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

Information Technology37.8%+2.39 pp Industrials9.6%+0.25 pp Materials2.2%+0.06 pp Utilities2.6%-0.01 pp Financials11.9%-0.11 pp Energy2.3%-0.17 pp Real Estate2.1%-0.28 pp Communication Services2.2%-0.31 pp Health Care11.3%-0.33 pp Consumer Staples6.0%-0.70 pp Consumer Discretionary12.0%-0.78 pp

2 · Industry

Inside Communication Services

Cable & Satellite0.22%-0.15 pp Wireless Telecommunication Services0.44%-0.14 pp Broadcasting0.14%+0.08 pp Integrated Telecommunication Services0.68%-0.07 pp Movies & Entertainment0.57%-0.04 pp Interactive Home Entertainment0.09%+0.02 pp Advertising0.03%-0.01 pp

3 · Sub-industry

Inside Broadcasting

Broadcasting0.14%+0.081 pp

Concentrated

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

View all contributions →

Broadcasting · weight

0.14%

Industry change · 12M

+0.08 pp

Broadcasting · contribution

+0.081 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 2025 · 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	$71.4bn	0.140%	+0.043 pp	+0.081 pp	+172.7%	Yes
Fox Corporation (Class B) → FOX	United States	$0.0bn	0.000%	+0.000 pp	+0.000 pp	+43.4%	Yes

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.