CLOSING BELL

Dow Finishes Down 152, Nasdaq Slides 18

U.S. stocks closed lower Tuesday amid jitters over a virus outbreak. The selling in U.S. stocks followed losses in Asian and European markets as investors worried that the new coronavirus spreading in the world’s second-largest economy could hurt tourism and ultimately economic growth and corporate profits.

Tegna Letter To Shareholders Addresses Board Issue

Tegna Urged To Consider Sale, Merger

Another large investor in Tegna wants the station group to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, two people familiar with the matter said. Hedge fund HG Vora Capital Management, which owns about 4% of Tegna’s stock, is the third investor to push for changes at Tegna. Standard General has laid the groundwork for a proxy contest and Donerail also wants changes to be made.

BRAND CONNECTIONS

Carolyn Connolly Joins CBS Television Stations As Human Resources SVP

Carolyn Connolly today was named senior vice president, human resources, CBS Television Stations. Connolly, who has been with CBS Corp. (now ViacomCBS) for 12 years as SVP of human resources at Simon & Schuster, is based in New York. She assumes responsibility for overseeing the station group’s HR function following the retirement of Robin Bona […]

NFL Regular-Season Ad Unit Pricing Up Nearly 9%

NFL regular-season games — from September to November — witnessed a nearly 9% increase in 30-second commercial unit rates, according to Standard Media Index. In addition, the NFL overall had 10% higher TV advertising revenue during that period.

Amy Doyle Leaving As GM Of MTV, VH1, CMT, Logo

Bloomberg Spending Hikes Ad Prices For Others

Michael Bloomberg’s big-spending, shock-and-awe TV ad campaign has made politicking more expensive for everyone from his 2020 rivals to Senate, House and state legislative candidates around the country.

Joe Bures, Longtime NBC Business Executive, Dies At 83

Ads Are Staying Away From Politics

A desire not to offend potential customers in a divided nation, as well as wariness of President Trump’s Twitter account, means fewer topical ads.

Dish Blacked Out By Apollo Northwest Stations

Dish Network said that its subscribers lost access to the signal from stations bought by Apollo Global Management in 10 markets at 7 p.m.  Saturday as retransmission consent negotiations failed. Apollo acquired the stations from Northwest Broadcasting last year.

CLOSING BELL

Dow Advances 50, Nasdaq Adds 32

Technology and communications stocks pushed U.S. stock indexes to more records Friday. Energy sector stocks were the only decliners. Bond prices fell, sending yields higher.

MRC Revokes Accreditation For Hulu, 2 Others

The Media Rating Council today revoked accreditation for measurement services from Extreme Reach, Hulu and Protected Media, and denied accreditation for a service from DoubleVerify. It also granted accreditation for services from C3 Metrics, Hulu and Flashtalking.

Disney Drops Fox From 20th, Searchlight

20th Century Fox, a name and klieg-lit logo that stretches back 85 years in Hollywood, is dropping the word Fox, a move that may prevent consumers mistakenly thinking the movie studio has anything to do Rupert Murdoch’s polarizing Fox News media empire. It also dropped the Fox moniker from art-house sibling Fox Searchlight.

GOP Group Buys $1M In Impeachment Ads

A Republican group is launching a $1 million ad campaign aimed at pressuring Senate Republicans into calling witnesses during the impeachment proceedings against President Donald Trump.
Republicans for the Rule of Law, a group of anti-Trump conservatives, said the two ads will run nationally on both Fox & Friends on Fox News and Lou Dobbs Tonight on Fox Business every day next week.

Cox Media Given 60 More Days To Sell Ohio Newspapers

Nobody Makes Money Like Apollo’s Leon Black

The private equity CEO with a fearsome reputation skates on the edges of other people’s catastrophes and manages to walk away richer.

Alphabet Hits $1 Trillion Market Value

Google’s parent company becomes the fourth tech company — after Apple, Amazon and Microsoft — to reach the market milestone.

Ad Demand Falls Marginally At Year’s End

In a positive sign for the ad economy, demand slid only slightly from November to December 2019, according to the most recent data from the U.S. Ad Market Tracker, a collaboration of MediaPost and Standard Media Index. The index declined only 0.7% in December, which is a positive sign, because November historically is the highest-demand month of the year and the fall-off is normally more pronounced.

NBCU Expects $2.5B In Peacock Revenue, Break-Even By 2024

Four years after it launches, first to some Comcast subscribers in April and then nationally by July, the service will be bringing in $2.5 billion in revenue and breaking even. There will be 30 million to 35 million “active users” by that point, the company said.

THE PRICE POINT

The Price Point | An Ode To CBS’s Black Rock

My first thought when seeing Viacom’s announcement that William S. Paley’s architectural masterpiece Black Rock will be put on the market was horror. But then I checked. Black Rock is on the National Register of Historic Places, so I, for one, breathed a sigh of relief.

CLOSING BELL

Dow Climbs 267, Nasdaq Advances 98

Stock indexes rallied Thursday to set more record highs. A batch of solid economic data injected more optimism into markets a day after the signing of an initial trade deal between the U.S. and China.

LeGeyt Succeeds Ornelas As NAB COO

COO Chris Ornelas leaving to become Beasley Media Group general counsel; NAB Government Relations head Curtis LeGeyt is promoted to succeed him. Also, April Carty-Sipp, Shawn Donilon and Trish Johnson all were bumped up to executive vice presidents.

Hulu To Intro Choice-Based, Transactional Ads

Hulu is preparing to roll out new forms of advertising this year — one which will allow viewers to have more say in the ads that play, and another that lets the viewer engage with the brand in question, either by getting information sent directly to their mobile phone or by using QR codes. In later months, It is also considering digital product insertion to enhance the ad opportunities within its own original programming.

Analyst: Netflix Content Spend To Top $17B

Netflix will spend $17.3 billion on content in 2020, according to a new forecast by Dan Salmon, an analyst with BMO Capital Markets. The company spent a bit more than $15 billion in 2019. Salmon sees the tally rising past $26 billion by 2026.

FreeWheel: Most Marketers Use Advanced TV

A majority of marketers are using forms of advanced TV advertising to reach target audiences, according to a new survey for Comcast’s ad tech company FreeWheel conducted by Advertiser Perceptions. The survey of about 300 marketers and agencies found that 66% of respondents have bought advertising on over-the-top or connected TV.

Local Media Association, Local Media Foundation Announce New Board Appointments

The Local Media Association announced the appointment of seven new directors to its board, while the Local Media Foundation announced two new board director appointments. All new appointments take effect immediately. New LMA and LMF board members come from a range of local media interests, including newspaper groups, public and for-profit broadcasters, local media digital […]

BIA: NextGen TV To Drive Local Growth

In addition to advanced TV, the forecast examines growth across TV OTA, TV online, OTT, retrans and non-broadcasting.

DMA 25: INDIANAPOLIS

Christine Warren Named WTHR Marketing Dir.

The Tegna marketing expert is tapped to oversee audience and brand development at the group’s Indianapolis NBC affiliate.

ViacomCBS Sets Ad Sales Team Lineup

ViacomCBS reorganized its ad sales team a month after Viacom and CBS combined and top sales executives from units including Pluto TV, Pop and Smithsonian Channel will be leaving the network. Jo Ann Ross, who had been with CBS before the merger and was given the top job at the combined company over Viacom’s Sean Moran, will continue to have former CBS executives David Lawenda, John Bogusz, Linda Rene, Dave Morris and Chris Simon reporting to her.

DMA 66: HONOLULU

Katie Pickman New GM Of Gray Honolulu Duo

She is promoted from head of sales to succeed the retiring Rick Blangiardi, who plans to run for mayor of Honolulu.