U.S. Media Industry Analysis

Industry Valuation and Performance

Has the U.S. Media Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 15 May 2026	US$203.6b	US$205.2b	-US$9,566,917,910.74	19.1x	-21.3x	1x
Sun, 12 Apr 2026	US$211.8b	US$202.4b	-US$10,137,727,593.55	15.2x	-20.9x	1x
Tue, 10 Mar 2026	US$224.8b	US$205.8b	-US$9,835,685,069.54	24x	-22.9x	1.1x
Thu, 05 Feb 2026	US$216.5b	US$206.2b	-US$2,184,685,473.54	14.8x	-99.1x	1.1x
Sat, 03 Jan 2026	US$339.8b	US$329.8b	US$20.9b	13.8x	16.2x	1x
Mon, 01 Dec 2025	US$308.8b	US$324.0b	US$19.5b	15.4x	15.8x	1x
Wed, 29 Oct 2025	US$345.5b	US$330.6b	US$31.1b	19.7x	11.1x	1x
Fri, 26 Sep 2025	US$360.3b	US$330.5b	US$31.1b	20.2x	11.6x	1.1x
Sun, 24 Aug 2025	US$355.8b	US$330.5b	US$31.2b	22x	11.4x	1.1x
Tue, 22 Jul 2025	US$376.8b	US$331.8b	US$18.9b	18.1x	19.9x	1.1x
Thu, 19 Jun 2025	US$363.9b	US$331.6b	US$19.6b	17.3x	18.6x	1.1x
Sat, 17 May 2025	US$381.0b	US$330.6b	US$19.6b	17.6x	19.5x	1.2x
Mon, 14 Apr 2025	US$337.2b	US$334.3b	US$20.4b	13.6x	16.5x	1x
Wed, 12 Mar 2025	US$370.5b	US$334.2b	US$20.0b	14.7x	18.6x	1.1x
Fri, 07 Feb 2025	US$385.4b	US$332.0b	US$17.2b	13.4x	22.5x	1.2x
Sun, 05 Jan 2025	US$403.0b	US$329.9b	US$15.2b	14.2x	26.5x	1.2x
Tue, 03 Dec 2024	US$443.5b	US$330.0b	US$15.2b	15.6x	29.1x	1.3x
Thu, 31 Oct 2024	US$411.5b	US$318.6b	US$16.4b	13.8x	25.1x	1.3x
Sat, 28 Sep 2024	US$399.6b	US$318.4b	US$16.6b	13.9x	24x	1.3x
Mon, 26 Aug 2024	US$395.5b	US$327.3b	US$17.5b	13.1x	22.6x	1.2x
Wed, 24 Jul 2024	US$390.7b	US$329.3b	US$23.2b	13.5x	16.8x	1.2x
Fri, 21 Jun 2024	US$364.7b	US$329.3b	US$23.2b	11.9x	15.8x	1.1x
Sun, 19 May 2024	US$378.7b	US$329.4b	US$23.1b	11.1x	16.4x	1.1x
Tue, 16 Apr 2024	US$362.7b	US$330.5b	US$21.6b	13.8x	16.8x	1.1x
Thu, 14 Mar 2024	US$389.4b	US$330.7b	US$21.4b	15.7x	18.2x	1.2x
Sat, 10 Feb 2024	US$377.8b	US$320.2b	US$22.4b	12.9x	16.9x	1.2x
Mon, 08 Jan 2024	US$404.3b	US$332.3b	US$23.2b	13.1x	17.5x	1.2x
Wed, 06 Dec 2023	US$406.0b	US$332.8b	US$23.2b	11.5x	17.5x	1.2x
Fri, 03 Nov 2023	US$392.2b	US$334.3b	US$24.1b	11.2x	16.3x	1.2x
Sun, 01 Oct 2023	US$422.8b	US$334.1b	US$15.7b	16.1x	27x	1.3x
Tue, 29 Aug 2023	US$428.3b	US$334.3b	US$15.7b	15.8x	27.2x	1.3x
Thu, 27 Jul 2023	US$430.8b	US$334.8b	US$17.4b	14.5x	24.7x	1.3x
Sat, 24 Jun 2023	US$395.9b	US$334.8b	US$17.3b	14.3x	22.8x	1.2x
Mon, 22 May 2023	US$397.9b	US$334.7b	US$17.3b	14x	23x	1.2x

Current Industry PE

Investors are pessimistic on the American Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.99x.

Past Earnings Growth

Total earnings for the Media industry have declined over the last three years, with the industry now making a loss overall.
Revenues have also declined 15% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?


US Market	1.15%
Telecom	0.21%
Media	-2.14%
Cable and Satellite	2.32%
Broadcasting	1.15%
Publishing	-3.97%
Advertising	-10.51%

Industry PE

Investors are most optimistic about the Broadcasting industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 42.6% per year.

Forecasted Growth

Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 44% over the next 5 years.
This is better than its past earnings growth rate of 29% per year.

In contrast, the Publishing industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
SATS EchoStar	US$135.11	10.2% +US$3.7b	490.0%	PS2.6x
FOXA Fox	US$65.32	4.2% +US$778.5m	17.8%	PE16x
VSNT Versant Media Group	US$44.43	9.0% +US$516.5m	n/a	PE7.4x
EVC Entravision Communications	US$8.84	27.2% +US$174.0m	355.7%	PS1.5x
NMAX Newsmax	US$6.92	12.5% +US$99.4m	-70.2%	PS4.7x

Apollo Global Management, Inc. (NYSE:APO) entered into an Agreement and Plan of Merger to acquire Emerald Holding, Inc. (NYSE:EEX) from a group of shareholders for $1 billion.

Apollo Global Management, Inc. (NYSE:APO) entered into an Agreement and Plan of Merger to acquire Emerald Holding, Inc. (NYSE:EEX) from a group of shareholders for $1 billion on May 9, 2026. A cash consideration valued at $5.03 per share will be paid by Apollo Global Management, Inc. Under the terms of agreement, Emerald consists of 197,909,463 issued and outstanding shares, 16,162,581 Shares subject to Company Stock Options, and 1,859,438 Shares subject to Company RSUs. The transaction will be financed by Barclays Bank PLC, Bank of America, N.A., Deutsche Bank AG New York Branch, Royal Bank of Canada, UBS AG, Stamford Branch, and Wells Fargo Bank, National Association consisting of a term loan facility in an aggregate principal amount equal to $765 million. In case of termination of transaction, Onex Partners Manager LP, Onex Corporation, Onex Partners V LP, Onex Partners III, L.P., Onex Partners III GP LP, Onex US Principals LP and Onex Advisor Subco III LLC will pay a termination fee of $84 million. Emerald is required to pay a termination fee of $84 million if the Board changes its recommendation regarding the Merger. In a separate but related transaction, Apollo Global Management, Inc. also entered into definitive agreement to acquire Questex, LLC. The transaction is expected to be completed in the second half of 2026, subject to the satisfaction of certain customary closing conditions including the Emerald's receipt of the Written Consent, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, regulatory approvals, and approvals and clearance under the antitrust laws of certain other jurisdictions, and the absence of certain orders or laws prohibiting the consummation of the Merger. The board of directors and shareholders of Emerald approved the Merger Agreement. Jeffrey Kochian, Gerald Brant, and Brittany Harrison of Sidley Austin LLP acted as legal advisor for Apollo Global Management, Inc. The team of Fried, Frank, Harris, Shriver & Jacobson LLP led by Erica Jaffe, Christopher Ewan, Daniel J. Bursky, Lee T. Barnum, Amy L. Blackman, Alan S. Kaden, Ezra Schneck, Tobias Caspary, Aleksandr B. Livshits, Ryan L. Conley and Tristan Schmidt acted as legal advisor and Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider for Emerald Holding, Inc. RBC Capital Markets, LLC, RAN Advisory PLLC and PJT Partners LP acted as financial advisors for Apollo Global Management, Inc. Latham & Watkins LLP advises on financing sources supporting the transaction.

U.S. Media Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Versant Media Group Eyes Digital Expansion as Q1 Profitability Supports Shareholder Payouts

Omnicom Group Posts Q1 Growth With Portfolio Shift and AI Platform Driving Profitability

First quarter 2026 earnings released

Now 21% undervalued

News Corp Earnings Beat Expectations on Strong Revenue and Share Buybacks With AI Deal Boost

We Like Trade Desk's (NASDAQ:TTD) Earnings For More Than Just Statutory Profit

FCC Clears EchoStar's $40 Billion Spectrum Sale as Focus Shifts to Wireless and 5G

Apollo Global Management, Inc. (NYSE:APO) entered into an Agreement and Plan of Merger to acquire Emerald Holding, Inc. (NYSE:EEX) from a group of shareholders for $1 billion.

Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Chief Strategy Officer exercised options and sold US$1.1m worth of stock

Nexstar Media Group, Inc. Announces Management Appointments

Charter Communications Faces Broadband Losses as Mobile Growth and Cox Acquisition Take Focus

First quarter dividend of US$0.05 announced

New major risk - Financial position

Newsmax Inc. to Report Q1, 2026 Results on May 14, 2026

New major risk - Share price stability