Dow Adds 43, Nasdaq Gains 21, S&P Rises 5

Wall Street drifted higher Friday, marking the fourth winning week for the S&P 500. Tesla was at the front of the market, rallying 4.1% after announcing General Motors electric vehicles will be able to use much of its extensive charging network beginning early next year. GM rose 1.1%.


Nexstar Ups Carter Murphy To GM In Augusta-Aiken

The broadcast sales executive with more than 25 years of in-market experience will oversee WJBF and its website, mobile apps, and related social media channels, succeeding the retiring Bill Stewart.

The series about the life of Jesus is from creator, director and producer Dallas Jenkins (The Resurrection of Gavin StoneWhat If…Midnight Clear) and stars Jonathan Roumie as the King of Kings. It will premiere on Sunday, July 16, and will continue its run through the fall, with the Season 3 finale airing on Christmas Eve.


Chris Licht’s Failure At CNN Is A Bad Sign For The News Industry

Jeffrey M. McCall: "Licht’s failure is bad not only for CNN, which is now likely to remain saddled with historically bad ratings, but for the journalism industry as a whole. He was run out of town by the various forces that no longer see a value in information-based, serious, nonpartisan journalism, including the social media mobs who decried Licht’s strategy to reach a wider range of viewers than just the left-of-center audience CNN had catered to for years. Joining the war on Licht were CNN employees themselves, who savaged their boss in a recent magazine report."

On the heels of announcing several new ad formats and allowing members to direct message brands, LinkedIn has announced a new generative AI option for ad creation that provides marketers with automated variations of ad copy and headlines. According to the company, LinkedIn's AI-generated copy suggestions use advanced OpenAI GPT models to leverage data from marketers' LinkedIn page and Campaign Manager settings -- including ad objectives, targeting criteria and the desired target audience -- to help guide the ad creation process.

Every Major Cable & Broadcast News Network Now Run By Women

With the appointment of three executives — Amy Entelis (pictured), Virginia Moseley and Eric Sherling — to lead CNN in the wake of the departure of boss Chris Licht, every major cable and broadcast news network is now run, at least in part, by women. They include Kimberly Godwin of ABC News, Rashida Jones of MSNBC, Rebecca Blumenstein of NBC News, Wendy McMahon of CBS News and Suzanne Scott of Fox News Media.

The media giant, which is saddled with a hefty debt load following the close of its merger last year, has been working to cut costs and make its streaming business profitable. The financial update, announced Wednesday, had been overshadowed by the turmoil at its news outlet CNN, where CEO Chris Licht was ousted.

Fox Corp. Board Under Investigation By Oregon Attorney General

Oregon’s Attorney General Ellen Rosenblum is investigating Fox Corp.’s board of directors for “breach of fiduciary duty” after Fox News repeatedly broadcast election lies in the wake of the 2020 election. That resulted in a historic $787 million defamation settlement with Dominion Voting Systems.

Analysts Present AI Impact Study To 4A’s Board

With half of all media already AI-enabled to some degree, media currently is the primary use of AI on Madison Avenue, according to a research analysis presented recently to the board of directors of the American Association of Advertising Agencies by the equity research analysts at New Street Research.

‘SportsCenter’ Anchor Neil Everett Leaving ESPN

Anchor Neil Everett is leaving ESPN. The famous SportsCenter anchor confirmed he’s the latest on-air talent to leave during the Walt Disney Co.-mandated downsizing of ESPN’s on-air TV/radio talent. The 61-year-old Everett has been one of ESPN’s most popular anchors for 23 years. The Portland native will seek to increase his role with the NBA’s Portland Trail Blazers.

‘Queen Charlotte’ Repeats Atop Streaming Rankings

Netflix’s Bridgerton prequel Queen Charlotte spent a second straight week as the top title in Nielsen’s streaming rankings — with a viewing time rank almost identical to its opening week. The parent series also rejoined the top 10. Queen Charlotte recorded 1.88 billion minutes of viewing for the week of May 8-14 — nearly equal to the 1.89 billion minutes from the prior frame. (Taking the numbers out one more decimal point, the series had 1.883 billion minutes for May 8-14 and 1.888 billion for May 1-7.)

Thomas W. Sarnoff, Legendary NBC Network Exec, Dies At 96

His father was RCA-NBC media mogul David Sarnoff, head of the fabled American media family, and he had a six-decade career helping usher in the era of television. He was born in New York City into the fabled American media family on Feb. 23, 1927, and legend has it he was television’s “first live star” — a test subject for the RCA-NBC demonstration of the TV medium at the 1939 World's Fair in New York.

Dish Network Desperate To Raise Money To Meet 5G Deadline

Dish Network appears increasingly desperate to sell assets and raise money — and continues to battle speculation from insiders that it could face bankruptcy. The struggling satellite TV giant is expected to meet its commitment to cover 70% of the U.S. with a 5G wireless network by the end of the month, but sources are growing increasingly skeptical that Dish will have money to finish its buildout.

Talking TV: AP Resets The Game On AI-Based Archive Search

Paul Caluori, AP's VP of global products, and Derl McCrudden, AP's VP and head of global news production, discuss the organization’s new AI-based archive search tool that circumvents the need for metatags and the shadow that generative AI casts over the industry at large. A full transcript of the conversation is included.


New Jobs Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include an opening for a meteorologist at Hearst’s ABC affiliate in Milwaukee, WISN.

TVN To Present Live Production In The Cloud Webinar

Leaders from Warner Bros. Discovery, Sinclair, Tegna, TAG Video Systems and Ross Video will discuss how the cloud’s use for live production is likely to advance this year in a TVNewsCheck Working Lunch Webinar on June 22 at 1 p.m. ET. Register here.

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