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Media & Entertainment
Alle Analysen in Media & Entertainment — 8 Analysen.
50/100
69Buffett
The New York Times: Bündelökonomik zum vollen Preis
The New York Times Company ist ein hochwertiges, abonnementgetriebenes Medienunternehmen, dessen 13.08 Millionen Abonnenten, davon rund 12.52 Millionen rein digital, Journalismus, Sport über The Athletic, Spiele, Kochen und Werbung finanzieren. Die Kernthese lautet, dass das Mehrprodukt-Bündel Kündigungen erschwert: Der Abonnementumsatz erreichte 2025 1.95 Milliarden USD von insgesamt 2.825 Milliarden USD, und der rein digitale Abonnementumsatz stieg im ersten Quartal 2026 um 16.1%, doch beim rund 32-Fachen des nachlaufenden Gewinns und 20-Fachen EV/EBITDA preist die Aktie einen Großteil des nächsten Schubs bereits ein, während ein vorübergehender steuerlicher Cashflow-Vorteil den freien Cashflow schmeichelt und die KI-Suche die Entdeckung am oberen Trichterende bedroht. Bewertung Halten: ein seltener Skalengewinner im bezahlten Nachrichtengeschäft, doch Bündelökonomik, Cashflow-Qualität und KI-Optionalität liegen bereits nahe am vollen Wert, ohne Sicherheitsmarge für Neukäufer.
34/100
Paramount Skydance Corporation: A Long-Term Value Investing Study
Good assets, bad security. The content assets are real (CBS, Paramount+, a vast film library), but linear TV keeps eroding, free cash flow is thin, and the equity is being reshaped by a mega-acquisition of WBD: a $47 billion equity raise plus roughly $79 billion of net debt. The $10.61 margin of safety is hard to verify, with an ideal entry below $7. Rating Avoid: real content assets attached to an unsettled, likely heavily diluted, more highly leveraged future platform, with no verifiable margin of safety for a conservative value investor.
40/100
News Corp Class A Deep Value Investment Research
News Corp's non-voting Class A shares are a different share class of the same company as voting NWS Class B shares. The company is a hybrid information-services holding company built from Dow Jones, REA/Move digital real estate, HarperCollins, and news media assets, with uneven moat quality across segments, consolidated ROE only in the mid-single digits, and a governance discount from the Murdoch dual-class structure. Rating Watch: at roughly $26.10, the shares sit within a reasonable value range, free cash flow yield is below Treasuries, and the margin of safety is insufficient, with an ideal buy range of $20-23.
47/100
TKO Group Deep Value Investment Research
TKO is a scarce sports IP and rights distributor built around UFC and WWE, with strong brands, multi-year media rights contracts, and low capital intensity. The core thesis is that business quality is above most media and entertainment companies, but the current price of roughly $205 implies about 34.5x last year's free cash flow and leaves too little margin of safety. Research rating Watch: a high-quality compounder to track closely, with an ideal buy range of $90-110.
42/100
74Buffett
Fox Corporation: A Deep Value Investing Analysis
A news-and-sports media company with strong cash flow, heavy buybacks and a moderate moat, but its linear distribution is being eroded by streaming; at $59.23 the margin of safety is insufficient, with an ideal buy range of $50–55. Rating: Watch.
41/100
26Buffett
Live Nation Entertainment: A Long-Term Business Owner's Perspective
The world's largest live entertainment company; 2025 revenue of $25.2 billion serving 159 million live attendees; Concerts runs on thin margins while Ticketing/Sponsorship are high-margin, but antitrust is eroding the flywheel and the valuation sits at the optimistic ceiling. Rating Watch, ideal buy $60-80.
45/100
39Buffett
Disney: A Long-Term Owner's Perspective
A good asset at a fair price: Disney's IP + sports + experiences composite ecosystem shows real improvement, but at about $103 the market has already largely priced in the buyback recovery, the streaming turnaround, and the leadership transition, leaving a thin margin of safety. Rated Watch.
32/100
Warner Bros. Discovery: A Long-Term Owner's Perspective
A combination of streaming, studios, and linear television; 2025 FCF of 3.1 billion gives a 4.6% FCF yield, roughly even with the 4.57% 10-year Treasury. The PSKY merger at $31 per share in cash has shareholder approval, and today's 27.03 already carries an event premium; on standalone operating value the ideal buy range is $12-17, leaving the current price neither cheap nor clean. Rating Watch: a strong-asset company mid-transformation whose price already prices in the deal, with too little standalone margin of safety for a conservative long-term owner.