CLOSING BELL

Dow Closes Down 277, Nasdaq Slides 52

On Friday, the S&P 500 slipped for the first time this week as momentum stalled. The pullback, which followed a sell-off in markets around the world, snapped a four-day winning streak for the major U.S. stock indexes. Even so, the benchmark S&P 500 notched its biggest weekly gain since June.

TVN FOCUS ON ADVERTISING

XFL Scores Late Ad Sales On Eve Of Launch

Advertisers have been slow to the table to support the newly-revived XFL league, which kicks off this weekend. Interest is finally stirring, according to ESPN and ABC, but uncertain audience engagement and the memory of past alternative pro-football league failures cast a shadow over its prospects.

TVN’S FRONT OFFICE BY MARY COLLINS

Collins | Cannabis-Related Advertising A Cloudy Situation

There’s no question that the laws around the sale of marijuana and other cannabis-derived products are changing. Unfortunately, advertising for products containing marijuana, cannabidiol (CBD) or even hemp is constrained by a web of federal and state laws. Moreover, these laws are in a state of flux. Here are some recommendations on how to navigate through the weeds.

BRAND CONNECTIONS
CLOSING BELL

Dow Gains 89, Nasdaq Closes Up 63

Stocks posted their fourth gain in a row Thursday, extending a weeklong rally. The latest gains came as investors assessed more company earnings reports. China’s decision to cut tariffs on $75 billion of U.S. imports also helped keep investors in a buying mood.

DMA 88: CHAMPAIGN-SPRINGFIELD, IL

Sharon Rachal Named GM Of WCIA-WCIX

The veteran broadcasting and sales executive will lead Nexstar’s CBS-MNT duopoly in Champaign-Springfield, Ill.

WWE Stock Plummets Below $40 Per Share

WWE stock has sunk sub-$40 per share in premarket trading Thursday, following the pro wrestling company’s release of 4Q and full-year 2019 financials. While WWE reported Thursday it beat fourth-quarter 2019 earnings estimates, the company missed on revenue expectations, despite reaching a record high thanks to its big SmackDown on Fox deal.

QUARTERLY REPORT

Twitter’s 4Q Users, Sales Top Expectations

Twitter early Thursday posted $1.01 billion in fourth-quarter revenue, beating Wall Street estimates in a crucial quarter that’s being heavily scrutinized after some glitches in its advertising products resulted in disappointing  sales growth in the quarter before.

TV News Ready To Shift Gears

Fox News Channel appeared to benefit from the impeachment more than its rivals. Its viewership during daytime hours for the months of November, December and January was up 19% compared with the same three months a year earlier, Nielsen said. Rivals CNN and MSNBC saw a decrease in viewers, perhaps due to a lack of suspense in the eventual outcome.

ViacomCBS Cuts Diversity Staff In Consolidation

ViacomCBS is letting go of staff amid a reorganization of its corporate diversity and inclusion department. Sources tell Variety that the cuts are concentrated in CBS’s legacy corporate-diversity department.

605 Launches Advanced Advertising Platform

Measurement and analytics company 605 is introducing a platform that will help programmers and advertisers plan, buy, assess and attribute advanced advertising campaigns. AMC Networks and Discovery are the first two programmers to sign up for a pilot test.

CLOSING BELL

Dow Finishes Up 483, Nasdaq Gains 41

U.S. stocks extended this week’s rally on Wednesday. The latest gains came as another batch of solid corporate earnings reports and encouraging economic data overshadowed concerns about the potential economic fallout from the virus outbreak that originated in China.

QUARTERLY REPORT

Fox Beats Fiscal 2Q Earnings Expectations

Fox topped Wall Street’s earnings and revenue forecasts for the second quarter of fiscal 2020 on Wednesday. Broadcast saw a shakeup in the Nielsen rankings this autumn, with Fox grabbing its first fall TV ratings win in the all-important adults 18-49 demographic in a decade.

Deborah Norville To Host Golden Mike Gala

The Inside Edition anchor will emcee the dinner honoring Tegna’s Dave Lougee and Beasley’s George Beasley on March 4 that will feature a performance by Nile Rodgers & Chic.

Radio’s Digital Ad Revenue Breaks $1 Billion

Radio’s digital ad revenue blasted through the billion-dollar plateau for the first time, now accounting for 10% of total advertising revenue for the industry, according to research released today by the Radio Advertising Bureau and ad-tracking firm Borrell Associates. Radio stations grew revenues 25% in 2019 and are forecast to see growth of 29% this […]

Sinclair Names Steven Zenker VP, Investor Relations

Sinclair Broadcast Group today appointed Steven Zenker vice president, investor relations. He has more than 30 years of investor relations, financial planning and analysis, communications and investment management experience. Lucy Rutishauser, SVP-CFO of Sinclair, said: “We are excited to have Steve join Sinclair as our company evolves from a leading television broadcaster to a diversified […]

MRC Proposes Ad Fraud Updates

In an effort to “modernize” the ad industry’s guidelines for accounting for and dealing with new forms of digital advertising fraud commonly known as “invalid traffic,” the Media Rating Council on Wednesday released a draft of a new version of guidelines it originally set in October 2015.

Adam Bergman Joins Vizio Ads To Build Advertiser-Direct Business

Smart TV manufacturer Vizio Inc. today announced the addition of Adam Bergman to its growing Vizio Ads team across the country. As vice president of ad sales, Bergman is responsible for forging buy-side relationships and driving Vizio Ads’ direct-to-TV ad sales business. He will report directly to Mike O’Donnell, SVP of Vizio’s Platform Business, who […]

Bloomberg Plans To Double Ad Spend

Encouraged by the murky results in Iowa, Bloomberg is also expanding his field staff as he tries to win the Democratic primary by ignoring the first four states. “Those are old rules,” he said.

KRGV Makes Comscore Its Ratings Provider

The Manship family-owned ABC affiliate in Harlingen is now using Comscore exclusively.

WEEK ENDING FEB. 3

Station Trading Roundup: 2 Deals, $18M

The purchase of KTBU Conroe, Texas, by Tegna Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

EARNINGS CALL

Retrans Grows For ABC As Ad Sales Slip

Disney’s legacy ABC businesses were down for the quarter, although the company didn’t offer specific details. A bright spot was an increase in affiliate revenue (retrans for the O&O stations and the ABC Network’s share of what affiliates received), which was attributed to higher rates. But the broadcasting segment had lower advertising revenues for the quarter, with ad sales down for the O&Os and a drop in average network viewership.

QUARTERLY REPORT

Disney Plus Has 26.5M Subscribers

The company says it has 26.5 million Disney Plus subscribers as of Dec. 28, the end of its first fiscal quarter. The service launched in November, and Disney has positioned it as the future of the company as more people drop their cable subscriptions in favor of online video services like Netflix. The company’s broadcasting arm’s revenue rose 34% to $2.6 billion.

Accenture To Close Its Media Auditing, Agency Search Businesses

TVSquared Launches Global Cross-Platform, Multi-Touch Attribution

TVSquared, a global provider of TV attribution, has launched platform to power always-on attribution across all forms of video advertising, proving which media and creative placements are driving sales, conversions and business outcomes. TVSquared’s global platform measures reach, frequency and performance across linear and digital TV advertising, spanning tens of millions of households, across any device […]

Black Dragon Capital Buys Grass Valley

With the purchase from Belden, the private equity firm, led by Louis Hernandez Jr., says it aims to accelerate Grass Valley’s evolution to market leader in cloud-based media technology.

QUARTERLY REPORT

Sony Warns Of Virus Impact On Forecast

Tokyo-based Sony, which makes PlayStation video-game consoles, Bravia TVs and Spider-Man films, said the impact of the virus was unclear, but production and sales of its image sensor division were at risk. The company promised to release any new forecasts as soon as possible.

TV Retrans Battles Spill Into Streaming

The spats between TV distributors and networks that grew out of the cable and satellite era are beginning to spill over into the streaming world. Consumers that cut the cord to avoid paying for expensive TV packages are going to be susceptible to some of the same problems, like programming blackouts, that they had with traditional television.

QUARTERLY REPORT

YouTube Reveals Rev For First Time: $15.1B

For the first time, Google on Monday revealed just how big of an advertising machine YouTube is. The company said that YouTube generated $15.1 billion in ad revenue in fiscal 2019, including $4.7 billion in the fourth quarter.

DMA 7: WASHINGTON

Andrew Wyatt Adds WDCW To Responsibilities

Nexstar gives him responsibility for WDCW Washington in addition to his existing role as VP-GM of WDVM Hagerstown, Md.

CLOSING BELL

Dow Moves Up 144, Nasdaq Climbs 122

Stocks rose on Wall Street Monday despite worries over coronavirus virus. Chinese stocks tumbled nearly 8% after investors there got a chance to catch up to losses that already swept through other markets.