Time to Change the Channel on Media Stocks
Buffett's Media Take
Predicting long-term winners and losers may be difficult given all the competitive pressures and technological changes in the industry.
"I just don't know if I look out 10 years, which of those [media] companies will be doing the best," Warren Buffett told CNBC. "It is an industry subject to a lot of change. It's much easier for me to predict that ketchup ... or Coca-Cola will be doing well in 10 years."
Janney Montgomery Scott makes a market in Disney securities and seeks or expects to receive investment banking compensation from Disney. UBS makes a market in Disney securities and the analyst or a member of his team or household has a long position in Disney shares.