COMMENTARY

Black America Speaks. America Should Listen.

Byron Allen: Ten proposals on what the United States needs to do to never come back here again.

Comcast Pledges $100M To Social Justice Causes

Comcast CEO Brian Roberts on Monday said the company is committing $100 million to fight social injustice and inequality. In a memo to employees, he said the funds — made up of $75 million in cash and $25 million in media — will be part of a multiyear program.

TVN’S MEDIA JOBS

Openings For Sales Director, Chief Engineer, Creative Services Video Producer

New jobs posted to TVNewsCheck’s Media Job Center include openings for a sales director experienced in diginet business, a chief engineer and video producer in creative services. The openings are located in New York, Iowa and Alabama.

BRAND CONNECTIONS
TVN’S MEDIA JOBS

New Openings For General Managers In Northeast

New jobs posted to TVNewsCheck’s Media Job Center include openings for general managers at Nexstar’s NBC and CBS affiliates in the Pocono Mountains of Pennsylvania and the other for a large broadcast company in a growing market in the Northeast.

WORKING LUNCH WEBINAR

TVN To Present: Optimizing Spot TV In A Challenging Economy

Leading spot TV advertising and technology executives will address how the global coronavirus pandemic has affected their business during a TVNewsCheck Working Lunch Webinar set for June 25 at 1 p.m. ET. Speakers will talk about 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

 

TALKING TV

Talking TV: Protests Put Journalists In Crosshairs

In this week’s video, Michael Depp and Harry Jessell look at the folly of FCC Commissioner Brendan Carr, preview next week’s Top 30 station groups forecast and unpack a week marked by historic protests and problematic attacks on the journalists covering them.

Disney: Sports TV Ad Deal-Making Has Begun

Disney Advertising Sales says sports TV advertising deal-making is slowly ramping up — partly due to live sports coming back to TV over the next few months. “The sports marketplace has started to move,” says Rita Ferro, president of Disney Advertising Sales. “We are well on our way in terms of multi-year deals.”

Understanding the Minority Tax Certificate And Its Potential For Promoting Diversity In Broadcast Ownership

MARKET SHARE

Scott Altus Heads New KTLA Director Of Creative Services

Sinclair Elects Board And Ratifies Independent Auditor

Sinclair Broadcast Group said its shareholders elected the nominated nine directors at the company’s annual shareholders’ meeting on June 4. The elected directors are David D. Smith, executive chairman, chairman of the board of the company; Frederick G. Smith, director and vice president of the company; J. Duncan Smith, director, vice president and secretary of […]

TVN FOCUS ON BUSINESS

TVN Focus On Business | Stations: No Rush To Return From Remote Work

Nearly three months after clearing most of their personnel out of their buildings and into remote work environments, many station groups say bringing them back will be a slow and highly cautious process.

CLOSING BELL

Dow Closes Up 12, Nasdaq Falls 67

On Thursday, the S&P 500 lost 10.52 points, or 0.3%, to 3,112.35 after being on track earlier in the day for its longest winning streak since December.

Univision Debuts Vamos Voter Analytics Tool

It’s designed to help political buyers purchase more targeted campaigns ahead of 2020 election.

CLOSING BELL

Dow Advances 527, Nasdaq Climbx 75

The S&P 500 rose 1.4% Wednesday for its fourth straight gain as lockdowns loosen around the world and raise hopes for a coming economic recovery. Treasury yields also strengthened in a sign of improved confidence after reports suggested that while the U.S. economy is still getting pummeled, it may not be as bad as economists had feared.

Comcast Rejects Calls For Outside Investigation Of NBC’s Handling Of Sexual Harassment

Robert Wussler Joins Manhattan West As Executive Director

Longtime media and advertising executive Robert Wussler has joined Los Angeles-based asset management company Manhattan West as executive director. Among other duties, Wussler will provide tailored asset-management services to a select group of high-net-worth private clients, and he will expand the firm’s New York City presence. He also will launch a practice specializing in evaluating investment […]

Disney Pledges $5M To Social Justice Causes

Mitch Rose Heads Comcast In D.C.

Mitch Rose, SVP of federal government affairs for Comcast NBCUniversal. has been named EVP and head of the company’s Washington. Rose succeeds Kathy Zachem, who is retiring after 13 years with Comcast NBCU.

Netflix Buys Hollywood’s Famed Egyptian Theatre

Viamedia Hires Piccone As Head Of QTT Division

WEEK ENDING JUNE 1

Station Trading Roundup: 8 Deals, $7.32M

The purchase of WWJX Jackson, Miss., by Radiant Life Ministries tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

CLOSING BELL

Dow Finishes Up 268, Nasdaq Adds 56

On Tuesday, U.S. stocks extended their gains for a third consecutive day following a rally in global stocks, driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to the coronavirus outbreak to reopen.

Connected TV Ads Grew In April, May

Advertising rebounded in April — at least on connected televisions — as the initial wave of public service-driven advertising ebbed and brands began to take advantage of the rise in screen time in quarantine. Programmatic ad transactions on CTV rose 40% between April 5 and May 11 after falling 14% during March, according to research from Pixalate.

DMA 65: TUCSON, AZ

Tregg White Named KGUN-KWBA GM

Scripps chooses the former news and sales exec and Cheyenne, Wyo., GM to lead its ABC-CW duopoly in Tucson, Ariz.

Weather Channel Joins OpenAP

The Weather Channel is the latest media outlet to join OpenAP, the consortium of media companies working to help advertisers buy TV with some of the new methodologies they say they crave.

April: Broadcast TV -33%, Cable -25%

Confirming information from many other sources, national TV had a tough April, according to Standard Media Index. Broadcast network TV was down 33.4% to $907 million versus the same month a year ago. National TV cable networks were 24.8% lower to $1.66 billion.

Exit Interview With NAB’s Dennis Wharton

Dennis Wharton is exiting his post as chief spokesman and communications strategist for the National Association of Broadcasters at the end of June after 24 years, the longest such tenure in the group’s history. In a previous life, Wharton covered Washington as the D.C. bureau chief for Variety.

TV Nets Resisting Ad Rate Cuts

The nation’s big media companies are trying to avoid great pressure from advertisers and media buyers to take severe cutbacks in ad rates in early talks as part of the industry’s annual upfront ad market, according to three executives familiar with discussions. Their pushback suggests owners of networks like CBS, NBC, ABC and Fox are betting that a return of favorite TV elements like sports will draw new interest from sponsors and generate more demand for TV commercials — and potentially help them avoid capitulating to the most onerous demands.

Virus Takes A Bite Out Of Fee Growth

Pay TV video-subscriber losses, fueled in part by the economic uncertainties surrounding the pandemic, reached a record high in the first quarter and are expected to get bigger, leaving exposed two of the largest revenue segments for programmers —
retransmission consent and affiliate fees.

CLOSING BELL

Dow Moves Up 92, Nasdaq Climbs 62

Stocks closed higher Monday, extending their run. The S&P 500 climbed 0.4% after wavering between small gains and losses in the early going. Banks, companies that depend on consumer spending and communications companies accounted for a big slice of the gains. Health care was the only sector to fall. Bond yields were mostly higher, another sign of optimism among traders. Oil prices fell.