Comcast Corporation (CMCSA) is a Best-In-Show Media Investment

CBS Corporation (NYSE:CBS) is also relatively cheap on a forward P/E basis (13X). The company obtains over 50% of revenues from its entertainment division, and has solid mid-level growth (14% 5-year expected CAGR), an attractive EBITDA margin (23%), and a modest debt ratio (23%). With over 4 million shares, David Einhorn owns the biggest stake in CBS amongst the hedge funds we track; check out David Einhorn’s top picks.

The Walt Disney Corporation (NYSE:DIS) is a bit more diversified with solid revenue generation from theme parks and TV networks. Disney has the lowest debt ratio at 20%, but also has the lowest expected 5-year growth rate at 11%. This mediocre growth rate puts Disney’s PEG near the upper end of the industry at 1.4. Multi-billionaire George Soros is one of Disney’s big name shareholders (check out George Soros’ newest picks).

Given Comcast’s best-in-show growth, profitability and balance sheet, we see it as one of the top media investments as we head into 2013. Comcast’s promising dividend yield of 1.8% is also attractive, and that’s only a 25% payout of earnings. For more coverage of Comcast, continue reading below:

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Comcast is one of the top ten media stocks loved by hedge funds

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