Observatory · observe first

Broadcasting

Broadcasting is gaining market weight. Gained weight for 2 consecutive months.

Historical time machine
Historical observation
20182026
Reversing upwardConcentrated

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

Universe weight
0.13%
$0.04T
12-month change
+0.13 pp
6-month change
+0.02 pp
3-month change
+0.04 pp
Company participation
100%
above their 6M weight average

Where did the weight change come from?

12-month contribution in universe percentage points · contributions add to the industry change

Sub-industries
Company attribution
All other companies-0.000 pp
Industry total+0.133 pp

The three largest same-direction contributors explain 100% of gross gains. Opposing contributions can make an individual company’s change larger than the industry’s net change.

How has it moved through history?

Share of matched S&P 500 members

Mar 2018 – Feb 2023 · market weight (%)

0.00.10.220192020202120222023

Relative performance

Industry return versus ACWI · no future data shown

447911420192020202120222023

Is participation broad or concentrated?

Actual constituent counts at this date, not the legacy synthetic breadth proxy

Above their 3M universe-weight average100%
Above their 6M universe-weight average100%
Above their 12M universe-weight average50%
Top 5 share of current industry market cap100.0%

This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.

Evidence can disagree

Independent dimensions · no combined score or bullish/bearish verdict

Allocation · 12M+0.13 pp
Relative strength · 12M-17.9%
Price index return · 12M-24.8%
Earnings revisions · unavailable0.0
Allocation gained weight while relative performance fell. At least half of constituents are above their 6M weight average. These observations need not agree.
Other evidence and availability

Valuation data: unavailable; shown as zero placeholder.

Attention data: unavailable; shown as zero placeholder.

Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.

Volume / turnover: unavailable in this dataset.

Follow the contribution to individual companies

Sorted by absolute 12-month weight contribution, not investment merit

CompanySub-industryCountryUniverse weight12M contribution12M price returnRevisions
Warner Bros. Discovery →
WBD
BroadcastingUnited States0.133%+0.133 pp-44.3%0.0
Fox Corporation (Class B) →
FOX
BroadcastingUnited States0.000%-0.000 pp-13.8%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Feb 20230.133%+0.010 pp+0.039 pp+0.018 pp+0.133 pp-17.9%
Jan 20230.123%+0.040 pp+0.011 pp-0.002 pp+0.123 pp-20.1%
Dec 20220.083%-0.011 pp-0.027 pp-0.044 pp+0.083 pp-37.5%
Nov 20220.094%-0.018 pp-0.021 pp-0.067 pp+0.094 pp-29.7%
Oct 20220.112%+0.002 pp-0.013 pp-0.047 pp+0.112 pp-19.1%
Sep 20220.110%-0.005 pp-0.017 pp+0.110 pp+0.110 pp-28.1%
Aug 20220.115%-0.010 pp-0.046 pp+0.115 pp+0.115 pp-16.1%
Jul 20220.125%-0.002 pp-0.034 pp+0.125 pp+0.125 pp-6.6%
Jun 20220.127%-0.035 pp+0.127 pp+0.127 pp+0.127 pp-16.3%
May 20220.161%+0.002 pp+0.161 pp+0.161 pp+0.161 pp+1.3%
Apr 20220.159%+0.159 pp+0.159 pp+0.159 pp+0.159 pp-1.6%
Mar 20220.000%-0.000 pp+0.000 pp-0.000 pp+0.000 pp-1.4%
Feb 20220.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+12.7%
Jan 20220.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+10.9%
Dec 20210.000%-0.000 pp-0.000 pp-0.000 pp-0.000 pp+1.3%
Nov 20210.000%-0.000 pp-0.000 pp-0.000 pp-0.000 pp+0.3%
Oct 20210.000%-0.000 pp+0.000 pp-0.000 pp-0.000 pp+4.7%
Sep 20210.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+5.9%
Aug 20210.000%+0.000 pp-0.000 pp+0.000 pp+0.000 pp-1.1%
Jul 20210.000%-0.000 pp-0.000 pp+0.000 pp+0.000 pp-2.0%
Jun 20210.000%-0.000 pp+0.000 pp+0.000 pp+0.000 pp-4.5%
May 20210.000%-0.000 pp+0.000 pp+0.000 pp+0.000 pp-9.7%
Apr 20210.000%+0.000 pp+0.000 pp+0.000 pp-0.000 pp-1.6%
Mar 20210.000%+0.000 pp-0.000 pp+0.000 pp+0.000 pp+0.2%
Feb 20210.000%-0.000 pp-0.000 pp+0.000 pp+0.000 pp-18.1%
Jan 20210.000%-0.000 pp-0.000 pp+0.000 pp-0.000 pp-29.0%
Dec 20200.000%-0.000 pp+0.000 pp+0.000 pp-0.000 pp-30.7%
Nov 20200.000%-0.000 pp+0.000 pp+0.000 pp-0.000 pp-28.3%
Oct 20200.000%+0.000 pp+0.000 pp-0.000 pp-0.000 pp-19.3%
Sep 20200.000%+0.000 pp-0.000 pp+0.000 pp-0.000 pp-18.6%
Aug 20200.000%+0.000 pp-0.000 pp+0.000 pp-0.000 pp-26.2%
Jul 20200.000%-0.000 pp-0.000 pp-0.000 pp-0.000 pp-34.6%
Jun 20200.000%-0.000 pp+0.000 pp-0.000 pp-0.000 pp-27.0%
May 20200.000%-0.000 pp+0.000 pp-0.000 pp-0.000 pp-20.4%
Apr 20200.000%+0.000 pp-0.000 pp-0.000 pp-0.000 pp-28.2%
Mar 20200.000%-0.000 pp-0.000 pp-0.000 pp-0.000 pp-26.8%
Feb 20200.000%-0.000 pp-0.000 pp-0.000 pp+0.000 pp-17.5%
Jan 20200.000%+0.000 pp+0.000 pp-0.000 pp+0.000 pp-11.1%
Dec 20190.000%+0.000 pp+0.000 pp-0.000 pp+0.000 pp-18.8%
Nov 20190.000%+0.000 pp-0.000 pp-0.000 pp+0.000 pp-13.0%
Oct 20190.000%-0.000 pp-0.000 pp-0.000 pp+0.000 pp-21.7%
Sep 20190.000%-0.000 pp-0.000 pp-0.000 pp+0.000 pp-12.3%
Aug 20190.000%-0.000 pp-0.000 pp+0.000 pp+0.000 pp-7.9%
Jul 20190.000%+0.000 pp-0.000 pp+0.000 pp+0.000 pp+1.4%
Jun 20190.000%-0.000 pp-0.000 pp+0.000 pp+0.000 pp-3.3%
May 20190.000%-0.000 pp+0.000 pp+0.000 pp+0.000 pp-1.6%
Apr 20190.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+1.4%
Mar 20190.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp-2.7%
Feb 20190.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+0.4%
Jan 20190.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+7.7%
Dec 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+16.3%
Nov 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+7.9%
Oct 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+9.6%
Sep 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+1.5%
Aug 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+2.1%
Jul 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+2.8%
Jun 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+6.0%
May 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+5.4%
Apr 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+5.8%
Mar 20180.000%+0.000 pp+0.000 pp+0.000 pp+0.000 pp+6.3%
How are these descriptive states defined?

Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.

Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.

Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.

Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.

Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.