/These media stocks can rally 50% in the next two years
These media stocks can rally 50% in the next two years

These media stocks can rally 50% in the next two years

Mario Gabelli

Scott Mlyn | CNBC

Veteran investor Mario GabelliĀ told CNBC on Monday he sees a handful of attractive opportunities in media stocks, particularly Sinclair Broadcast Group and Grupo Televisa.

In an interview on “Power Lunch,” the Gamco InvestorsĀ CEO and chairman laid out different investment theses for the companies. But in both instances, Gabelli said he expects the stocks to rally at least 50% from their current levels in the next two years.