees potential upside in Walt Disney Co due to potential regulatory changes.
Gabelli's positive outlook on DIS is based on the potential regulatory changes that could allow the company to hold onto its networks and sell or spin off the TV stations. This could lead to increased revenues for the company and a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mario Gabelli sees potential upside in Paramount Global due to potential regulatory changes.
Gabelli's positive outlook on PARA is based on the potential regulatory changes that could allow the company to hold onto its networks and sell or spin off the TV stations. This could lead to increased revenues for the company and a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mario Gabelli sees significant upside in TEGNA Inc due to increased political advertising budgets and potential regulatory changes.
Gabelli's positive outlook on TGNA is based on the expected increase in political advertising budgets and potential regulatory changes. This could lead to increased revenues for the company and a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100