The "Halftime Report" traders discussed the long-term impact that cord-cutting will have on media stocks.
Pete Najarian thinks there is pressure on the media sector right now, but that the pressure has led to certain areas of opportunity. Disney fell earlier this year on reports that ESPN subscription numbers were down, but Pete--who is long the name--argues that the stock was waiting for a pullback.
Steve Weiss is not a huge fan of the sector, as he thinks it is "difficult to navigate." But he would look at Viacom here because, despite uncertainty surrounding its future leadership, the company is sitting on a very valuable asset: Paramount.