CLOSING BELL

Dow Closes Down 682, Nasdaq Gives Up 358

Stocks sank again on Wall Street Wednesday as inflation worries increased. The selling came as investors reacted to a surprisingly big jump in inflation last month that stoked concerns that the economy may bounce back too fast from its pandemic-induced doldrums. Tech giants, which had soared during the past year of lockdowns, took some of the biggest losses.

‘Ellen DeGeneres Show’ To End After 19 Seasons

Daytime’s most recognizable face has decided her upcoming season, the show’s 19th, will be the last. The decision, which fell to DeGeneres, is said to have been several years in the making. She informed her staff May 11, and will sit down with longtime pal and daytime predecessor Oprah Winfrey to discuss the news on Ellen‘s May 13 show. “When you’re a creative person, you constantly need to be challenged — and as great as this show is, and as fun as it is, it’s just not a challenge anymore,” DeGeneres says.

RTDNA-NEWHOUSE SCHOOL AT SYRACUSE UNIVERSITY SURVEY, PART 1

More Stations Produced More Local News In 2020

Local radio and television news played an essential role during 2020 in keeping communities informed during COVID, a nationwide racial reckoning and a treacherous election cycle. The first installment of the annual RTDNA/Newhouse School at Syracuse University Newsroom Survey shows that despite facing revenue shortfalls, budget cuts and unprecedented operational challenges, more local TV news aired in 2020 than ever recorded by the long running survey.

BRAND CONNECTIONS

‘This Is Us’ To End With Season 6

NBC’s award-winning and top-rated drama series This Is Us will come to an end with its sixth season. Sources tell The Hollywood Reporter that the network is poised to announce on Friday that its time-jumping family tear-jerker from creator Dan Fogelman will close its run during the upcoming 2021-22 broadcast season.

Univision Looks To Build Tentpoles As It Pursues Long-Term ‘Transformation’

The Spanish language television giant is in the midst of significant change. Not six months into new ownership and a new CEO (former Viacom CFO Wade Davis), the company announced a larger merger with the Mexican TV giant Televisa and plans to go global in the streaming video space.

Tegna Taps Julie Eisenman As WNEP GM

She moves from content director at the company’s WLTX Columbia, S.C., to lead its ABC affil in Wilkes-Barre/Scranton, Pa., following Chuck Morgan’s retirement.

OVERNIGHTS

‘This Is Us’ Returns Steady On Tuesday

NBC’s This Is Us returned from a month-long break to 4.9 million total viewers and a 0.8 demo rating, holding steady to lead Tuesday in the demo. On CBS, NCIS (8.6M/0.6) slipped two-tenths in the demo, though it easily commanded Tuesday’s largest audience.
  1. 1.
    CBS:
    0.6
    4
  2. 2.
    NBC:
    0.6
    4
  3. 3.
    FOX:
    0.4
    3
  4. 4.
    UNI:
    0.4
    2
  5. 5.
    ABC:
    0.3
    2
  6. 6.
    TELEMUNDO:
    0.3
    2
  7. 7.
    CW:
    0.2
    1
  8. Source: Nielsen

Tech Critic Lina Khan Approved By Senate Committee For FTC

The Senate Commerce Committee on Wednesday approved the nomination of Lina Khan to be a member of the Federal Trade Commission, clearing the way for a vote by the full Senate that would make her, a prominent critic of the tech giants, one of its most powerful regulators. The nomination of Khan, 32, has buoyed progressive hopes that President Biden will try to rein in Silicon Valley.

Podcast Advertising To Surpass $1B This Year

U.S podcast advertising is poised to grow as much in the next two years as in the entire past decade, according to a podcast revenue study conducted by PricewaterhouseCoopers for IAB, released during the association’s Podcast Upfront on Wednesday. Podcast advertising revenue rose to $842 million in 2020, from $708 million in 2019, helped by a particularly robust, 37% year-over-year gain in the fourth quarter.

Discovery CEO Rips Nielsen Over Viewer Undercounts

Like many media executives, Discovery CEO David Zaslav is not happy with Nielsen, which admitted Tuesday that it may have undercounted viewers during the pandemic. During a conversation Wednesday at MoffetNathanson’s annual media and communications summit, Zaslav blasted Nielsen’s “antiquated system of measurement,” arguing that its ratings were inaccurate even before this latest snafu.

Golden Globes’ Survival In Doubt As NBC Mulls Options

NBC’s swift decision May 10 to cancel the 2022 Golden Globes telecast took most in Hollywood by surprise — even inside the network, where the announcement was made so fast (to avoid news leaks) that it wasn’t widely shared internally beforehand.

Rosenworcel Asks Broadcasters To Promote Broadband

Acting FCC Chairwoman Jessica Rosenworcel wants broadcasters to promote their over-the-top (broadband) competition, but in a good cause. In an OTT video speech to the National Association of Broadcasters virtual State Leadership Conference this week, Rosenworcel praised broadcasters as vital first informers, including providing key help for small businesses, encouraging vaccinations, and other pandemic-related help, then hit them up for a public interest favor.

NETWORK RATINGS ROUNDUP, MAY 3-9

Elon Musk Moves Ratings As Host Of ‘SNL’

In primetime last week, CBS was the most-watched network with an average 4.8 million viewers. NBC had 3.2 million, ABC had 3 million, Fox had 2.3 million, Univision had 1.3 million and Telemundo had 960,000. Fox News Channel topped the cable networks, averaging 2.1 million viewers in primetime. MSNBC had 1.5 million, HGTV had 1.2 million and CNN had 907,000.

NEWS ANALYSIS

Why Is New TV So Much Like Cable?

There are constant fights among powerful digital companies over what streaming video apps appear on our living room TV sets. It shows how the overlords of new TV are falling into the same bad habits as old TV. Here's why fights over money, power and our personal information are popping up all over streaming entertainment, and how we’re caught in the middle.

‘Saboteur,’ ‘St. Elsewhere’ Star Norman Lloyd Dies At 106

His credits stretched from the earliest known U.S. TV drama, 1939′s On the Streets of New York on the nascent NBC network, to 21st-century projects including Modern Family and The Practice. His other TV credits include roles in Star Trek: The Next Generation, Murder, She Wrote, The Paper Chase, Quincy M.E., Kojak and two Alfred Hitchcock series.

WEEK ENDING MAY 10

Station Trading Roundup: 2 Deals, $500,000

The purchase of KNXT-LP Bakersfield, Calif., by My Central Valley LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Black-owned media upfront 2021 unveils partial speaker lineup

Fresh from commitments from major advertisers and an agency holding company to boost their spending on Black-owned media, the Black-Owned Media Upfront announced a partial lineup of speakers today. Presenters will include, clockwise from upper left, Butch Graves, president-CEO, Black Enterprise; Roland Martin, founder, Nu Vision Media; Michele Ghee, CEO, Ebony & Jet; Paula Madison, chairman-CEO, Madison Media Management; Detavio Samuels, CEO, Revolt Media; and Byron Allen, founder, chairman and CEO, Allen Media Group.  Register to attend here and please register again if you initially registered prior to Wednesday, May 5. Start times for this event: Tuesday, May 11: 3 p.m. ET. Wednesday, May 12: Noon ET. 

TVN’S MEDIA JOBS

New Job Openings Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include openings for a general manager, a creative services director, meteorologist, multimedia journalists, morning news anchor and master control operator/newscast director.

TVN WORKING LUNCH WEBINAR

TV’s Digital Execs On Facing New Frontiers

Digital and content leaders from ABC Owned Television Stations, Tegna, Graham Media Group and Allen Media Broadcasting will chart the industry’s next steps on mobile, desktop, streaming and social media — and where the revenue will come from — in this June 24 TVN Working Lunch webinar. Register here.

Best Practices For Generating Streaming News Revenue

A panel at TVNewsCheck’s June 9 virtual conference, Streaming News 2021, will detail the most effective ways of monetizing streaming news content with executives from Disney Advertising Sales, The E.W. Scripps Co., Cox Media Group and CBC. Register here.

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