Media and cable to weather economic downturn (but buy cable...)

TORONTO – Facing a "moderate recession" in Canada, our cable and media companies seem well positioned to weather a deteriorating economy, says a recent analyst's research report. BMO Capital Markets financial analyst Tim Casey – who covers cable and media in Canada – admitted that while he was lowering his overall earnings forecasts “for the second time in three weeks” based on an “underlying thesis” of a “moderate recession in Canada” like the one we endured in the early 1990s, most companies seem well positioned to ride it out. On the radio side, which is of course tied to local...