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PROGRAMMING EVERYWHERE 2024
Wounded and limping, doubting its own future, American journalism seems to be losing a quality that carried it through a century and a half of trials: its swagger. Swagger is the conformity-killing practice of journalism, often done in defiance of authority and custom, to tell a true story in its completeness, no matter whom it might offend. It causes some people to subscribe and others to cancel their subscriptions, and gives journalists the necessary courage and direction to do their best work. Swagger was once journalism’s calling card, but in recent decades it’s been sidelined.
QUARTERLY REPORT
Disney Posts Better-Than-Expected Quarterly Results, Nears Streaming Profitability Goal
Revenue for the quarter ended March 30 increased to $22.1 billion from $21.8 billion in the year-earlier period. Excluding items, diluted earnings per share for the quarter increased to $1.21 from 93 cents. Analysts had been expecting revenue of $20.53 billion and earnings per share of $1.02.
BRAND CONNECTIONS
QUARTERLY REPORT
Gray Television Q1 Revenue Rises 3%
The increase to $823 million was pegged to higher core advertising as well as higher driven by the 2024 Super Bowl.
Exclusives
ABC, NBC, CBS and CNN all face questions about their future, just as one of the toughest journalistic assignments looms.
Meta Platforms is urging a federal appellate court to reconsider a recent 2-1 decision allowing Facebook and Instagram advertisers to proceed with a class-action fraud lawsuit over inflated metrics. In papers filed with the 9th Circuit Court of Appeals, Meta says the panel ruling doesn't “make any sense in a case like this,” given that the class of affected advertisers includes entities ranging from Fortune 500 companies to small businesses to government agencies. Meta adds that the ruling will make it “virtually impossible” for defendants in other lawsuits to oppose class-action certification.
TV news is shrinking. Does ABC News need its own commanding officer when it's being made part of a different army?
Radziul adds oversight of a portion of the company’s portfolio of stations, joining Executive Vice Presidents Ashley Gold and Eric Meyrowitz, and Vice President, New England, Kyle Grimes, managing operations of the group. He will continue to supervise the company’s government affairs and its distribution relationships.
Reporting to Shawn Donilon, she will provide strategic public policy counsel to assist NAB in developing policy positions and formulating advocacy strategies to address critical issues affecting the broadcast industry.
TVN’S MEDIA JOBS
New Jobs Posted To TVNewsCheck
New jobs posted to TVNewsCheck’s Media Job Center include an opening for a director of student media and a national operations director. Existing openings include a digital platform specialist, an account executive and a sales director.
Streaming sales leaders from Gray Television, E.W. Scripps, Hearst Television, Ticker and Megaphone TV will share the latest developments in technology and strategy for OTT and FAST channels. Learn more about this critically important revenue source for broadcasters in a TVNewsCheck Working Lunch Webinar on May 16. Register here.
