Observatory · observe first

Broadcasting

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

Historical time machine
Historical observation
20182026
Reversing downwardConcentrated

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

Universe weight
0.10%
$0.07T
12-month change
+0.03 pp
6-month change
+0.04 pp
3-month change
-0.02 pp
Company participation
0%
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+0.033 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 2021 – Feb 2026 · market weight (%)

0.00.10.220222023202420252026

Relative performance

Industry return versus ACWI · no future data shown

26527820222023202420252026

Is participation broad or concentrated?

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

Above their 3M universe-weight average0%
Above their 6M universe-weight average0%
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+0.03 pp
Relative strength · 12M+98.2%
Price index return · 12M+145.8%
Earnings revisions · unavailable0.0
Allocation gained weight while relative performance rose. Fewer than 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 States0.096%+0.033 pp+145.8%0.0
Fox Corporation (Class B) →
FOX
BroadcastingUnited States0.000%-0.000 pp-3.3%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Feb 20260.096%-0.035 pp-0.021 pp+0.036 pp+0.033 pp+98.2%
Jan 20260.131%-0.009 pp+0.022 pp+0.062 pp+0.074 pp+116.1%
Dec 20250.140%+0.023 pp+0.043 pp+0.079 pp+0.081 pp+122.7%
Nov 20250.117%+0.008 pp+0.057 pp+0.061 pp+0.060 pp+93.9%
Oct 20250.109%+0.012 pp+0.040 pp+0.058 pp+0.062 pp+124.8%
Sep 20250.097%+0.037 pp+0.036 pp+0.034 pp+0.050 pp+101.4%
Aug 20250.060%-0.009 pp+0.004 pp-0.003 pp+0.013 pp+28.0%
Jul 20250.069%+0.008 pp+0.018 pp+0.012 pp+0.031 pp+31.5%
Jun 20250.061%+0.005 pp-0.001 pp+0.002 pp+0.027 pp+32.4%
May 20250.056%+0.005 pp-0.007 pp-0.001 pp+0.017 pp+6.9%
Apr 20250.051%-0.011 pp-0.006 pp+0.004 pp-0.001 pp+5.1%
Mar 20250.063%-0.000 pp+0.004 pp+0.015 pp+0.003 pp+14.3%
Feb 20250.063%+0.006 pp+0.006 pp+0.016 pp+0.001 pp+13.1%
Jan 20250.057%-0.002 pp+0.010 pp+0.019 pp-0.016 pp-13.8%
Dec 20240.059%+0.002 pp+0.012 pp+0.025 pp-0.024 pp-20.9%
Nov 20240.057%+0.010 pp+0.010 pp+0.018 pp-0.023 pp-20.7%
Oct 20240.047%-0.000 pp+0.009 pp-0.005 pp-0.036 pp-38.2%
Sep 20240.047%+0.001 pp+0.013 pp-0.012 pp-0.041 pp-42.3%
Aug 20240.046%+0.008 pp+0.008 pp-0.015 pp-0.056 pp-51.6%
Jul 20240.038%+0.004 pp-0.014 pp-0.035 pp-0.031 pp-43.4%
Jun 20240.034%-0.004 pp-0.025 pp-0.049 pp-0.036 pp-50.3%
May 20240.039%-0.013 pp-0.023 pp-0.041 pp-0.029 pp-40.9%
Apr 20240.052%-0.007 pp-0.021 pp-0.030 pp-0.060 pp-53.8%
Mar 20240.059%-0.002 pp-0.024 pp-0.029 pp-0.066 pp-53.1%
Feb 20240.061%-0.011 pp-0.018 pp-0.041 pp-0.072 pp-54.4%
Jan 20240.073%-0.010 pp-0.010 pp+0.003 pp-0.051 pp-40.7%
Dec 20230.083%+0.003 pp-0.006 pp+0.012 pp-0.000 pp-1.8%
Nov 20230.079%-0.003 pp-0.023 pp+0.012 pp-0.015 pp-17.6%
Oct 20230.082%-0.006 pp+0.013 pp-0.029 pp-0.030 pp-30.9%
Sep 20230.088%-0.014 pp+0.018 pp-0.037 pp-0.021 pp-21.8%
Aug 20230.102%+0.033 pp+0.034 pp-0.031 pp-0.013 pp-13.2%
Jul 20230.069%-0.001 pp-0.042 pp-0.054 pp-0.056 pp-22.7%
Jun 20230.071%+0.003 pp-0.055 pp-0.012 pp-0.056 pp-19.7%
May 20230.068%-0.044 pp-0.066 pp-0.026 pp-0.093 pp-39.5%
Apr 20230.112%-0.013 pp-0.011 pp-0.000 pp-0.048 pp-27.0%
Mar 20230.125%-0.008 pp+0.042 pp+0.015 pp+0.125 pp-18.0%
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%
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.