Investopedia: Investors Shouldn't Tune Out Central European Media Media

Want to invest in the growth of central and eastern Europe (CEE)? Good luck. There are a couple of ADRs that trade on occasion, but otherwise investors who can't invest directly in these foreign markets are left with ETFs, mutual funds, and a handful of listed plays like Central European Distribution (Nasdaq:CEDC) and CTC Media (Nasdaq:CTCM). 

Scarcity doesn't automatically make a stock a good value, but with leading positions in several CEE broadcast markets, investors ought to consider Central European Media (Nasdaq:CETV). While ad spending remains challenging and cost inflation is an ongoing risk, the worst seems to be over for this often overlooked company. (For more on inflation, see The Importance Of Inflation And GDP.)


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Investopedia: Corruption And Scandal Don't Make News Corp A Bargain

One of the golden rules of dealing with the media is to "control the message". Given the increasing furor over the conduct of News Corp (NYSE:NWS) in a phone-hacking scandal in the U.K. and the calls for the company to be prosecuted (or at least investigated) under the Foreign Corrupt Practices Act, News Corp is clearly failing in that regard. While some investors may be attracted to the stock given its declines in the wake of the scandal and the theory that it is too big to fail, caution may be the better part of valor today. (For a couple of strategies to over come this scandal, read Crisis Management Strategies For Business Owners.)

An Ugly Action Kills a Paper  
Even by the iffy standards of British tabloid journalism, News Corp's News of the World always walked a gray line when it came to scandal and controversy. Going a step way too far, though, several of the paper's employees have been accused of hacking into private citizen's phones and intercepting voice mails, including those of the families of dead soldiers and those who lost family members in the 2005 terrorist bombings. 


The full story can be found at Investopedia:
http://stocks.investopedia.com/stock-analysis/2011/Corruption-And-Scandal-Dont-Make-News-Corp-A-Bargain-NWS-LBTYA-CBS-VIA-DIS0718.aspx