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Media companies have been among the hardest hit by the COVID-19 pandemic's economic and social ramifications. Gannet Co. (GCI) and Meredith Corporation (MDP), which are highly dependent on print media and local news, have both lost over half of their value this year and have failed to recover from lows. See below:
With media companies trading at such extreme lows, many deep-value investors have bought the stocks looking for a rebound. Much of this lies on a single question, will print media and local