Commentary: Spring-time for media stocks

April 30, 2009 Chung says music-industry trends are stabilizing after six months of sharp declines, that WMG management has engaged in "superior execution" and that the company will benefit from variable pricing of digital tracks. Zacks Investment Research called it a #1 Rank stock on April 13 at 81 cents, and shares have more than doubled since. Helping were cost reductions that included the loss of 150 jobs, a 5% salary cut for some executives and a suspension of the company's 401(k) matching plan.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.