Stocks moved lower Tuesday on economic data and remarks from Fed Chairman Jerome Powell. The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.
People on average pay for three subscription OTT services, and around 7% of households have more than five. Of these subscription bundles, 11% of people have Netflix and Amazon subscriptions with a third streaming service. Although niche services tend to have higher churn rates, annual rates of around 30% compared with 20% for broader-content streaming services like Netflix or Amazon.
“We are running into the global arena faster than anybody,” Jeff Hirsch told an investors conference as he decided against commenting on CBS possibly eyeing the premium cable channel as an acquisition target for $5 billion.
For the second straight year, shareholders have rejected a multimillion-dollar pay package for the CEO of the largest owner of television stations in the nation. At issue was $41.4 million in future stock awards to Nexstar Media Group CEO Perry A. Sook under a four-year contract extension he signed in January.
Hallmark Channel and Hallmark Movies & Mysteries, the Crown Media Family Networks, posted double-digit percentage increases in the cost per thousand viewers and total dollar volume for the current upfront TV advertising market, according to the company. Crown Media did not reveal financial details.
The Supreme Court struck down a section of federal law Monday that prevented businesses from registering trademarks seen as scandalous or immoral, handing a victory to California fashion brand FUCT.
U.S. stock indexes finished mixed Monday ahead of trade talks. The major stock indexes drifted between small gains and losses for much of the day, though smaller company stocks had their worst day since May. The losses erased some of the market’s solid gains from last week, when the benchmark S&P 500 index closed at an all-time high.
A year after the United States Supreme Court struck down a 26-year-old federal law that prohibited sports betting, many broadcasters are still hedging their bets on where television fits into the picture. However, Sinclair Broadcast Group has gone all in. And Sinclair isn’t the only player at the table.
Data Plus Math, the company that helped A+E Networks and NBCUniversal offer some of the first TV-related business outcome guarantees to marketers, has been acquired by LiveRamp, the data-management platform company for marketers. The deal is for $150 million — $120 million in cash and $30 million in “time-based” equity.