Unconvinced that Google is all that and a bag o’ microchips? From the Hollywood Reporter:
Google tops Time Warner as Street’s No. 1 media stock
Wall Street has determined that Google Inc. is the most valuable media company on the planet. Shares of the company that went public in August at $75 rose $10.68 on Monday to close at $290.94, giving the new-media youngster a market capitalization of $80.8 billion, according to Yahoo! Finance. Meanwhile, shares of Time Warner, which until Monday was considered the world’s biggest media company, dropped 23 cents to $17.02, giving the company a $79.8 billion market cap. Google’s stock performance has been extraordinary of late, harkening back to the Internet bubble days, with one important difference: profit.
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