When the stock market plunged in March, John Rogers Jr. sensed a discount of a lifetime.
Mr. Rogers’s Chicago investment firm moved quickly, increasing holdings in the media sector. Ariel Investments added to its holdings of ViacomCBS Inc., television-station operator Tegna Inc., People magazine publisher Meredith Corp. and cable network MSG Networks Inc.
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I hate to be the bearer of bad news, but television advertising was on the decline BEFORE COVID19. Go interview any agency (if any survive this).
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