The sale of WHDC-LP from Western Pacific Broadcast to Jeffrey & Janet Winemiller tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
U.S. stocks gave up an early rally Tuesday, ending a winning streak. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer products stocks.
NCTA-The Internet & Television Association said the FCC will need to put conditions on the merger of Nexstar and Tribune, otherwise the deal runs a ” material risk of consumer and competitive harm.” NCTA is primarily concerned about the impact of the merged broadcast group on retrans rates.
The changes to Facebook’s advertising methods —which generate most of the company’s enormous profits — are unprecedented. The social network says it will no longer allow housing, employment or credit ads that target people by age, gender or ZIP code. Facebook will also limit other targeting options so these ads don’t exclude people on the basis of race, ethnicity and other legally protected categories in the U.S., including national origin and sexual orientation.
CBS hopes to get a bigger bang out of the very last episode of The Big Bang Theory. The network is seeking between $1.2 million and $1.5 million for a 30-second ad in the finale of the veteran series, according to two people familiar with negotiations between CBS and its advertisers.
The former House Speaker and Chase Carey join previously announced board members Rupert Murdoch, Lachlan Murdoch and Jacques Nasser as the company also adopts a so-called “poison pill.”
If larger U.S. cable operators follow the path of some of their smaller counterparts and play down or retreat from pay TV, overall subscriber video sub losses could soon accelerate from moderate to torrential levels, Craig Moffett, a top industry analyst at MoffettNathanson, predicts in a revised forecast of the domestic pay-TV market.
Just because sports betting is currently legal in only one New England state — Rhode Island — that has not stopped NESN from broadcasting a three-hour show five days a week devoted completely to the practice. Follow the Money began airing Monday morning on NESNplus from 7 until 10, and beginning next month it will air on NESN from 10 a.m. to 1 p.m.
Netflix, the world’s dominant streaming service, will not make its TV shows and movies available through Apple Inc’s upcoming video offering, Netflix CEO Reed Hastings said on Monday. “We prefer to let our customers watch our content on our service,” Hastings told reporters at the company’s offices in Hollywood. “We have chosen not to integrate with their service.”
According to Nielsen, traditional TV watching continues to wane, especially among younger consumers, as more homes get connected devices and streaming services.