Better times ahead for media stocks

A surge in jobs growth could herald brighter times ahead for the media sector, which has given up their lead over the broader market in recent weeks because the advertising recovery has taken longer than expected to filter down to their bottom-lines. The S&P/ASX 300 Media Index has posted a loss of about 2 per cent over the past 12 months compared with a 1 per cent loss by the S&P/ASX Small Ordinaries. The media benchmark had been more than 10 per cent above the small ordinaries in June. Click here for further information.