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TheStreet.com's Jim Cramer says that Disney and The New York Times still have big trouble, and its name is still Google.
No price is holding for media stocks again. Even though Time Warner (NYSE: TWX) (Cramer's Take) has some fabulous properties, properties that are doing well, even though it has a great growing business in telco-cable and, I believe, some momentum at AOL, this stock can't get out of its own way. This is after a monster buyback and tons of restructurings, including the exit of the music division that now looks brilliant.
Comcast (NASDAQ: CMCSA) (Cramer's Take) is little better, even with, again, a huge buyback. This despite the fact that the anti-cable people look like they are losing the FCC battle.
Then there is big-media entertainment. Disney (NYSE: DIS)'s (Cramer's Take) pennies from a 52-week low despite having great numbers. CBS (NYSE: CBS) (Cramer's Take) did an OK quarter, not great, but it is still the most watched network and it is also right off the 52-week low. These are good companies by all admission.
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