The S&P 500 and Nasdaq closed at record highs Tuesday as earnings reports rolled in. The S&P’s previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war between the U.S. and China, and concern the Federal Reserve was moving too aggressively to raise interest rates.
The Nexstar CEO says while the FCC’s ownership coverage cap is effectively at 78% now, broadcasters would like the Pai FCC to lock it in at that level so that some future FCC with a Democratic majority cannot easily reset it at 39% by once again repealing the UHF discount.
Sinclair Broadcast Group, the massive local conservative broadcaster that’s been criticized for pushing Pro-Trump talking points, has been hiring a slew of ex-mainstream news anchors as it pushes into national news coverage. It’s also reportedly in the running to buy up a handful of Fox’s regional sports networks. Sinclair’s hiring spree suggests that it’s looking to position itself as a national news competitor to Fox News ahead of the 2020 election, and as an overall competitor to big broadcasters with its foray into sports coverage.
Last year, CBS hired two law firms to conduct an independent investigation into alleged misconduct by then-CEO Leslie Moonves, as well as broader cultural issues at CBS. Here, Whitney Davis — a veteran of the company’s news and entertainment divisions — describes how the investigation prompted her to reconsider her nearly decade-and-a-half career at CBS.
“The empire is accidental,” says Seth MacFarlane as he sits atop the sort of rarefied showbiz kingdom — television shows, movies, acting roles, musical albums, merchandise — that only a handful of entertainment industry titans such as George Lucas and Walt Disney have known. MacFarlane, who is set to receive a star April 23 on the Hollywood Walk of Fame, says there was never a plan to build such a legacy, only to work on things that make him happy.
The company’s former sales director becomes president, succeeding Colby Atwood who now is executive director and senior adviser.
Convergence Research Group’s new study, “The Battle for the American Couch Potato: OTT and TV,” estimates U.S. OTT access revenue grew 37% to $16.3 billion in 2018 and will grow even further to reach $22 billion for 2019. It was based on 66 over-the-top providers, led by Netflix, Hulu and Amazon.
U.S. stock indexes ended Monday mostly lower after listless trading. Energy sector stocks climbed as the price of crude oil hit its highest level since October. However, banks and real estate companies posted losses. Smaller company stocks fell more than the rest of the market.
An unstoppable green wave, the global cannabis market is projected to reach $166 billion by 2025. Marketing marijuana remains challenging — even with more cannabis companies than ever.
Branding is a tool that has been used to promote and market everything from soft drinks and automobiles to political campaigns and sports. It has been an essential part of television news for decades, growing in importance as both technology and viewing options have exploded.