DMA 112: LANSING, MI

Nexstar Taps Marci Daniels As WLNS VP-GM

The group broadcaster is moving a veteran broadcasting executive with management, sales, and marketing experience from its WETM Elmira, N.Y., to lead is CBS affiliate WLNS in Michigan.

Commentary: One Simple Thing The Cable Industry Can Do To Save Itself

WCNC Names Nicole Henderson Sales Director

The veteran sales leader moves from WGHP Greensboro, N.C., to join Tegna’s Charlotte NBC affiliate on June 1.

BRAND CONNECTIONS

It’s Time To Uproot American Newspapers From Hedge Funds And Replant Them In More Hospitable Ground

MARKET SHARE

We Have A Winner In Stephen Arnold Music’s Guitar Giveaway

CLOSING BELL

Dow Moves Up 60, Nasdaq Adds 71

Stocks managed modest gains Friday but still ended lower for the week. The S&P 500 rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus pandemic is crippling the economy.

Production Insurance Could Cover Virus Losses

Companies insured prior to Jan. 24, 2020 are likely to have most of their financial losses covered, according to a report from Pillsbury Law. According to Pillsbury’s report, the TV industry has already lost nearly $10 billion in TV ad revenue because of the pandemic. In addition, TV production is down by more than 20% in Los Angeles.

Sinclair To Pay Sports Techs $3 Million

Sinclair Broadcast Group will pay more than 1,000 of its eligible freelance sports broadcast technicians $2,500 each in the second phase of its assistance program. A company spokesman said Friday that the payment will total more than $3 million as a response to the COVID-19 pandemic. The payment is coming nearly two months after Sinclair offered the technicians an interest-free advance of $2,500 to the network freelancers who work at its Fox regional sports networks and Marquee Sports Network.

Q&A

Cincinnati GMs Talk Pandemic’s Impact

TV viewing is up, advertising revenues are down, but no layoffs — those are some takeaways from interviews with general managers Debbie Bush, WXIX; Branden Frantz, WLWT; Jeff Brogan, WCPO; and Jon Lawhead, WKRC-WSTR.

MARKET SHARE

High School Grads Have Their Stage Thanks To KALB

Political Ads Expected To Explode

The U.S. economy is in free fall due to the coronavirus pandemic, but political advertising is expected to reach new heights because of it. A new, joint report from the ad tracking firm Advertising Analytics and analytics company Cross Screen Media projects that the total ad spending on the 2020 election cycle will reach $6.7 billion, up 12 percent over their initial $6 billion projection for the cycle. The new projection is a result, in part, of “the lack of face-to-face campaigning driving higher shares of budgets to paid media.”

TVN’S FRONT OFFICE BY MARY COLLINS

Collins | COVID-19 And Media Companies’ Futures

With every generation relying on media from a multitude of sources to inform and distract more than ever before, there is a huge opportunity for media companies to engage a captive audience. Forward-thinking media companies will be focused on creative solutions to keep engaging content flowing to consumers across a variety of platforms while continuing to find ways for advertisers to reach their potential customers.

CLOSING BELL

Dow Climbs 377, Nasdaq Moves Up 81

On Thursday, another late reversal upended Wall Street, this time sending stocks higher. The S&P 500 climbed 1.2% in another scattershot day of trading, with many stocks flipping from the bottom of the leaderboard to the top following a few sharp reversals in momentum. The zig-zag trading followed up on earlier losses for Asian and European stocks, while Treasury yields sank in a sign of increased pessimism.

DMA 38

Jeff Holub Named GM Of WHNS Greenville, S.C.

Meredith promotes him from station manager at its Atlanta duopoly. At the same time WHNS News Director Kelly Boan is move up to station manager.

DMAS 102 & 191

Matt Hamilton New GSM At KIVI-KSAW

He joins from iHeartMedia in Portland, Ore., to oversee sales at the Scripps ABC affiliates in Boise-Nampa and Twin Falls, Idaho.

DMA 103

J. Patrick Baldwin New WHBF-KGCW VP-GM

Nexstar taps the veteran broadcasting executive with 35 years of management, sales, and marketing experience to lead WHBF-TV, KGCW following the retirement of Marshall Porter.

EARNINGS CALL

Meredith Looks To Grow Share In Ad Downturn

Local Media Group President Patrick McCreery gave analysts some detail on category performance. “The most impacted … was automotive. Our largest category now — as has been for the last year — is professional services. And that seems to be suffering less than some of the other categories.”

DMA 9: BOSTON

Bill Fine To Retire As GM Of WCVB Boston

Later this year, the TV veteran will conclude a five-decade career including 15 years at helm of Hearst’s Boston ABC affiliate.

IAB Reveals NewFronts Virtual Lineup

The IAB has announced details for the virtual NewFront presentations in June, adding newer presenters like TikTok and Roku to a roster full of mainstays like Hulu and YouTube. The NewFronts, usually a splashy New York affair that leads up to the traditional TV upfronts in May, will be held this year will be June 22-26, with daily blocks from noon to 4 p.m. ET.

QUARTERLY REPORT

Meredith Station Quarterly Revenue Dips 1.6%

Increased political revenue couldn’t offset advertising losses due to the coronavirus pandemic, sending Local Media revenue to $99.7 million for the company’s fiscal third quarter.

Cable Reports Best Quarter In 13 Years

Despite the hemming and hawing over cord cutting, top operators added more than 1.2 million high-speed internet customers in 1Q, according to Leichtman Research Group.

NBC Sports Announcers Take Pay Cut

CLOSING BELL

Dow Drops 517, Nasdaq Loses 139

Stocks dropped again on Wednesday over worries about a slow economic recovery. The S&P 500 fell 1.7% Wednesday for its second straight loss, with the biggest hits targeting companies that most need a healthy economy for their profits to grow. Treasury yields also sank in a sign of pessimism after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession.

DMA 20: SACRAMENTO, CA

Ariel Roblin Named GM Of KCRA-KQCA

Hearst Television moves her from its KETV Omaha, Neb., to succeed the retiring Elliott Troshinsky as head of its NBC-MNT duopoly in California’s capital city.

Condé Nast, BuzzFeed Make More Cuts

Upfront Ad Spending To Decline 33%

Ad spending during this year’s upfront network TV marketplace will decline 33% from last year’s, if one occurs at all. Those are the findings of the most recent wave of COVID-19 pandemic tracking studies conducted by Advertiser Perceptions.

Hollywood Giants Plan More Cost-Cutting

With 1Q revenue dragged down across divisions — from the closed theme parks units and film segments, affected by closed cinemas, and TV networks, where advertising started tanking amid the virus crisis despite higher news and other ratings — it is no wonder that management teams have in recent weeks unveiled furloughs, salary cuts and other measures to reduce their cost base.

NAB’s Gordon Smith: Broadcasting Will Endure

NBCU Foundation Awards Project Innovation Grants To Nonprofits

The Comcast NBCUniversal Foundation and the NBCUniversal Owned Television Stations division today announced $2.475 million in Project Innovation grants will be presented to 69 organizations in 11 markets that are using innovation to tackle everyday problems and urgent COVID-19 needs in their communities. The nonprofit organizations selected as Project Innovation 2020 grant recipients all exhibited flexibility […]

Facebook Helping Launch Tech Advocacy Group

Facebook is working behind the scenes to help launch a new political advocacy group that would combat U.S. lawmakers and regulators trying to rein in the tech industry, escalating Silicon Valley’s war with Washington at a moment when government officials are threatening to break up large companies. The organization is called American Edge, and it aims through a barrage of advertising and other political spending to convince policymakers that Silicon Valley is essential to the U.S. economy and the future of free speech.