Don't change the channel on media stocks

In spite of structural changes and shifting user habits, traditional media companies have given investors decent returns, with TV and radio ad spend remaining buoyant.

2013 has been a relatively kind year for media stocks.

As of last week, the ASX200 was up 14.98 per cent for the year to date. If you took a position in six of the main listed media vehicles, your return for the year would have been an impressive 36 per cent.

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