Investor Ross Gerber on Undervalued Media Stocks

For long-time investors in the entertainment industry, this is a frustrating time. Stock prices for most large-cap companies in the sector appear undervalued and rising interest rates reduce the likelihood of transformative transactions (Paramount-Warner Bros. Discovery notwithstanding). Veteran money manager Ross Gerber wants entertainment companies to embrace change, adopt AI and other new technologies and move into growing businesses that attract young viewers like creator content and video gaming. Gerber, who also appeared on a panel at TheWrap's Grill business conference this week . . .