After the media sector in Thailand took a dive in 2007, it is expected to pick up this year, thanks to improved business prospects in the local economy after the formation of a new coalition government, the Bangkok Post has reported Tuesday.

Although Thai stock markets continue to be slow, due to fears of a U.S. recession and heavily sold Thai stocks, media stocks are attracting more investors.

“Media stocks are interesting. Most of their performance depends on domestic factors, so the U.S. sub-prime mortgage crisis or the 'hamburger crisis' won't affect them,” Tarisa Chaisuntornyotin, a Kasikom Securities analyst, told the Bangkok Post.

Chaisuntornyotin said the government, led by the People Power Party, is expected to speed up investments to stimulate the economy.