![This Works](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2013/12/2013-12-17-Ratio-DJ-Publishing-vs.-SPX-Weekly.png?resize=150%2C150)
This Works
On 6/17 I indicated I liked the publishing industry as a source of alpha/out-performance. Fundamentally, this post was prompted by the 6/13 announcement that GCI would acquire BLC for a 30% premium and that this deal likely portended additional consolidation…...
![Prospect of Consolidation Could Support Out-Performance of this Industry](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2013/06/2013-06-17-Ratio-DJ-Publishing-vs.-SPX-Weekly.png?resize=150%2C150)
Prospect of Consolidation Could Support Out-Performance of this Industry
In the recent past there’s been some noise in the beleaguered publishing/media industry re: consolidation/M&A. Just last week GCI announced they’d pay a ~30% premium to acquire the media assets of BLC. On Friday, TWC shares rose by ~9% on…...