CLOSING BELL

Dow Finishes Up 221, Nasdaq Gains 63

Financial, technology and health care stocks powered much of a stock rally Thursday, which gave the S&P 500 its second straight gain and erased its losses from earlier in the week.

DMA 25: INDIANAPOLIS

Staff Cuts At WXIN-WTTV Indianapolis

As many as a dozen employees at Fox affiliate WXIN and independent WTTV, including one on-air reporter, were laid off Wednesday, roughly three months after Nexstar Media Group acquired the stations as part of its $4.1 billion deal to buy Tribune Media.

NBCU Strikes Data Deal With TVSquared

The company’s 42 NBC and Telemundo TV stations and nine regional sports cable outlets have formed a partnership with TVSquared, a company that tracks response to advertising in an effort to determine the effectiveness of the efforts.

BRAND CONNECTIONS

Ed Chapuis Named VP-GM Of KSBY

Scripps moves him from KGTV where he was news director to lead its NBC affiliate in San Luis Obispo, Calif.

PlaceIQ And FourthWall Media Partner To Connect TV Advertising With In-Store Visits

FourthWall Media, a provider of television analytics, and PlaceIQ, which offers aggregated location data, have partnered to help advertisers and brands see, measure and improve the effectiveness of their TV advertising on in-store visitations. Powered by FourthWall’s Reveal analytics platform, the offering uses anonymized matching of TV ad exposures with mobile location data to determine the impact […]

Vizio Launches Smart TV Advertising Business

TV manufacturer Vizio has debuted Vizio Ads, a new business unit that will let brands, agencies and advertisers purchase TV ad inventory across the Vizio SmartCast platform. Ad inventory will be available within the launch and discovery environment, partner OTT apps and throughout Vizio’s WatchFree service.

Dish Picks FreeWheel For Linear, Addressable Ads

Dish Media, a provider of national addressable advertising, said it will employ a new technology platform from Comcast’s FreeWheel that handles both linear and addressable advertising, enabling the company to optimize campaigns against both types of inventory.

CLOSING BELL

Dow Moves Up 30, Nasdaq Adds 38

U.S. stocks notched modest gains Wednesday, shaking off a mixed start after the Federal Reserve announced it is would be leaving interest rates unchanged this month and signaled that it expects to leave them alone in 2020.

DMAS 90 & 148

Quincy Adds Comscore In Two More Markets

The move follows Quincy Media’s adoption of the measurement service at its WXOW in La Crosse, Wis.

Cable To Subs: Blame Hikes On Retrans, Sports

Comcast, Cox Communications and Charter Communications are blaming retransmission consent fees and sports rights for hikes to their monthly cable rates.

ViacomCBS Begins First Round Of Layoffs

The media company behind Showtime and Nickelodeon is swinging the ax at CBS’s finance department, which is housed in the network’s Midtown Manhattan “Black Rock” headquarters, according to sources.

NBCU Has Sold $1B+ In Summer Olympics Ads

Eight months before the start of the Toyko Summer Olympics, NBCUniversal says it has pulled more than $1 billion in national TV ad revenues — a double-digit percentage gain vs. the same time period prior to the 2016 Rio Summer Olympics. Dan Lovinger, executive vp of ad sales, NBC Sports Group, says about half of the Toyko Olympic advertisers are new marketers.

Fox Corp. Aims For ‘Surgical Strikes’ In M&A

“You shouldn’t think of us doing something like a station group acquisition,” Fox CFO Steven Tomsic said Tuesday at the UBS Global Technology, Media & Telecommunications Conference.

WEEK ENDING DEC. 12

Station Trading Roundup: 1 Deal, $81.2M

The purchase of eight stations by WRNN Associates LP tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

CLOSING BELL

Dow Drops 28, Nasdaq Finishes Down 6

U.S. stocks dipped Tuesday ahead of a new round of U.S. tariffs that are scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world.

STATION ADVISORY

More CBD Issues For Advertisers

In a recent action, the FDA issued 15 warning letters to companies marketing CBD products – warning them about marketing both for edible products and for health claims. The FDA also released a Consumer Update warning consumers about many of the potential risks of CBD use and included a litany of advertising issues that the FDA found problematic, beyond the simple issues of advertising products to be ingested and making specific health claims.

NBCU Strategy Chief Dave Howe Leaving

Dave Howe is leaving his role as president of strategy and commercial growth at NBCUniversal after 18 years. Howe announced the news Tuesday in an internal memo.

Big Tech Is Under Attack And Investors Don’t Care

Giant tech stocks have posted a remarkable year, shrugging off the trade war, bipartisan political hostility and regulatory threats.

IAB: Higher Ad Growth For OTT Platforms

In the wake of continuing strong growth OTT projections, the Interactive Advertising Bureau has released an overview of the space that cites 37% growth in advertising spending on OTT platforms in 2019 to almost $7 billion. But the IAB does have concerns about the future of streaming when it comes to new services that may be looking to restrict TV program content and/or data for potential marketers.

DMA 50: NEW ORLEANS

WVUE’s Ingram Leads Big Upset In Big Easy

In the TV business, WWL was as much a New Orleans landmark as Jackson Square or Café du Monde. The CBS affiliate dominated the Crescent City for decades, until General Manager Tim Ingram and his team from Fox affiliate WVUE flipped the market.

AT&T Sets 2020 DirecTV, U-Verse Price Hikes

AT&T, which is trying to chip away at its large debt load and manage through a period of secular decline in its traditional pay TV businesses, has set a round of price hikes at DirecTV and U-verse. Beginning Jan. 19, 2020, some customers of the satellite and cable outlets will see their monthly packages rise by $1 to $8 a month depending on the tier.

CLOSING BELL

Dow Closes Down 105, Nasdaq Drops 35

Trading on Wall Street was mostly muted Monday as investors looked ahead to a busy week of economic reports and an interest rate policy update from the Federal Reserve. The market also remained focused on developments in the trade negotiations between the U.S. and China.

CBS Joins OpenAP Advertising Alliance

CBS has joined Open AP, the audience-targeting alliance working to accelerate the emerging advertising practice known as “audience buying.”

ViacomCBS To Sell Black Rock Headquarters

Three days after the long-awaited merger of CBS and Viacom closed, the combined company has decided to sell off the fabled headquarters building of CBS known as Black Rock. Bob Bakish, CEO of ViacomCBS, confirmed the company is proceeding with the divestiture during an appearance at the UBS TMT Conference in New York.

7,700 Media People Lost Their Jobs In 2019

The media industry continued to execute cuts in December and November as Gannett, Highsnobiety, and the CBC reduced headcounts. The cuts followed large rounds of layoffs and buyouts earlier in the year from companies including BuzzFeed, Verizon, and Vice Media. The massive cuts this year represent a recent trend in media that has seen upstart companies and newspapers alike shrinking and disappearing.

T-Mobile-Sprint Merger May Be Derailed By Dish’s Charlie Ergen

CBS O&Os Face Harassment, Misogyny Claims

A Los Angeles Times investigation uncovers claims of discrimination, retaliation and other forms of mistreatment at the CBS-owned television stations. Above, sports reporter Jill Arrington has struggled to find work since being dismissed by KCBS Los Angeles. In December 2019, She publicly accused the company of paying her significantly less than her male counterparts. (Credit: Carolyn Cole / Los Angeles Times)

Q&A WITH MIKE REED & PAUL BASCOBERT

Gannett: Reporting Jobs Will Be Last To Be Cut

Executives of the newly merged Gannett, which was purchased by GateHouse, have said that while they plan major cost cuts, they hope to protect reporting jobs. Gannett CEO Mike Reed and the head of its new operating unit, Paul Bascobert, talk about their plans.

CLOSING BELL

Dow Climbs 337, Nasdaq Gains 86

The S&P 500 notched a weekly gain Friday as jobs growth blew past forecasts. The Labor Department said employers added 266,000 positions, well above estimates of 184,000.

Bloomberg Tops TV Ad Spend At $7.1M

Since announcing his run for president almost two weeks ago, Michael Bloomberg’s 2020 campaign has placed around $7.1 million in TV commercials of the intended $37 million that the campaign announced it would be spending.