Old Media Makes a Comeback

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 |  Includes: GCI, GHC, NWSA, NYT
by: Bespoke Investment Group

About a year ago, old media was struggling mightily, to the point where there was talk that even the newspaper industry would get a bailout. But a bailout never came, and yet the sector has come roaring back.

Check out the charts below (click to enlarge). Washington Post (WPO) has gone from the $440s to the $530s in a matter of days! Maybe the politicians knew that the only bailout the newspapers needed was a heavy dose of news flow, and as we are all aware (sometimes painfully), news is one thing that hasn't been lacking in DC over the past year!

Click to enlarge