Dividend Comparison – Media

Media companies have an immense power to reach large populations and influencing them. There are many different kinds of way people consume and entertain themselves – from radio to television to movies, music, vacation resorts etc. The surprising part of this whole mass media empire is that it is only a handful (6-8) of companies who control over 90% of the market share. These companies are truly conglomerates in their own sense.Earlier this year, Comcast bought full stake of NBC Universal from GE earlier this year for $16.7B and I have been thinking of looking into the various entertainment and media companies as a potential investment. Following are the media giants and their dividend comparison.

The Media Giants

Company Name
Ticker
Market
Cap
Quote
P/E
Yield
Payout
Ratio
5-yr
DGR
Comcast/NBC CMCSA $117B $44.68 18.83 1.75% 27% 41.74%
21st Century Fox
News Corp
FOX
NWSA
$70B
$8.6B
$30.92
$14.93
11.92
5.18
0.56%
1.14%
7%
NA
9.1%
NA
Walt Disney DIS $120B $66.98 20.35 1.12% 23% 16.4%
Viacom
CBS Corp
VIA
CBS
$35B
$32B
$72.41
$52.89
17.58
19.86
1.66%
0.91%
27%
18%
NA
-13.99%
Time Warner TWX $57.5B $61.70 19.02 1.86% 33% 7.86%
Sony SNE $22.4B $22.19 95.26 1.25% 64% 3.66%

Subsidiaries

A table of subsidiaries below shows the extent of each company’s empire. Each company has a major stake in various fields of the industry.
Comcast/
NBC
Fox/
News Corp
Walt Disney
Viacom/
CBS
Time Warner
Sony
Broadcast TV NBC Fox ABC CBS,
The CW (50%)
The CW
(50%)
Cable
USA Network,
SyFy, Bravo, E!
FX, National
Geographic
ABC Family,
A&E (50%),
Disney Chnl
MTV,
Nickelodeon,
Comedy Central,
Showtime
TNT, TBS,
HBO
Movie Universal Studios 20th Century
Fox
Walt Disney
Pictures
Paramount Pictures,
CBS Films
Warner Bros Columbia Pictures
Theme park/
Resorts
Universal Parks
& Resorts
Walt Disney
Parks & Resorts
Nickelodeon
Resort Orlando
Parque Warner
Madrid (5%)
Publishing Wall St Journal,
The Times
Marvel, Disney
Publishing
Simon & Shuster DC Comics,
Time, People,
Sports Illus
News MSNBC Fox News ABC News Now CNN, HLN
Business CNBC Fox Business
Sports NBC Sports Fox Sports ESPN CBS Sports NBA TV
Recod label Fox Music Disney Music CBS Records Warner Music Sony Music
Internet iVillage, Fandango,
Hulu (32%)
News Corp. Digital
Media, Hulu (36%)
Disney Interactive,
Hulu (32%)
MTV News Media,
CBS Interactive
Flixter (32%) Sony Online
Entertainment

Disney and Comcast (esp after NBC Universal acquisition) are the largest conglomerates of the mass media industry with market caps of $120B and $117B respectively. The two companies also look very well diversified across the businesses. They have attractive 5-yr dividend growth rates, but the yields are quite low (<2%). The yields are not attractive enough for me to initiate a position, but I will continue to keep an eye on these two.

Disclosure: None.

Disclaimer: The information provided here is for educational purposes only. All opinions here are my personal opinions and should not be taken as financial advice. I am not qualified to be a financial advisor. Always consult with your financial advisor before investing in any of the companies mentioned on this blog.

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