Heath Freeman is the hedge fund guy who says he wants to save local news. Somehow, no one’s buying it.
Traditional television has been on the decline for years, but the continued economic fallout from the Covid-19 pandemic will make cord cutting even more pronounced, according to new research from MoffettNathanson. Traditional cable subscribers are expected to decline by 27 million over the next five years.
In March, when state shutdowns began, companies had only days to transition to work-from-home. No one could predict how long such arrangements might last. Now, it seems that some employees will be returning to offices soon, while others will work from home through the end of the year or indefinitely. If they haven’t done so already, now is the time for companies to evaluate the potential issues with these arrangements.
Stocks dropped Thursday, with the S&P 500 closing down 5.9%, its worst day since mid-March, when stocks had a number of harrowing falls as the virus lockdowns began.
Emily Barr, president-CEO, Graham Media Group, was re-elected as NAB Television Board chair, while David Santrella, Salem Media Group president of broadcast media, was re-elected Radio Board chair, among other results
The Hearst broadcaster caps a five-decade career, including 21 years leading its NBC-AABC-Estrella affiliate KSBW Monterey, Calif.
Five TV advertisers are pulling advertising on Fox News Channel’s Tucker Carlson Tonight after controversial remarks about the Black Lives Matter movement and protests in many cities, according to reports. Walt Disney, T-Mobile, Papa John’s, Vari and SmileDirectClub have all reportedly stopped scheduled advertising on the primetime Fox News Channel show.
Performers’ union SAG-AFTRA and major motion picture and television studios have reached agreement on a new three year TV/theatrical deal, the parties announced Thursday, capping six weeks of bargaining via videoconference.
Kathy Doyle, EVP local investment at IPG/Magna, and Heather Gundry, SVP group media director at Dentsu/Aegis, have joined the panel of leading spot TV marketplace executives who will gather for a TVNewsCheck webinar, Optimizing Spot TV in a Challenging Economy. Set for Thursday, June 25, at 1 p.m. ET, the webinar will address how the global coronavirus pandemic has affected their business. They will consider geo-targeting in a patchwork of DMAs in different stages of coping with the crisis; new categories and opportunities, and progress on impression-based selling, performance-based campaigns and the rollout of technologies to streamline and optimize transactions. Register here
Los Angeles County health officials have approved film and television production to recommence on Friday, June 12, in line with state guidelines, amid COVID-19.
Stocks ended mostly lower Wednesday. Most sectors finished lower, but a surge in technology sector stocks helped push the Nasdaq above 10,000 for the first time, giving the index its third record high close in a row. Bond yields were broadly lower, reflecting caution among investors.
A day after calling for “sweeping changes” to transform the ad industry’s inclusiveness and diversity, the Association of National Advertisers this morning issued another call for “sweeping changes” in the “media ecosystem,” and specifically called on the television advertising industry to move the annual upfront negotiating season from a spring/early summer marketplace purchasing a fourth quarter through third quarter broadcast year to a fall/winter marketplace purchasing a conventional calendar year.
Cable networks and streaming company AMC Networks has partnered with the On Addressability initiative, which cable giants Comcast, Charter and Cox launched last summer, to pilot targeted advertising solutions on its linear TV and VOD services.
Comscore today announced that it has just reached a milestone of 1,000 local television station clients for its local television measurement currency and its advanced demographics. This achievement was reached in the same year that Comscore celebrates 10 years of providing local television measurement to the industry. Since its launch in 2010, Comscore says its local television measurement solutions “have transformed […]
Ever since Mark Zuckerberg defended the platform’s hands-off policy toward posts by President Trump that contained misinformation or promoted violence, some companies are staying away.
There will almost certainly be a Major League Baseball season in 2020, a reality that reflects less a strong degree of confidence in MLB and its players’ union striking an economic deal and more an acknowledgment that Commissioner Rob Manfred can essentially impose his will, with some caveats, in the absence of one. Whatever that ends up looking like, it will satisfy almost no one and infuriate many.
It comes out No. 1 on TVNewsCheck-BIA Advisory Services’ annual list of the Top 30 groups ranked by total revenue for the second year in a row. It was a pretty calm 12 months, with little M&A and the top five slots returning unchanged.
The purchase of WDMY-LP Toledo, Ohio, by VCY America Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
The S&P 500 fell 0.8% Tuesday, its largest loss in almost three weeks, as traders cashed in on some of the market’s recent gains. Financial, industrial and health care stocks led the slide. Technology companies were among the gainers, helping to push the Nasdaq to another all-time high.
The online event will take place in fall 2020 and include TVNewsCheck’s TV2025 and Post|Production World Online, among other prominent conference programs. NAB says: “Our goal for the digital experience is to provide a valuable forum for the industry to restart, refocus and reengage.”
The handful of competitions that have already aired prove just how eager advertisers and audiences are for any kind of live sports offering. Not only would live sports signal an important return to normal for the country, but they would also jump-start a TV ad sales marketplace that has been reeling.
Lori Bruffett is promoted to lead KBTX Waco-Temple-Bryan, Texas, while Scott Sanders is moved from Columbia, S.C., to head WMBF Myrtle Beach-Florence, S.C.
Comscore today announced an agreement to provide Cox Media Group with TV measurement in six new markets: Syracuse, N.Y.; Spokane, Wash.; Idaho Falls, Idaho; Eureka, Calif.; Binghamton, N.Y.; and Alexandria, La. Additionally, the agreement extends TV measurement in Yuma, Ariz.; Medford, Wash.; Yakima, Wash.; and Greenwood, Miss. Cox Media Group will be using Comscore’s local television currency including the Automotive Audience segments, allowing it to plan, transact and evaluate the value […]
With their boss growing increasingly agitated with the state of his re-election campaign and with the efforts of Republican critics to undermine it, President Donald Trump’s team hatched a plan. They’d run a series of hard-hitting ads and place them on networks that they knew the president and congressional Republicans would watch. And so, over the past month, the Trump campaign has spent slightly more than $400,000 on cable news ads in the Washington, D.C., area, buying time largely on Fox News but with some smaller buys on CNN and MSNBC as well, according to filings with the FCC.
“Most local TV news marketing doesn’t drive viewership.” That’s a startling statement from Marv Danielski, who directs news promotion for Sinclair Broadcast Group’s stations. But in this Market Share Executive Interview, he reveals what he has found does work in 30 years in the trenches.
Priorities USA Action, a major Democratic super PAC, is out in Arizona and other states with new TV and digital ads attacking President Donald Trump — totaling $4 million in spending.
Viamedia said it is offering free TV commercials as part of a grassroots campaign to help end racism using the hashtag #ChangeStartsRightHere. The company is asking local business owners, minorities and law enforcement to create 15- and 30-second on-camera spots about how they are working together in their communities.
Stocks vaulted higher Monday, with the Nasdaq hitting a record. The S&P 500, which dictates how more 401(k) accounts perform, climbed back within 4.5% of its own record as optimism strengthens that the worst of the recession may have already passed.