CLOSING BELL

Dow Gains 565, Nasdaq Adds 418, S&P Rises 105

On Friday, stocks ended a turbulent week with the biggest gains of the year. The strong finish marked a reversal for the indexes, which had all been in the red earlier in the day. The Nasdaq managed the biggest about-face, recovering from a 0.9% deficit. Friday was only the latest in a string of sudden moves up and down this week.

U.S. Podcast Ad Spend Spiked 21%, To $590M, In 2021

U.S. podcast advertising spend jumped 21% in 2021, to reach nearly $590 million, according to new data from MediaRadar. Spending rose by 46% year-over-year in 2Q, and 31% YoY in 3Q. Vertical categories showing double-digit growth in spend included tech, media and finance. The top 10 categories accounted for 83% of total podcast spend for the year:

Longtime Wall Street analyst Alexia Quadrani is moving across the aisle to lead investor relations for Disney. Quadrani served as managing director and senior analyst for U.S. Media Equity Research at J.P. Morgan for the past 14 years. Her official title will be senior vice president and she will report to Disney CFO Christine McCarthy.

BRAND CONNECTIONS

Paul Pytlowany Named WWJ-WKBD News Director

The veteran of the CBS Detroit duopoly is the first executive appointed to work on the creation of CBS News and Stations’ local news startup, CBS News Detroit, a full-scale, hyper-local news department that is being built from scratch and will launch later this year.

Senate Panel Weighs In On Journalism Competition Issues

The Senate Antitrust Subcommittee has scheduled a hearing next week titled “Breaking the News — Journalism, Competition and the Effects of Market Power on a Free Press.” The Feb. 2 hearing is likely to include some focus on a proposed Senate bill, the Journalism Competition and Preservation Act, which would grant publishers immunity from federal and state antitrust laws for  48 months while they bargain collectively with digital platforms.

TVN’S FRONT OFFICE

Conquering the ‘Imposter Syndrome’

Have you just been promoted, or likely to be soon? You might be surprised to suddenly feel like you’re not capable of handling the move. But a very specific set of steps can relieve the feeling that you’re faking it when you step into a higher position.

Discovery Far And Away Made The Most TV Shows In 2021

Discovery Inc. was by far the most prolific commissioner of TV shows last year and it extended the lead it established in 2020. According to research from Ampere Analysis, Discovery commissioned 556 first-run TV titles in 2021, 153 more than second-place ViacomCBS with 406. Netflix came in third with 403 followed by Disney, the BBC and Comcast with 387, 373, and 353 first-run shows, respectively. Discovery could likely extend its lead again this year if the company closes its merger with WarnerMedia and adds HBO and Turner to its portfolio.

Gigi Sohn Will Recuse From Retrans, Broadcast Copyright Issues

Democratic FCC nominee Gigi Sohn has promised that, if confirmed to the commission's open seat, she will recuse herself from decisions where retransmission consent or TV broadcast copyright are material issues. That came in a letter to acting FCC General Counsel Michelle Ellison Thursday (Jan. 27).

2022 Update On Super Bowl Advertising, Promotions

There was record viewership for the last-second victories in each of the 2022 NFC and AFC Divisional Round games.  Thus, the interest in this year’s Super Bowl game may be unprecedented and advertisers may want to take advantage. It's important to review some guidelines about engaging in or accepting advertising or promotions that directly or indirectly reference the Super Bowl without a license from the NFL.

NEWS ANALYSIS

Will DirecTV Drop Push OAN To Streaming?

Beneath all the ideological noise is a simple business truth — pay TV is less and less able to support niche channels across the political dial.

TVN’S MEDIA JOBS

New Jobs Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include openings for a primary news anchor, a weekday evening anchor, a weekend morning anchor/reporter/MMJ, and a reporter/MMJ.

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