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BarkhaGate has struck.
Even though conventional media has blacked it out. Its the the #1 trending topic in twitter India. Facebook has a BarkhaGate page with over 320 supporters in almost no time.
Calls to boycott media houses and ask for senior reports to resign. What will the stock impact be for media shares? Please post your views
1. NDTV:
At the center of the controversy. Shares likely to plunge coming Monday. Do not hold any shares. Sell/ short. Later the week may be a good time to buy again after its fallen a lot.
**Will make NEW 52-WEEK LOW***
2. HT Media
Both Barkha Dutt and Vir Sanghvi have columns in Hindustan Times. HT has distanced itself from these two. Action is likely to be more muted than NDTV. Stay away from stock in near term
3. IBN18
In the news for not telecasting any news and views on the issue. Some tapes of Rajdeep Sardesai also out.Stock likely to be negatively impacted also. Stay away from stock in near term
4. Zee News
Only TV Channel to have news on the scandal!! Kudos to Zee News. This may see rise in TRP near term which will be good for stock
5. TV Today Network Ltd
It posted the transcripts in the India Today website. But no mention in Aaj Tak and Headlines Today.
Likely to face a negative reaction also. Stay away from the stock
More detailed update coming soon...
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