Media Stock Picks: The Mouse Roars
There are a lot of downdrafts in the media-business atmosphere right now, but Tuna Amobi of Standard and Poor's has "strong-buy" ratings on a couple of high-profile companies.
"Beyond companies that are relatively diversified, we are very negative on those that rely predominantly on advertising, such as CBS," he told CNBC.
So who gets raves from him?
"Disney seems to be somewhat resilient," he said. "As we have seen time and again, the theme parks have held up relatively well, and in addition to that, Disney has some...'steady-as-she-goes' businesses (such as) ESPN."
He also likes Time Warner Cable, although he's generally negative across the rest of cable TV.
"(It) is also a 'strong-buy' recommendation in our view, partly because of the catalyst that we expect because of the separation from the parent company (Time Warner) , as well as the integration of Adelphia," he said.
Neither Tuna Amobi, his family, nor his firm owns shares in CBS, Disney, Time Warner Cable or Time Warner, nor do they have any investment banking or other business relationship with those companies.