News Corporation and Rupert Murdoch-owned Fox Corporation, which both own right-wing brands supporting Trump, both saw their stock prices rise this week – but in both cases their prices rose less than those of their liberal rivals.

IAC, parent company of Daily Beast and Dotdash Meredith, for example, was among the biggest risers, seeing its price increase 10% between the end of Monday and Thursday and 5.6% from the previous month. (Like the rest of the market, the stock prices of most of the companies analyzed here fell immediately before the election.)

The New York Times Company also saw its stock price rise 6.4% from Monday (when its stock price fell following its third-quarter earnings release) to $55.80.

The biggest beneficiary of the “Trump trade” in the short term was USA Today parent company and local publishing giant Gannett, which saw its stock price jump 12% to $5.50 – but that follows a sharp drop in its price last week. when it posted a loss of $19.7 million in the third quarter. The company closed Thursday 0.7% lower than its share price a month earlier.

Lee Enterprises, another local newspaper publisher, was the only company on the list to lose value during the week of the election, although its stock price appreciated significantly on Thursday and the losses came after its share price nearly doubled in October.

What is behind the rise in share prices of American news publishers?

Rising media prices are at odds with Trump’s historic and recent hostility toward the press.

Speaking at a rally two days before the Trump election declared: “To get me, someone would have to expose fake news – and that doesn’t bother me that much.” Declaring victory on Wednesday, he also called publishers CNN and MSNBC the “enemy camp” while describing running mate JD Vance’s desire to appear on these networks.

End of October Trump has filed a lawsuit against CBS Newsclaiming the network edited a 60 Minutes interview with opponent Kamala Harris to “hide the weakness of Kamala’s ‘word salad’.” He also spoke about a desire to remove broadcasting licenses networks that he said treated him unfairly.

Former Trump National Security Council adviser Kash Patel, who has been tipped for positions in the new administration, has insisted before a new Trump administration will pursue journalists for helping Joe Biden “rig the presidential election.”

The price increases may simply reflect investors’ broader belief that Trump’s anticipated tax cuts will benefit the business performance of all U.S. companies, including those of media companies.

Several publishers saw significant increases in subscriptions and revenue during the first Trump administration, although experts expressed skepticism about the repetition of the phenomenon.

Commenting on the stock price rise at The New York Times, Andrew Bary, Barron’s deputy managing editor wrote this week: “Trump’s victory is probably good for all news media because it generates buzz and controversy which is good for viewership, subscriber growth and engagement. Few things sell newspapers – or their current equivalent – better than Trump.”

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