Big media stocks have been riding high this year as companies have been able to find ways to get paid for content despite a weak economy. But with the sector sporting a nearly 30 percent gain in 2013, it may be time to change the channel on some.
"What makes great dominant media companies good investments and good businesses is their ability to implement price increases given their competitive advantages," said Jaison Blair, an analyst at Telsey Advisory Group. "Our view has been in a slow-growth environment these companies can still implement price increases."