Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Communication Services›Broadcasting›Broadcasting

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.0%+4.09 pp Energy3.5%+0.08 pp Utilities3.3%-0.16 pp Information Technology27.2%-0.18 pp Materials3.1%-0.37 pp Industrials9.8%-0.38 pp Communication Services3.1%-0.41 pp Real Estate3.1%-0.49 pp Consumer Staples7.7%-0.53 pp Health Care16.9%-0.55 pp Financials11.3%-1.10 pp

2 · Industry

Inside Communication Services

Integrated Telecommunication Services0.98%-0.21 pp Movies & Entertainment0.73%-0.12 pp Cable & Satellite0.61%-0.09 pp Broadcasting0.11%-0.05 pp Wireless Telecommunication Services0.58%+0.03 pp Interactive Home Entertainment0.07%+0.02 pp Advertising0.06%+0.00 pp

3 · Sub-industry

Inside Broadcasting

Broadcasting0.11%-0.048 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Broadcasting · weight

0.11%

Industry change · 12M

-0.05 pp

Broadcasting · contribution

-0.048 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 2023 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Warner Bros. Discovery → WBD	United States	$33.1bn	0.112%	-0.011 pp	-0.048 pp	-25.0%	No
Fox Corporation (Class B) → FOX	United States	$0.0bn	0.000%	-0.000 pp	-0.000 pp	-6.7%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.