Why Shares of Media General, Inc. Jumped Today

Is Media General's stock move meaningful? Or just another movement?

Jun 25, 2014 at 3:32PM

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Media General (NYSE:MEG) were moving higher today, gaining as much as 11% as broadcaster shares jumped across the board on the Supreme Court's ruling on Aereo earlier this morning

So what: The highest court in the land decided by a 6-3 vote that Aereo, a service that captures broadcaster signals and sells the programming to subscribers for $8 per month, was operating illegally. With 31 network-affiliated channels, Media General is among the beneficiaries from the ruling in the lawsuit led by CBS, a blow to the cord-cutting phenomenon, which has put additional pressure on traditional media companies by offering programming that doesn't require a TV. 

Now what: Aereo had claimed that it was simply connecting users with a free service, as broadcast TV has always been free with an antenna, but it was not paying licensing fees as cable and satellite companies normally do to retransmit the broadcaster signals. Though companies like Netflix are stealing share from the traditional media players, broadcaster stocks have shot up amid consolidation in the industry. Media General just earlier this week purchased the Harrisburg, Pennsylvania, ABC affiliate for $83.4 million, and is expected to merge with LIN Media early next year. The Supreme Court's decision should benefit Media General even more as it continues to expand.

Your cable company is scared, but you can get rich
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple. 


Jeremy Bowman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

Something big just happened

I don't know about you, but I always pay attention when one of the best growth investors in the world gives me a stock tip. Motley Fool co-founder David Gardner (whose growth-stock newsletter was rated #1 in the world by The Wall Street Journal)* and his brother, Motley Fool CEO Tom Gardner, just revealed two brand new stock recommendations moments ago. Together, they've tripled the stock market's return over 12+ years. And while timing isn't everything, the history of Tom and David's stock picks shows that it pays to get in early on their ideas.

Click here to be among the first people to hear about David and Tom's newest stock recommendations.

*"Look Who's on Top Now" appeared in The Wall Street Journal which references Hulbert's rankings of the best performing stock picking newsletters over a 5-year period from 2008-2013.