CLOSING BELL

Dow Moves Up 69, Nasdaq Rises 112

Wall Street rose Tuesday, pushing the S&P 500 back near a record high. The index climbed 21.65, or 0.5%, to 4,246.44 after Fed Chair Jerome Powell's comments helped further calm markets, which were jolted by last week's announcement that the Fed has begun planning to eventually offer less support to the economy. The S&P 500 got back within 0.2% of its all-time high set two Mondays ago, after dropping as much as 2.1%.

Byron Allen’s Entertainment Studios has ordered We the People With Judge Lauren Lake, a daily/strip one-hour syndicated court series that will be available to broadcast TV and global cable, network and digital platforms in fall 2022. The series will be produced and distributed by Allen Media Group/Entertainment Studios.

BRAND CONNECTIONS

Overnights: ‘Bachelorette,’ Olympic Trials Lead Mon.

ABC’s The Bachelorette drew 3.3 million total viewers and a 0.9 rating, moving up in the demo week-to-week and dominating Monday in that measure. Over on NBC, the latest coverage of the U.S. Olympic trials delivered Monday’s biggest audience (3.8M) along with a 0.6 rating.

Should Reporters Challenge Or Ignore Election Disbelievers?

Back in December, Matt Negrin, a former journalist and now producer at Comedy Central's “The Daily Show,” wrote a column for The Washington Post saying that TV journalists who invite Republicans on the air should begin by asking if they believed Biden won the election. If they don't say yes, the interview should end. Many in the news business believe that stance goes too far, that a journalist's role is to question ideas and point out inaccuracies or outright fictions, not to pretend they don't exist. Two Sunday morning hosts, Jake Tapper and Chris Wallace, recently revealed themselves as polar opposites on the point.

TVN FOCUS ON JOURNALISM

Reporter Safety A Story That Won’t Go Away

Since attacks on journalists dramatically escalated last year, station groups have tightened safety protocols and veteran reporters are going into potentially volatile environments with escape routes at the ready. Even after 2020’s violent crescendo, journalists must be constantly vigilant against threats that “can happen spontaneously,” says Ruschell Boone, a reporter with NY1.

Supreme Court Finds For Athletes In NCAA Case

The high court agreed with a lower court’s determination that NCAA limits on the education-related benefits that colleges can offer athletes who play Division I basketball and football violate antitrust laws. The case is important in the short term for students who may see schools competing for talent by sweetening their offers with a variety of education-related benefits. It's also important in the long term because it sets the stage for future challenges to NCAA rules limiting athletes' compensation.

IBC Launches Registration For IBC2021

This year, IBC is doing things differently with more content than ever available for free to the IBC Community — at the show and online. An expanded content program will take place across five stages, and attendees will be able to use IBC Digital to watch on demand and streamed content as well as book meetings direct with exhibitors.

Mark Harmon Eyes Very Limited Presence In Season 19

CBS’s decision to keep the specifics of NCIS star Mark Harmon‘s alleged “limited” Season 19 commitment under wraps is beginning to make sense. Multiple sources confirm to TVLine exclusively that Harmon is slated to appear in a relatively small number of episodes next season. One insider close to the CBS procedural said: “It’s going to be in the low single digits.” Another source says the actor will make only “a few” appearances throughout the season.

While Google and Facebook remain the world's biggest advertising behemoths, four of China's media companies now rank among the world's top 10, including TikTok owner Bytedance, which barely even existed just a few years ago. The findings are based on estimates just released by GroupM's Business Intelligence unit, and are pro-forma calculations based on an analysis of advertising revenue estimates from company reports.

Netflix Passes On More ‘Manifest’

After lengthy conversations and deliberations that stretched into this week, Netflix has opted not to order a fourth season of Manifest following the series’ cancellation by NBC after three seasons, sources said. The streaming giant, which recently released the first two seasons of the missing plane drama, had been considered the most viable option for Manifest. With that, Manifest studio Warner Bros. Television has concluded its efforts to find a new home for the series.

Feds Recommend Lighter Sentence For Allison Mack

Mere days away from sentencing for her involvement in the NXIVM cult, former Smallville actress Allison Mack on Monday got an unexpected helping hand from federal prosecutors.

David Katz, Fox Sports Digital Head, Set To Exit

David Katz, EVP of digital at Fox Sports, will leave the Fox Corp. division this fall after three years. Katz is departing to “return to my entrepreneurial roots,” he wrote in a memo to Fox Sports staff Monday. He also will serve as non-executive chairman of ThePostGame, the digital sports content and marketing agency he founded in 2007 and previously ran before joining Fox Sports in September 2018.

Netflix Hires Michelle Lee As Editorial-Publishing VP

Michelle Lee, Allure’s top editor for the last five and a half years, is joining the Netflix marketing team in a newly created editorial and publishing role. She will lead and oversee Netflix’s team focused on social media channels, podcasts and other initiatives, including the streamer’s Queue magazine.

‘Rick And Morty’ Puts Entire Uncensored Season 5 Premiere Online

Adult Swim’s animated sensation Rick and Morty has posted its entire season 5 premiere online for free. The 10-episode new season launched Sunday evening, and the video was posted on YouTube early Monday. By midmorning, it had already racked up 1.7 million views and was the No. 2 trending video on the platform.

Media Merger Activity Picks Up As Pandemic Fades

Merger and acquisition activity in the media and telecom sector continued to pick up steam as the pandemic waned in the first half of 2021, according to a new report from PwC. There were 410 deals announced in the six months preceding May 15, worth $83 billion, according to PwC, up from 61 deals in the second half of 2020 and just 32 in the first half of 2020. PwC said the value of the deals is the highest it has seen in years.

TVN’S MEDIA JOBS

New Job Posted To TVNewsCheck

The most recent job posted to TVNewsCheck’s Media Job Center is for a vice president and general manager in the Livability-ranked No. 1 small-to-mid-size city in the country.

TVN Webinar To Explore AR/VR State Of The Art

Executives from CNN, The Weather Channel, Brainstorm and Planar will talk about how broadcasters are using augmented reality to enhance storytelling during a July 15 TVNewsCheck Working Lunch Webinar that will also explore how broadcasters are using virtual reality to create the next generation of news, weather and sports sets. Register here.

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.

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