5 Best News and Digital Media Stocks To Buy

In this article, we discuss 5 best news and digital media stocks to buy. If you want to read our discussion on the digital media industry, head over to 12 Best News and Digital Media Stocks To Buy. 

5. The New York Times Company (NYSE:NYT)

Number of Hedge Fund Holders: 39

The New York Times Company (NYSE:NYT) is involved in creating, collecting, and distributing news and information globally. Operating through two segments, The New York Times Group and The Athletic, the company provides The New York Times content through multiple platforms, including mobile applications, websites, and printed newspapers. The New York Times Company (NYSE:NYT) is one of the best news and digital media stocks to watch. 

On February 7, The New York Times Company (NYSE:NYT) declared a $0.13 per share quarterly dividend, an 18.2% increase from its prior dividend of $0.11. The dividend is payable on April 18, to shareholders on record as of April 2. 

According to Insider Monkey’s fourth quarter database, 39 hedge funds were bullish on The New York Times Company (NYSE:NYT), compared to 33 funds in the last quarter. Thomas Steyer’s Farallon Capital is the largest stakeholder of the company, with 9.4 million shares worth $464.2 million.