Invest in media stocks: A list of media stocks to buy in 2024

The best media stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular media stocks picks to buy in 2024

We round up a selection of stocks in or related to the media industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Fox Corp Class B (FOX)
2. New York Times Company (NYT)
3. Liberty Media Corporation Series A Liberty Formula One Common Stock (FWONA)
4. Endeavor Group (EDR)
5. BuzzFeed (BZFD)

Not sure which stock to invest in? Choose a stock picking service

Stock picking services use algorithms, data analytics and expert insights to identify promising stocks, aiding investors in strategic decision-making.

If you don't have the time or expertise to research stocks on your own, consider stock picking services and research tools to help you choose.

Take a deeper dive into media stocks

If you're interested in investing in the media industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Fox Corp Class B (FOX)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U. S. ). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments.

Fox Corp Class B stock opened the day at $29.16 after a previous close of $29.25. The latest price was $28.81 (25-minute delay). Fox Corp Class B is listed on the NASDAQ, has a trailing 12-month revenue of around USD14.6 billion and employs 10,400 staff.

• Market capitalization: $14,492,915,712
• P/E ratio: 17.1404
• PEG ratio: 0.9269

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2. New York Times Company (NYT)

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.

New York Times Company stock opened the day at $43.19 after a previous close of $43.25. The latest price was $43.17 (25-minute delay). New York Times Company is listed on the NYSE, has a trailing 12-month revenue of around USD$2.4 billion and employs 5,900 staff.

• Market capitalization: $7,107,521,536
• P/E ratio: 30.9286
• PEG ratio: 2.11

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3. Liberty Media Corporation Series A Liberty Formula One Common Stock (FWONA)

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series.

Liberty Media Corporation Series A Liberty Formula One Common Stock stock opened the day at $61.40 after a previous close of $61.39. The latest price was $61.63 (25-minute delay). Liberty Media Corporation Series A Liberty Formula One Common Stock is listed on the NASDAQ and has a trailing 12-month revenue of around USD$3.2 billion.

• Market capitalization: $15,573,348,352
• P/E ratio: 96.2258
• PEG ratio: 3.4555

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4. Endeavor Group (EDR)

Endeavor Group Holdings, Inc. operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology.

Endeavor Group stock opened the day at $26.46 after a previous close of $26.43. The latest price was $26.50 (25-minute delay). Endeavor Group is listed on the NYSE, has a trailing 12-month revenue of around USD$6 billion and employs 10,000 staff.

• Market capitalization: $7,978,567,680
• P/E ratio: 23.2456

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5. BuzzFeed (BZFD)

BuzzFeed, Inc. , a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.

BuzzFeed stock opened the day at $0.39 after a previous close of $0.39. The latest price was $0.39 (25-minute delay). BuzzFeed is listed on the NASDAQ, has a trailing 12-month revenue of around USD$252.7 million and employs 925 staff.

• Market capitalization: $59,384,132

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How to invest in media stocks

1. Choose a stock trading platform. If you don't already have a stock trading account, go straight to the best stock trading apps of 2024 and choose one.
2. Go through the sign up process. Sign up for an account by providing your personal information.
3. Set up a funding method. Once you are all set up for transactions, you can deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like FOX or NYT.
5. Place your order. Buy the stock. It's that simple.

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Bottom line

While it’s possible to turn a profit investing in media stocks, keep in mind that — like any investment — media stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the media industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

A to Z list of media stocks