Trader Dan Nathan said that, as a stock, Time Warner looks very attractive especially since it owns powerhouse HBO, which recently netted 22 Primetime Emmy Awards, the most of any network.
"That stock trades below market multiple ... It's a cheap stock and they have HBO," Nathan said. "That is the delivery mechanism that you want. HBO has figured it out [with] HBO Now and HBO Go, so that's a good model for the others.
Trader Tim Seymour agreed, saying it "trades cheap to the parts" on a valuation basis.
"Bottom line here, Time Warner is the name to play in the cord-cutting space," he said.
Trader Pete Najarian disagreed, saying that content seems more important and for that reason he prefers Disney.