Forget Apple! Bet on Big Media Conglomerates

NEW YORK (TheStreet) -- You might hate them for one reason or another, but don't bet against big media companies.

Over the last year, it's been a powerful, Apple (AAPL) -beating run.

See the chart below, but names such as News Corp (NWSA) , Time Warner (TWX) , Comcast (CMCSA) , Disney (DIS) , CBS (CBS) and Canada's BCE (BCE) and Rogers Communications (RCI) have easily outperformed AAPL.

Why single out AAPL?

Because we focus so much of our attention on that one stock's fate when, as I noted earlier this year, so many better investments exist, particularly in the media space.

So, I'm not dogging Apple. You know I advise against counting the company out (as if there's even the slightest reason to do so in the first place); however, market sentiment is not in Apple's favor.

Somewhat quietly, big media names have helped -- in no small way -- fuel this rally.

Don't let anybody tell you the rally is over. Or that Comcast's move to assume complete control of NBCUniversal from General Electric (GE) was a bad one. It was anything but.