Global Media Low Leverage High Rewards

Zhejiang Daily Digital Culture GroupLtd

Market Cap: CN¥13.6b

Operates as an internet digital cultural company in China and internationally.

Navneet Education

Market Cap: ₹29.8b

Navneet Education Limited, together with its subsidiaries, publishes state board books in India, North and Central America, Africa, Europe, and internationally.

Hakuten

Market Cap: JP¥11.1b

Engages in the experience marketing business in Japan.

Members

Market Cap: JP¥12.2b

Engages in the DX support services in Japan.

MIXI

Market Cap: JP¥215.2b

Engages in the sports, digital entertainment, lifestyle, and investment businesses in Japan.

MarkLines

Market Cap: JP¥20.6b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

Gendai Agency

Market Cap: JP¥5.3b

Engages in planning and production of advertising and promotion services in Japan.

NIFTY Lifestyle

Market Cap: JP¥8.7b

Provides action support platforms and solutions in Japan.

Ray

Market Cap: JP¥7.5b

Engages in the video production business in Japan.

GMO Media

Market Cap: JP¥6.8b

Together with its subsidiary, GMO Beauty, Inc., engages in the media, solutions, and content businesses in Japan, Singapore, and internationally.

Soft-World International

Market Cap: NT$14.8b

Develops, operates, and distributes games in Taiwan and China.

Asahi Broadcasting Group Holdings

Market Cap: JP¥34.1b

Engages in television and radio broadcasting activities in Japan and internationally.

Yellow Pages

Market Cap: CA$157.9m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Autotrader Group

Market Cap: UK£4.1b

Operates an automotive platform in the United Kingdom.

IMS

Market Cap: zł85.0m

Primarily provides sensory marketing services in Poland.

Scholastic

Market Cap: US$781.5m

Scholastic Corporation, together with its subsidiaries, publishes and distributes children’s books in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, Asia, and internationally.

Cairo Communication

Market Cap: €281.8m

Operates as a communication company in Italy and Spain.

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing and advertising solutions worldwide.

African Media Entertainment

Market Cap: R489.9m

Engages in radio broadcasting, media integration, and publications activities in South Africa.

HS Ad

Market Cap: ₩112.3b

Operates as an advertising and marketing communications company in Korea and internationally.

Grupo Clarín

Market Cap: AR$401.5b

Operates in the media industry in Argentina an Internationally.

Sun TV Network

Market Cap: ₹192.4b

Engages in producing and broadcasting satellite television and radio software programming in the regional languages.

Jiangsu Phoenix Publishing & Media

Market Cap: CN¥23.5b

Engages in the editing, publishing, and distribution of books, newspapers, electronic publications, and audio-visual products in China.

Koei Tecmo Holdings

Market Cap: JP¥554.6b

Operates as an entertainment company in Japan, North America, Europe, Asia, and internationally.

Pico Far East Holdings

Market Cap: HK$2.9b

An investment holding company, engages in the brand experience activation; meeting architecture activation; museum and themed entertainment; and related businesses.

NZME

Market Cap: NZ$201.4m

Engages in the integrated media and entertainment business in New Zealand.

D. B

Market Cap: ₹37.8b

Engages in the business of publishing newspapers, radio broadcasting, and digital platforms for news and event management in India and internationally.

Seni Jaya Corporation Berhad

Market Cap: RM 129.3m

An investment holding company, provides media and production services for indoor and outdoor advertising in Malaysia.

Chuco

Market Cap: JP¥3.6b

Engages in the magazine business in Japan.

J-Stream

Market Cap: JP¥8.9b

Engages in the internet video distribution business in Japan.

Macbee Planet

Market Cap: JP¥15.4b

Engages in the advertising business in Japan.

Tongdao Liepin Group

Market Cap: HK$1.0b

An investment holding company, provides talent acquisition services in the People’s Republic of China.

Avex

Market Cap: JP¥53.2b

An entertainment company, engages in the music, artist management, animation, visual content, and other businesses in Japan.

Rightmove

Market Cap: UK£3.7b

Operates property portal in the United Kingdom and internationally.

Hacksaw

Market Cap: SEK 24.6b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Audience Analytics

Market Cap: S$56.1m

Audience Analytics Limited creates content and brands in Singapore, Cambodia, China, Hong Kong, India, Indonesia, Macau, Malaysia, the Philippines, South Korea, Sri Lanka, Taiwan, Thailand, the United Arab Emirates, and Vietnam.