Media stocks on the move

June 30, 2009 While that sort of huge six-month gain is usually relegated to risky penny stocks, media stocks in general have outperformed the broader markets in the first half of the year, with just 10 stocks among the Showbiz 50 closing lower. Besides Sirius XM, some huge movers to the upside are Carmike Cinemas, up 130% to $8.38 this year, Warner Music Group (up 94% to $5.85), Imax (up 82% to $8.12), video game publisher THQ (up 71% to $7.16) and Apple (67% higher to $142.43). First-quarter conference calls, he said, "pretty uniformly called for a bottoming or even slight improvement in ad trends."

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