Us Midterm Elections Boost News Shares
Us Midterm Elections Boost News Shares

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US midterm elections boost news shares

Stocks that rely on advertising revenue got a lift from higher viewership of political news

Shares of major news organizations rose Wednesday morning after the results of the midterm elections became clear. The New York Times Company, CNN parent Warner Bros. Discovery, and Fox Corporation all saw their stock prices increase in premarket trading.

The gains came as investors bet that the increased viewership of political news during the midterm elections would boost advertising revenue for these companies. The midterm elections are typically a major news event, and this year's races were particularly closely watched due to the high stakes for both parties.

The New York Times Company

The New York Times Company saw its stock price increase by more than 2% in premarket trading. The company's revenue has been growing in recent quarters, thanks to a combination of subscription growth and increased advertising revenue.

The New York Times has been investing heavily in its digital newsroom, and the company's efforts are paying off. The company's digital-only subscriptions have grown to more than 9 million, and the company's website is one of the most popular news sites in the world.

Warner Bros. Discovery

Warner Bros. Discovery, the parent company of CNN, saw its stock price increase by more than 1% in premarket trading. The company's revenue has been declining in recent quarters, but the company is hoping that the increased viewership of CNN during the midterm elections will help to boost its advertising revenue.

CNN has been struggling to compete with Fox News in recent years, but the network has been gaining ground in recent months. CNN's coverage of the midterm elections was widely praised, and the network's ratings have been increasing.

Fox Corporation

Fox Corporation, the parent company of Fox News, saw its stock price increase by more than 0.5% in premarket trading. The company's revenue has been growing in recent quarters, thanks to the strength of Fox News.

Fox News is the most popular cable news network in the United States, and the network's coverage of the midterm elections was widely watched. Fox News's ratings have been increasing in recent months, and the network is expected to continue to benefit from the increased viewership of political news.

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