Media stocks looking good according to analysts

Stock market analysts this week reported that the market has upgraded its earnings expectations for the media sector, which has
climbed more than 35% since a low of $7.69 in March this year. The sector is still
short of its record high of $13.60 set in May 2001.

A report in the Daily Telegraph says “those seeking
income should enjoy dividends yielding up to… 5.9% on forecast earnings.”

The report said Southern Cross Broadcasting is well placed to “benefit from what appears to be a slow but sure turnaround in
the advertising market.

The radio stations already generate more than $300
million a year in advertising revenue [and] … significant
growth opportunities exist.”