Scripps Promotes Two Senior Executives

It moves Laura Tomlin to executive vice president, national media, while Carolyn Pione Micheli becomes senior vice president, corporate communications and investor relations.

Nielsen To Spin Off Global Connect Retail-Measurement Unit

QUARTERLY REPORT

Tegna 3Q Revenue Moves Up 2%

The increase to $552 million was driven by acquisitions and continued growth in subscription revenue and advertising and marketing services, which more than offset the absence of $60 million of political revenue in the same period last year.

BRAND CONNECTIONS
QUARTERLY REPORT

Dish Exceeds Quarterly Profit Estimates

Dish Network posted a better-than-expected quarterly profit on Thursday, as the satellite TV service provider surprised Wall Street by adding more pay TV subscribers. It increased its subs by 148,000 in the quarter, compared with analysts’ estimates for a loss of 166,000, according to research firm FactSet.

Discovery Beats Wall Street’s 3Q Earnings Mark

BBC Dispute Over Pay Equality Plays Out

QUARTERLY REPORT

Gray 3Q Pro Forma Revenue Down 5%

An increase in retransmission consent revenue of $26 million, or 15%, to $196 million couldn’t quite offset lower advertising dollars. The company also authorizes a $150 million share repurchase.

CLOSING BELL

Dow Finishes Flat, Nasdaq Falls 24

The market took a decisive turn lower in the middle of the day Wednesday after a report from Reuters said the United States and China may delay signing “phase one” of their trade deal until December, but the drop didn’t last long. After sinking 0.3%, the S&P 500 erased its loss within about two hours.

QUARTERLY REPORT

Fox Corp. Beats Wall Street’s 1Q Estimates

Total revenue reached $2.67 billion. Core divisions housing cable and broadcast operations posted single-digit growth. The Television segment had revenue of $1.36 billion, an increase of $79 million (6%). Affiliate and “other” revenue offset declines in advertising.

EARNINGS CALL

Sinclair Core Strong As It Awaits Record Political

Retrans powers the group’s 3Q, passing ad dollars. While auto is still down, pharmaceuticals, attorneys and insurance are the driving ad categories.

EARNINGS CALL

Nexstar’s Legal Ads Grow As Auto Softens

“The category that is phenomenal in its growth — and it continues to be unabated — is the legal category,” the group’s CEO, Perry Sook, told analysts today. He noted that legal is already the top category reported by another group owner in at least two markets, surpassing auto. “We’re not there yet, and there’s a long way to go for us to get there, but legal is now our No. 2 category, supplanting fast food, furniture and some of the other perennially strong categories. They’re strong, it’s just that the growth curve on legal advertising continues unabated,” Sook said.

Local Media Consortium Sets 2020 Executive Board

The Local Media Consortium, an alliance of leading local media companies, today announced that it has elected Stefanie Manning of Maine Today to join the LMC’s 10-member executive board. In addition, four current board members — Gary Smith of The Seattle Times, Chris Loretto of Digital First Media, Mike Orren of A.H. Belo Corp., and […]

Scripps To Pay Fourth-Quarter 2019 Dividend

The board of directors of the E.W. Scripps Co. today declared a cash dividend for the fourth quarter of 2019. Scripps shareholders of record as of Dec. 13, 2019, will receive 5 cents per share, payable on Dec. 24. The dividend will be paid out of the company’s surplus.

BIA: US Local Ad Rev To Top $161B In 2020

Political and over-the-top advertising, plus growth in mobile and social ads will be key elements in local media next year.

QUARTERLY REPORT

Sinclair 3Q Media Revenue Climbs 47%

The growth was fueled by increases in distribution and digital revenues.

QUARTERLY REPORT

Nexstar 3Q Revenue Drops 4.2% To $664M

The quarterly numbers reflect the 12-day contribution and expenses from the acquired Tribune stations. Total spot revenue grew 11% to $290,213,000.

Connected TV Advertising To Hit $7B This Year

Advertising on connected TV like Hulu and Roku is expected to surge nearly 40% in 2019 to just under $7 billion, according to eMarketer. And by 2021, eMarketer expects connected TV advertising to surpass $10 billion. Of course, it’s worth noting this is still just a fraction of the $70 billion TV ad marketplace.

More Turnover At Comscore: Livek Named CEO

Troubled measurement company Comscore announced that Bill Livek has been named CEO as the company reported a loss for the third quarter and a decline in revenues.

WEEK ENDING NOV. 4

Station Trading Roundup: 1 Deal, $1,100,000

The sale of WYCI Saranac Lake, N.Y. by Cross Hill Communications to Gray Television network tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

CLOSING BELL

Dow Climbs 31, Nasdaq Inches Up 1

The Dow Jones Industrial Average and the Nasdaq closed at record highs yet again on Tuesday, and the S&P 500 closed barely below the all-time high it reached a day earlier. The gains in recent weeks have been driven by company earnings that haven’t been nearly as terrible as Wall Street was expecting, interest rate cuts, hopes for a trade truce and a steadily growing economy. In all, the S&P 500 is up 22.7% so far this year, putting it on pace for its best year since 2013.

DMAS 13, 21 & 35

Nexstar, Fox Buy/Sell Five Stations

Nexstar will purchase Charlotte, N.C.’s Fox and MNT affiliates for approximately $45 million while Fox will buy Nexstar’s Seattle Fox and MNT affiliates and Milwaukee’s Fox affil for approximately $350 million.

DMA 31: SAN ANTONIO

Can Your Station Turn Viewers Into Members?

For the nearly 700 people who came, KSAT San Antonio’s “Spooktacular” was just a nice way for the family to spend the Sunday before Halloween. But for the station, it wasn’t just about selling tickets to a community event. Spooktacular was another step toward a distant goal that skeptics might say doesn’t have a ghost of a chance: to develop an ongoing membership model for commercial TV stations. The concept is to identify loyal digital fans and “super-serve” them with layers of distinctive value that they will pay for. Now KSAT’s owner, Graham Media Group, is doubling down on the idea — and getting some help from Google to do it.

Extreme Reach, Verance Partner On Enhanced Addressable Insights

Verance and Extreme Reach today announced plans to jointly bring new, household-level addressable and cross-platform reporting capabilities to market. The partnership combines Verance’s open standard Aspect watermarking technology with ER’s AdBridge asset management platform for TV and video ad creative. The partnership will make Verance insights available to AdBridge clients on both the buy and sell side, providing […]

Comcast Rebrands Spotlight Ad Unit As Effectv

Comcast Cable is renaming its Spotlight advertising sales division as Effectv to reflect that in a changing television environment, it can show advertisers the impact of the campaigns it runs. The company is shifting its emphasis from traditional spot sales to a focus on data-driven and addressable advanced advertising.

Abernethy: Seamless Flow Can Boost Syndies

The CEO of Fox Television Stations moves to eliminate commercials and other interstitials between newscasts and syndicated shows in hopes of hanging on to more viewers.

CLOSING BELL

Dow Climbs 115, Nasdaq Moves Up 47

The Dow hit a record Monday as the stock market rally extended into its fifth week. Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It’s a notable shift in leadership following months of struggles for what Wall Street calls “cyclical” stocks, which lagged due to worries about trade wars and the slowing global economy.

George Beasley To Receive BFA Lifetime Achievement Award

George Beasley, founder and chairman of Beasley Media Group, will be honored with the 2020 Lifetime Achievement Award at the Broadcasters Foundation of America’s Golden Mike Award dinner. The gala, which is an annual fundraising event for the Broadcasters Foundation’s mission of helping broadcasters in need, will be held on Wednesday, March 4, at the Plaza Hotel in New York City. […]

FEC Chair: Web Platforms Should Ban ‘Microtargeted’ Political Ads

NAB Leadership Foundation Announces Inaugural Media Sales Academy Class

The National Association of Broadcasters Leadership Foundation announced today the inaugural class of the Media Sales Academy. Curriculum for the program was developed in collaboration with the Radio Advertising Bureau and the Television Bureau of Advertising. The redesigned program, previously known as the Media Sales Institute, brings entry-level sales talent to the broadcast industry by […]

DMA 38: SPARTANBURG, SC

Nexstar Ups Kenny Lawrence To Spartanburg GM

The 20-year local broadcast veteran moves from Nexstar’s Tri-Cities, Tenn., operations to lead WSPA (CBS) and WYCW (CW).