The former head of Cox Media Inc., the advertising division of Cox Communications, will oversee the rep firm as well as Videa and Gamut. He succeeds David Palmer and Jason Morrow, the former president and COO, respectively, of Cox Reps, who left recently.
The social media giant misses Q2 targets and stock tumbles 23% as months of scandals over Russian misuse of the platform during the 2016 election, inappropriate distribution of users’ data and other issues tarnish the service’s once pristine image.
Everybody agrees that reducing the primetime commerical load in the face of all the ad-free online competition is worth a try, but the affiliates are worried that they may eventually be called on to chip in some of their precious primetime minutes.
National TV benefited from the World Cup on Fox and Telemundo, according to Standard Media Index. Taking out that special sporting event, national revenues were down 1%. Also, revenue from TV upfront deals were down 4% from last year.
Technology companies led a market rebound Monday. Banks and health care stocks also notched gains. Energy took the biggest losses as crude oil prices declined. Big department store chains and consumer goods companies also declined.
Just before midday Frday the Dow rose as much as 293 points, but those gains eroded as investors again focused on the trade concerns that have rocked the market since late February. Canada announced $12.6 billion in retaliatory tariffs on U.S. goods in response to the U.S. tariffs on steel and aluminum imports.
Comcast Corp., the second-largest U.S. pay-TV service, said it’s experiencing a nationwide interruption, affecting millions of customers. The Philadelphia-based TV, phone and internet service provider disclosed the problem Friday in a post on Twitter. “We’re currently experiencing a nationwide service interruption,” the company said. “We are working to have this resolved as quickly as possible.”
The company is moving him from Sacramento to succeed the retiring Chris Pike at KDKA and WPCW. Howell will assume his new role in July.