Last week in media: hardware from Google, cryptocurrency from Facebook and trouble for broadcasters

The media sector made a further recovery from previous losses. The Telecompaper Stock Index Global Consumer Media ended week 25 up 1.5 percent, ahead of the S&P 500 (+0.5%). McClatchy made the biggest recovery, up 18 percent for the week. Other winners included Salem Media and Stingray, both up 13 percent. Lions Gate was the biggest loser, down 13 percent. KKR, in line with earlier rumours, placed an offer for Axel Springer (+11%).