Netflix Will No Longer Borrow

The streaming giant borrowed over $16 billion in less than a decade as it built out its content library. The strategy prompted criticism that the company was unsustainable.

Disney Nixes Bonuses For Top Executives

Disney disclosed the total compensation for its top executives in a year that saw the company hit hard by the pandemic right after Bob Chapek took over as CEO.

WEEK ENDING JAN. 18

Station Trading Roundup: 2 Deals, $50,000

The purchase of WTMH Kinston, N.C. by HTM 26 from Tutt Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

BRAND CONNECTIONS
CLOSING BELL

Dow Advances 116, Nasdaq Closes up 199

Wall Street’s momentum swung back Tuesday as stocks and yields ticked up. The S&P 500 gained 0.8%, pulling to within 1% of its record high set earlier this month. About 60% of the companies in the benchmark index rose. Technology, communication services and health care stocks accounted for much of the rally, though energy sector companies notched the biggest gain.

QUARTERLY REPORT

Netflix’s Big 4Q Lifts It Above 200M Subscribers

The subscriber milestone highlighted Netflix’s fourth-quarter results released Tuesday. The service added another 8.5 million subscribers during the October-December period to cap Netflix’s biggest year since its inception as a DVD-by-mail service in 1997. Netflix’s stock surged by nearly 9% in extended trading after the latest subscriber numbers came out.

SAG-AFTRA Board Moves To Expel Trump

On Tuesday, the national board of SAG-AFTRA announced that it will be holding a disciplinary hearing against the outgoing president of the United States, where he could face possible expulsion from the actors’ guild.

Layoffs Hit Fox News Digital Amid Restructuring

The company had added to its workforce to help with its coverage of the 2020 election, and with the election over the company is adjusting its staffing to account for the less intense news cycle.

Scripps Chooses A National Networks CRO

Michael Teicher will be responsible for developing the company’s ad sales strategy for all the Scripps networks across all platforms, including general market, direct response, programmatic/digital, long-form and sponsorship advertising.

C-SPAN Airing Supreme Court Vetting Of Media Ownership Dereg Arguments

C-SPAN will air/stream the Supreme Court oral argument today (Jan. 19) in FCC v. Prometheus. That is the FCC’s defense of its 2017 broadcast ownership deregulation decision. The argument is scheduled for 10 a.m.

John Cook Named WXYZ-WMYD Sales Director

The sales veteran is tapped by Scripps to lead sales at its ABC-MNT duopoly in Detroit.

JESSELL AT LARGE

Jessell | Confronting The Big Lie, Television Broadcasters Can Do More

It’s time to stop fueling President Trump’s lie that the election was rigged, and broadcast needs to play an important role in doing so. The NAB must cut off support to the lie’s congressional enablers, talk radio must sever ties with hosts fueling the lie and TV stations need unequivocal language to characterize it for what it is.

Dow Finishes Down 177, Nasdaq Drops 114

Stocks fell Friday and Treasury yields also dipped as reports showed shoppers held back on spending during the holidays and are feeling less confident, the latest in a litany of discouraging data on the economy.

Coca-Cola Will Sit Out Super Bowl, Joining Pepsi

The Super Bowl has long served as a prominent front for the long-running soda war between Coca-Cola and Pepsi. This year, the beverage giants will fight that battle somewhere else. Coca-Cola said Friday it would not run ads in CBS’s broadcast of Super Bowl LV, citing a “difficult choice” made to “ensure we are investing in the right resources during these unprecedented times.” Coke’s announcement follows a similar one made by rival Pepsi, which has opted to focus on its annual halftime show rather than run commercials for its flagship drink.

CLOSING BELL

Dow Slides 69, Nasdaq Closes Down 16

A late drop in Big Tech stocks pulled indexes mostly lower on Thursday. The S&P 500 fell 0.4%. The benchmark index, which had been up by 0.4%, was weighed down by losses in Apple, Microsoft and other huge tech companies even though most of the stocks in the index rose. Those losses outweighed gains in banks, industrials and other sectors.

IAB Goes Virtual, Features Fauci Keynote

The Interactive Advertising Bureau this morning unveiled highlights of the agenda for its annual conference, which will be held virtually March 8-12, and which will feature speakers such as Dr. Anthony Fauci, Sen. Ron Wyden and WPP CEO Mark Read.

How TV Broadcasting Vet Rick Blangiardi Wound Up As Honolulu’s New Mayor

As general manager of three major television stations in Honolulu, Rick Blangiardi oversaw the market’s most-watched newscasts for nearly two decades. But over the past year, Blangiardi began making headlines of his own. Blangiardi took office earlier this month as the new mayor of Hawaii’s capital — winning in a landslide after a blistering 11-month campaign that included more twists than a TV drama (including a pandemic that upended his platform).

ViacomCBS, Dish, Adcuratio Go Addressable In Broadcast Network Inventory

ViacomCBS and Dish Media said they began delivering addressable advertising impressions during live national broadcast network inventory using technology developed with Adcuratio Media.
A number of campaigns have run across Dish’s footprint in certain markets where CBS owns TV stations. The campaign’s target viewers at the household level via Dish set top boxes.

Innovid Adds MRC Accreditation For Display Ad Measurement

Independent advertising and analytics ad platform for television Innovid today announced it has been granted accreditation by the Media Rating Council (MRC) for its measurement of rendered display ad impressions, expanding the omni-channel ad server’s existing accreditations in video and OTT. Innovid’s accreditations now span measurement of rendered display impressions — desktop, mobile web and […]

iSpot.TV Acquires Ace Metrix

The purchase creates a cross-screen platform for measuring brand impact and business outcomes for TV advertising in real time.

Billy Robbins Named WBFF Baltimore GM

Sinclair promotes the 17-year veteran from sales director to lead its Fox affiliate and oversee services provided to CW affil WNUV.

Google To Pause Political Ads Through Inauguration

Google will suspend political ads along with any reference to “impeachment, inauguration or protests at the U.S. Capitol” beginning Thursday. The ban will run through the day after President-elect Joe Biden’s inauguration on several platforms.

HRTS Reups Melissa Grego As CEO, Announces New Execs, Advisory Council

L.A. Studios Restart Production Amid Surge

After a brief pause following County Health Department recommendations, Hollywood’s major studios are getting cameras rolling again. The industry had paused much of its Los Angeles-based filming around the holidays and into the early part of January when it became clear a coronavirus surge was underway.

NATPE Announces Iris Award Winners

Entertainers Penn & Teller will host the Jan. 21 ceremony honoring Kelly Clarkson, Jordan Wertlieb, Kevin Frazier and Entertainment Tonight at NATPE Virtual Miami.

CLOSING BELL

Dow Closes Down 8, Nasdaq Moves Up 57

Wall Street drifted higher Wednesday. The S&P 500 inched up 0.2% after flipping between small gains and losses in the early going. Gains in several Big Tech companies, including Intel, Apple and Amazon, helped nudge the S&P 500 higher, even tough most of the stocks in the index fell. Those gains outweighed losses in industrial, materials and other sectors.

Sinclair, ViacomCBS Sign Affiliation Renewals

The multi-year deal covers 13 CBS affiliates serving nearly six million television households.

Political Unrest Expected To Dampen Ad Spending For News Sites

This was supposed to be the year when digital ad spending loosened up again after double-digit losses last year. However, some media buyers hit an immediate pause following last week’s Capitol siege.

Cord-Cutting To Accelerate In 2021

Cord-cutting will pick up speed in 2021, sending cable TV subscriptions into virtual free fall, with a whopping 27% of U.S. households saying they’ll cancel their pay TV package by year’s end, a new survey by The Trade Desk predicts.

ATVA: Stations Reaped Blackout Bounty In 2020

While the end of the year appeared to be pretty quiet on the retransmission consent front with only a few disputes ongoing in 2021’s first week, 2020 was another record year for blackouts, as 336 TV stations went dark to pay TV customers vs. 278 in the prior year, according to cable industry group the American Television Alliance.

Disney, MPA Halt Contributions To Lawmakers Who Rejected Biden Certification

The Walt Disney Co. and the Motion Picture Association are joining Comcast, AT&T and others in halting political contributions to House and Senate lawmakers who voted to reject the certification of electoral votes for Joe Biden.