Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.20 | +0.20 | +0.37 | +0.30 | +0.30 | +0.30 | +0.20 | +0.20 | +0.20 | +0.20 | +0.20 | +0.20 |
The communication sector is trading modestly higher this month, buoyed primarily by the $3.5 billion acquisition of ABC by Capital Cities, a significant consolidation move that signals confidence in media scalability and content distribution. While broader market conditions are stable, the deal has provided a clear catalyst, reinforcing investor sentiment around strategic growth in broadcast assets. This single event accounts for the bulk of the sector’s positive momentum.
How this mood is scored ▾
Capital Cities Communications is acquiring ABC in a $3.5 billion merger, offering $118 in cash per share plus warrants, significantly above ABC's prior closing price. The deal, backed by Berkshire Hathaway with a $500 million investment, combines Capital Cities' lean management with ABC's broader network assets, creating a major media entity with significant market implications for broadcasting and shareholder value.