Fight the Fake News With … Comcast (CMCSA)
Comcast Corporation (NASDAQ:CMCSA) — the parent company and owner of NBC News and the MSNBC cable channel — has emerged to become the anti-Trump counterpoint.
NBC and MSNBC also boast well-funded news-gathering operations, but if you are right of center, you think they are the source of fake news. However, if you are someone who values news with an anti-establishment view, then the media properties held by CMCSA are what you want.
Judging by the cable news ratings, a lot of people are seeking the anti-establishment view.
In the second quarter, MSNBC finished first in the adults 18-49 demo during weekday prime time — the first time it has done so for a full quarter. And The Rachel Maddow Show, which topped all cable news shows for adults between age 25 and age 54, brought in a record 2.5 million viewers on average across Q2. These growing eyeballs mean growing advertising dollars … and likely a continued uptrend in CMCSA stock.