Entertainment Chairman Bob Greenblatt is near a deal to renew his contract with NBC, extending his tenure as the network’s top programming executive. “I’m going to be around for a long time,” Greenblatt said Thursday.
New data from MoffettNathanson shows traditional pay TV subscriber erosion worsened in the just-completed second quarter, rising from 2.5% in 1Q to 2.7%, “the fastest rate of decline on record.” The “Cord-Cutting Monitor” study goes on to note that the second quarter “is always the year’s worst quarter — and with so many new virtual […]
The former GM of WUSA Washington and radio executive is tapped to lead the Fox affiliate in Fort Myers, Fla.
U.S. stocks slipped Thursday following reports of bigger second-quarter losses for smaller companies.
CBS just joined the pack of TV providers making big changes in their ad sales teams as the business becomes more competitive, and potentially challenging. Ad sales chief Jo Ann Ross was promoted to president and chief advertising officer for the corporation. Former Facebook exec David Lawenda moves to CBS as EVP of digital sales and sales strategy. And former chief revenue officer for CBS Interactive, Dave Morris, becomes EVP for advanced advertising and client partnerships.
Dish Network shares are down 4.4% in mid-day trading after it reported worse than expected 2Q results — without offering news on the subject that investors really care about: a possible deal with another company that might covet Dish’s spectrum rights.
GSN, the company comprising GSN TV and GSN Games, has promoted Mark Feldman to president and CEO. The former EVP and general counsel replaces David Goodhill, who announced in April that he was exiting after a decade as CEO.
Spanish-language media giant Univision Communications, which has reportedly been wooed by media magnate John Malone as it mulls an IPO, has reported a 4% dip in second quarter 2017 revenue of $764.9 million compared to $800.3 million in the same time frame last year. Its net income or profit for the second quarter ending June 30 rose 5% to $106 million compared to $74.7 million for the same period in 2016.
Two fewer championship series games took a toll on revenue, as did lower political dollars, but some of that was mitigated by strong gains in retransmission consent revenue.
The agreement with TEN: The Enthusiast Network will combine: linear network Velocity, MotorTrend.com, the Motor Trend YouTube channel, Motor Trend’s OnDemand OTT service and TEN’s complete portfolio of automotive digital, social, live events and original content.
Hearst-owned CBS affiliate KCCI Des Moines, Iowa (DMA 69) has rolled out the latest generation of the KCCI Storm Chaser weather vehicle Wednesday on KCCI 8 News at Six. The new Storm Chaser has been custom equipped with the latest technology, including an all-weather 360 degree panning camera, on-board weather tools, live radar reception and […]
WMTV went live from a new 32,000-square-foot facility in Madison, Wis., with its entire operation in late October 2016. The new home of the Gray Television-owned NBC affiliate was designed “from the inside out” from a technical point of view, according to WMTV VP-GM Don Vesely, with an eye toward maximizing the efficiency of the various workflows that drive news and its other operations. Above, the 4,500-square-foot newsroom just outside the centralized rack room. (WMTV/Gray Television photo)
The increase to $106 million comes primarily from higher retransmission consent money.
Tonia O’Connor, Univision’s newly appointed CRO, says some of the former Gawker verticals, now called Gizmodo Media, will get shows on Fusion TV. “What we’re really focused on is the magic that can happen when you take digital audiences and convert them to television,” she says. Vice, BuzzFeed and Vox Media are pushing into TV. And even audio startup Gimlet is adapting some of its shows for the small screen.
With all categories of advertising down, a 24% increase in retrans revenue keeps things in the positive column. Digital division 2Q revenue was $19.3 million, up 27.2% from a yer ago.
The network said in an internal memo that it did not believe its email system was compromised. The scope of the stolen materials, which include show episodes, is unknown.
Four months after more than 250 brands pulled their advertising from YouTube because ads were appearing next to extremist content, the site’s top-spending marketers are running video ads again, according to new research from ad-sales software firm MediaRadar.
Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lionsgate Entertainment, people familiar with the matter said on Wednesday. The deal would have given Hasbro a direct pipeline into Hollywood with more movies and TV shows tied to its toy brands.
More changes afoot today in Univision Communications’ ad sales operation following last week’s appointment of Steve Mandala as president of advertising sales and marketing.
Starz, the pay-cable service that is part of Lionsgate Entertainment, released a report suggesting AT&T might push customers to HBO over competitors like Starz. AT&T dismissed the claims. “This conclusion doesn’t square with the facts,” the telecommunications company said in a statement.
The number of commercial breaks during NFL games has often bothered viewers — and not just those sprinting to the bathroom or kitchen. The solution is to decrease the number of breaks to four per quarter, down from the previous 5-6-5-5 pattern, which often forced networks to squeeze more than a half-dozen breaks into a 15-minute playing period. The league and its broadcast partners — CBS, Fox, NBC and ESPN — all insist that the move has nothing to do with the NFL’s 9 percent drop in ratings in 2016.
21st Century Fox is in talks to operate television stations across the U.S. with Ion Media Networks, potentially paving the way for Fox to dump Sinclair Broadcast Group as an affiliate partner, a person familiar with the situation said. Closely held Ion would contribute its more than 60 independent stations to the joint venture, while Fox would throw in its 28 stations, which include top markets such as New York and Los Angeles. As part of the deal, Fox would consider switching its affiliation to Ion from Sinclair for 26 stations that are up for renewal this year, said the person, who asked not to be identified.
A bright spot for the company’s overall results is its digital revenue, which was boosted by the 2Q acquisition of Headway, a provider of mobile, programmatic, data and performance digital marketing solutions primarily in the United States, Mexico and other markets in Latin America.
She has marketing responsibilities for both studio and television content distributed by The Walt Disney Studios and The Disney/ABC Television Group.
Apple drove the Dow above 22,000 on Wednesday. Much of the rest of the market was mixed, however, and most of the companies listed on the New York Stock Exchange fell.