In the upcoming months television networks will begin negotiations with several sports leagues for new TV contracts. The NHL and MLS are expected to open up negotiations as their current agreements expire. MLB which has already extended agreements with Fox and Turner Sports has ESPN up next. However, no contract renewal will be more important (or expensive) than the NFL.
Hudson MX, an advertising technology business providing media buying and media accounting solutions globally through a cloud-based SaaS platform, today named Sarah Lawson Johnston executive vice president, managing director of agency partnerships EMEA. An advertising technology pioneer who was with Mediaocean more than two decades, she joins Hudson MX after spending the last three years […]
The Local Media Consortium (LMC), a strategic alliance of leading local media companies, and Viafoura, a provider of engagement and content moderation solutions, today announced a partnership that they say will offer the LMC’s members the ability to drive higher registrations and subscriptions as well as better-targeted content and advertising to their digital communities. Viafoura, […]
The Los Angeles Times and Tribune Publishing have jointly agreed to pay $3 million to settle a class action lawsuit brought by multi-ethnic group of journalists who claimed that they were systematically paid less than their white male counterparts.
TikTok is asking a court to push off a looming deadline that would require the short-form video app to be spun off from its Chinese parent company ByteDance this week. The company on Tuesday petitioned a federal appeals court to halt the enforcement of an executive order put forth by President Donald Trump in August that would mandate the sale by Thursday.
Following Disney CEO Bob Chapek’s major reorganization announcement last month, Disney continues to reshuffle the corporate pieces to better focus on its streaming business. In an internal memo to staff from Peter Rice, chairman of the recently rebranded Disney General Entertainment Content (DGE) division, he elaborated on the company’s decision to split off its content creation team from its distribution and commercialization efforts, and outlined its leadership and publicity structures.
The global stock rally faded Tuesday, but investors’ hopes remain for the economy. It was the second straight day that rising hopes for a COVID-19 vaccine pushed investors to reorder which stocks they see winning and losing, and the continuing revamp left the majority of U.S. stocks higher but indexes mixed.
Slingbox has reached its endpoint, with Sling Media announcing that all Slingbox products and services were discontinued on Nov. 9, and will permanently be taken offline on Nov. 9, 2022. Sling Media, a subsidiary of Dish, said the decision is being made to “make room for new innovative products so that we can continue to serve our customers in the best way possible.” This will not include any new Slingbox products.
Ad impressions delivered by connected TV grew by 55% in the third quarter compared to the prior year, according to ad and analytics company Innovid. In its fall 2020 U.S. Video Benchmarks Report, Innovid said the CTV’s share of video ad impressions jumped to 41% in the quarter from 33% a year ago.
Leading Spanish-language media company Univision reported robust digital and soccer viewership as key growth drivers in its third quarter financials report. A further boost came from higher subscriber fees as well as its return to Dish Network after an almost nine-month carriage dispute with the satellite pay-TV service was resolved last spring.
Comscore, which has been in a strategic review since last year, said Monday it is in advanced discussions on a transaction with an anchor investor. The company reported a net loss and lower revenue in the third quarter.
NBCUniversal is introducing PayPal as its transactional partner for ecommerce on One Platform, its ad-buying model for reaching and measuring unduplicated audiences across all of its linear and OTT properties, introduced this past January. Last month, NBCU debuted ecommerce initiative One Platform Commerce with Shop Telemundo, said to reach 91% of U.S. adult Hispanics. Now, it’s rolling out ecommerce across the full One Platform.
Tegna has two stations in Atlanta and one in Macon, but until now Georgia hadn’t even been its hottest state for political spending. That has changed, with control of the Senate at stake. “We’re trying to size it now. We don’t have, frankly, a good answer, other than we know it will be very, very large,” Tegna CEO Dave Lougee said.
The increase to $738 million is driven by a record-breaking quarter for political advertising revenues, and ongoing strength of subscription business.
Locast, the nonprofit broadcast TV streaming service that’s a legal target of major US broadcasters, has turned a corner of sorts, according to founder and chairman David Goodfriend. Locast, a service that launched in January 2018 and is now available in 25 U.S. markets, has 1.7 million users nationwide. Locast also has enough paid donors in that group for the nonprofit to attain operational sustainability, he said.
A deal will happen, ‘whether it’s a year from now or 10 years from now,’ he says.
A political windfall benefited station groups after COVID’s ravages, and there’s every reason to see political remaining healthy for many cycles to come. The reason? Leading local newscasts still have a close and coveted relationship with their loyal viewers.
Stocks closed out a busy week Friday as uncertainty lingers. While stocks cooled, the bond market got a shot of optimism about the economy from a report showing U.S. employers hired more workers last month than economists expected. Treasury yields climbed, a sign of improved confidence.
WarnerMedia parent AT&T today named former FCC Chairman William Kennard chairman of the telecom giant’s board effective in January when current chair (and former CEO) Randall Stephenson retires.
Net income rose to $505 million, or 86 cents a share, from $353 million, or 66 cents a share. Revenue rose 42% to $4.53 million. At a time when everyone’s talking about cord cutting, Dish said it closed the quarter with 11.42 million pay-TV subscribers, up 116,000.
Local Media President Brian Lawlor: “The pool of political dollars nationwide is growing tremendously, and local broadcast is taking an even larger share.” The Scripps TV group benefitted from $96.4 million in political spending.
The presidential election still hasn’t been called, but TVNewsCheck’s Michael Depp and Harry Jessell discuss the boon it has been for station groups posting their quarterly earnings this week.
The rate of decline for total advertising dropped to only 6% in the third quarter from a 27% drop in the second quarter. This year’s upfront was unlike any other, but CEO Bob Bakish said he is satisfied with the outcome. “We were up low-single-digits on price, and we were very careful with volume, holding back inventory so that we had inventory to sell in scatter. And … the scatter market today is very robust.”
The increase to $133.8 million is due to a $24.8 million increase in political advertising revenue and $3.1 million increase in retransmission revenues, partially offset by reduced local and national advertising demand related to the COVID-19 pandemic.
ViacomCBS reported total revenue of $6.12 billion and earnings per share of 91 cents in the third quarter, exceeding Wall Street estimates but reflecting ongoing headwinds from COVID-19. Revenue dipped 9% and earnings fell 17%, though both figures exceeded analysts’ consensus forecast for earnings of 88 cents a share and revenue just shy of $6 billion in the quarter ending Sept. 30. In the TV Entertainment unit, affiliate revenue rose 25% on reverse compensation and retransmission gains, while advertising dipped 1% and content licensing fell 35%.
The increase to $404 million was driven by political advertising and retransmission consent revenue which helped offset advertising losses due to the coronavirus pandemic.
A blank-check company backed by former Citigroup Inc. rainmaker Michael Klein is among the parties interested in buying a stake in AT&T Inc.’s DirecTV satellite-television business, according to people with knowledge of the matter. Churchill Capital Corp. IV, which raised $2.07 billion in July, is working with advisers on a potential bid for the asset, the people said, asking not to be identified because the discussions are private.