It was a mixed finish for U.S. stock indexes Thursday. Losses in banks and retailers and consumer products makers offset gains in health care stocks, technology companies and elsewhere in the market as investors weighed new data showing retail sales slumped in December amid a disappointing holiday shopping season.
The stunning withdrawal that would have brought 25,000 jobs to the city was a serious blow to Gov. Andrew Cuomo and Mayor Bill de Blasio, who had lobbied intensely to land the project, competing against more than 200 other metropolitan areas across the continent that were practically tripping over each other to offer incentives to Amazon in a fierce bidding war it openly stoked.
Univision is acknowledging the financial weakness of the Gizmodo Media Group digital media assets the company has purchased over the last few years, including the former Gawker Media Group publications it picked up in the summer of 2016. The company reported that the assets lost $32.5 million in the fourth quarter of 2018.
The agreement provides access to nielsen currency and consumer behavior data across Graham’s local TV market footprint.
Google’s massive footprint is only getting bigger in 2019. CEO Sundar Pichai said in a blog post on Wednesday that the company is building new data centers and offices and expanding several key locations across the U.S., spending $13 billion this year.
With rising programming costs, there’s long been an argument that a day of reckoning is coming. The day may be upon us as Dish enters month eight without Univision and its fourth month without HBO. Verizon and Comcast both booted Fuse at year-end. Nervous investors are watching to see what happens with DirecTV-Viacom negotiations this year. And yet there are still some new linear deals getting done. What’s not clear is the terms of these deals, including whether there is an affiliate fee attached or launch initiatives in place.
Optimism over U.S.-China trade talks boosted stocks again on Wednesday. Energy companies, retailers and industrial stocks accounted for much of the broad gains as the market extended its winning streak to a fourth day.
The digital veteran who has worked at Tribune, Tegna and Amazon, among others, will report to the group’s sales president, Jim Burke.
The Chicago Cubs are teaming with Sinclair Broadcast Group to launch a regional sports network in February 2020 that will become the exclusive television home of the Cubs. The Marquee Sports Network will air the full regular season schedule, expanded pregame and postgame coverage, classic broadcasts from the archives and other local sports programming.