Net income increased to 98 cents per share on a diluted basis, up from 31 cents in the year-ago quarter. Total revenue reached $143.3 billion, up 13%. Both metrics were about 15% ahead of analysts’ consensus outlook.
Dow Drops 570, Nasdaq Falls 325, S&P Loses 80
Wall Street's ugly April got even worse as it tumbled across the finish line on Tuesday.
RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.
Google To Pay Up To $6M To News Corp For New AI Content
Skydance mogul David Ellison is making his play for Shari Redstone's empire and an executive trio is holding down the fort as the "Office of the CEO" while analysts parse target share prices.
Samsung’s ad-supported streaming platform Samsung TV Plus is putting more sports in its lineup with free channels about baseball, golf, hockey, auto racing and combat sports.
Eight U.S. Newspapers Sue ChatGPT-Maker OpenAI And Microsoft For Copyright Infringement
The New York Daily News, Chicago Tribune, Denver Post and other papers filed the lawsuit Tuesday in a New York federal court.
Michael Corn is named president of programming and specials while Cherie Grzech becomes president and managing editor of news and politics. The two sign multi-year contract extensions as the network plans to expand news programming to 24-hours per day later this spring.
Pappas launched what was once the largest individually owned station group in the U.S.
Cox Media Group and Dish have ended a dispute over retransmission fees that lasted nearly a year and a half with “a new multi-year agreement that will restore all CMG stations on Dish, effective immediately,” the two companies said in an extremely brief statement Monday.
Hunter Biden is threatening to sue Fox News for defamation, exploitation of his image and publication of hacked photographs, according to a letter obtained by Axios that was sent to the news channel last week. It's the latest salvo in the president's son's more aggressive legal and press strategy over the past year amid criminal charges and tabloid coverage, and first big move after navigating the impeachment inquiry into his father.
The regional sports network that airs Pittsburgh’s MLB and NHL teams is launching a direct-to-consumer streaming service, the latest to take the step as more fans cut the cord. SportsNet Pittsburgh on Monday unveiled SNP 360, which will cost fans in its local market $17.99 a month to watch Pirates and Penguins games outside of the pay TV bundle. Viewers with pay TV subscriptions will also have access to the app.
To further boost the impact of Threads, Meta is offering influencers and high-profile creators $5,000 to post on its decentralized X competitor app, according to a screenshot shared by social media expert Matt Navarra. In a breakdown provided by Meta, the tech giant clarifies that the Threads bonus “is an invite-only bonus program,” adding that “if you are invited, you will receive a pop-up notification and an invite that appears in your Professional Dashboard on the Instagram app.”
The service is backed by U.K. broadcasters BBC, ITV, Channel 4, and Paramount Global's Channel 5.
Kevin Curran: Today’s journalism students are tethered to their phones for information. Their professors and the broadcasters who would hire them need to work together to bridge a widening chasm.
The league is in advanced stages of a new round of media-rights deals; Disney’s payments would increase under the proposed deal.
The company’s new office of the CEO thanked departing CEO Bob Bakish who left shortly before Monday’s call with analysts during which it took no questions. In the first quarter, the company’s total income increased 6% over the same quarter in 2023, to almost $7.7 billion, helped by Super Bowl advertising, which especially boosted the TV Media unit, which includes the company’s broadcast and cable network properties. Ad revenue was up 14%, thanks to a 23-percentage-point kick from CBS’s Super Bowl broadcast.
New Jobs Posted To TVNewsCheck
New jobs posted to TVNewsCheck’s Media Job Center include an opening for a digital platform specialist. Other existing job openings include ones for an account executive, executive producer, meteorologist, weekend anchor, sales manager, senior newscast producer, digital video producer and reporter.
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.