Insider Monkey

14 Best Broadcasting Stocks To Buy

Hamna Asim
Updated 16 min read

In This Article:

In this article, we discuss 14 best broadcasting stocks to buy. If you want to see more stocks in this selection, check out 5 Best Broadcasting Stocks To Buy.

According to The Business Research Company, the projected size of the global TV and radio broadcasting market was set to increase from $374.55 billion in 2021 to $401.25 billion in 2022, representing a compound annual growth rate (CAGR) of 7.1%. This growth can be attributed to companies reorganizing their operations and recovering from the impact of the COVID-19 pandemic. The pandemic had necessitated measures such as social distancing, remote work, and the temporary closure of commercial activities, resulting in operational challenges for the industry. The market is further expected to expand to $504.00 billion by 2026, growing at a CAGR of 5.9% during the forecast period.

As per a Reuters Institute report dated January 10, broadcasters are encountering growing challenges as audiences for linear news bulletins and opinion programming decline rapidly across all age groups. This situation is exacerbated by the fact that most commercial TV and radio providers heavily rely on advertising or carriage fees for revenue, with limited direct income from viewers or listeners. Additionally, the decision by Netflix, Inc. (NASDAQ:NFLX) to introduce advertisements adds to the pressure on broadcasters. Moreover, public broadcasters are experiencing funding cuts and facing heightened criticism from politicians and competitors in the publishing industry. The failure of CNN+ in the previous year indicated a limited outlook for independent linear news subscriptions. However, Reuters anticipates an increase in efforts to combine on-demand and live news within streaming services. Public broadcasters like the BBC have begun to suggest the possibility of discontinuing TV and radio transmissions over the next decade as consumers increasingly shift towards using apps and websites for their media consumption.

Media companies, regardless of their size, are starting to recognize the extensive possibilities offered by cloud technology in the realms of broadcast and streaming, according to BroadcastPRO ME. While cloud and hybrid environments have been a focus for forward-thinking media technology providers for a while, they are now gradually entering the mainstream for video production and distribution in 2023. The cloud has become an essential component of product strategies and a means to unlock new revenue streams in the media industry. Venugopal Iyengar, Deputy COO Digital at Planetcast International, told BroadcastPRO ME on January 18:

and

Recommended Stories