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And don't miss Leila Abboud on the tricky business of picking TV winners: "Investors have a simple choice: avoid all TV companies for the foreseeable future, or choose a few that can deliver returns in the short term. The former stance seems extreme. Even as money moves into online ads, television remains the best way to reach a mass-market audience and the main medium to build up brands. The latter means investors have to understand the differences in how each broadcaster has navigated the shift into digital or proven they can grow ratings with hit shows."
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