Cable stocks will outperform the rest of the stock market during the economic downturn because much of the industry already has faced stock price declines, Multichannel News says, citing Merrill Lynch analyst Jessica Reif Cohen. Satellite and telephone companies haven’t provided as much competition to the cable companies as many analysts predicted, while many customers are adding cable service in advance of next year’s switchover to all-digital broadcasts, Multichannel News reports, citing Cohen.
—Danny King