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Top 3 Companies in the Publishing Industry With the Highest Beta (NYT, JRN, MEG)

Published on Thu, 07/11/2013 - 11:05
By Adrienne Chilton

Below are the three companies in the Publishing industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

The New York Times (NYSE:NYT) is highest with a beta of 1.5. The New York Times Company, a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's publications include The New York Times, The Boston Globe, and the International Herald Tribune.. New York Times also holds interests in a newsprint mill and a paper mill.

In the past 52 weeks, shares of The New York Times have traded between a low of $6.93 and a high of $12.72 and are now at $12.62, which is 82% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.0%.

Journal Communications (NYSE:JRN) is next with a beta of 1.5.

Finishing up the top three is Media General (NYSE:MEG), with a beta of 1.3.

By Adrienne Chilton
achilton@fnno.com