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Tune In to This Writers' Strike-Proof Media Stock

Andrew Fisher
Friday, 28 Dec 2007 | 12:40 PM ET

America's big media companies go into the new year with a writers' strike threatening their bottom lines.

What does that mean to investors, and which company is the best play?

David Bank is broadcasting and media analyst at RBC Capital Markets. His pick of the media mammoths is News Corporation, the home of "American Idol."

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FOXA
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"It's going to be the only real piece of big programming returning mid-season, original, lots of episodes in the can," Bank told CNBC.

And that's not all.

"The other reason we like News Corp. is that they're insulated from issues beyond, simply, the strike," he said.

The Italian satellite business, for instance, is a huge growth business; the cable-affiliate fees that they've locked in for Fox News Channel, that automatically go up; and MySpace growth."

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