“We are running into the global arena faster than anybody,” Jeff Hirsch told an investors conference as he decided against commenting on CBS possibly eyeing the premium cable channel as an acquisition target for $5 billion.
CBS expects the volume of advance advertising commitments placed against its next primetime schedule to rise 5% to 6%, according to a person familiar with the matter, and advance commitments placed against its latenight programming to increase 20% in the industry’s annual “upfront” marketplace. The figures show advertisers maintaining their position in one of the stalwarts of linear broadcast television at a time when more consumers are showing interest in streaming video they can watch at times of their own choosing.
The Wall Street Journal reports CBS is preparing to make an offer for sister media company Viacom in the coming weeks, following a meeting of CBS directors last week in which a potential deal was discussed. If the companies move ahead with talks, it would be a third attempt to reunite the $30 billion media empire that was divided by mogul Sumner Redstone more than 13 years ago. Journal subscribers can read the full story here.
March Madness continued to be a full-court moneymaker with CBS and Turner Sports generating $655.1 million in ad revenue during the NCAA Men’s College Basketball Tournament, according to new data from Standard Media Index.
The agreement with CBS, Cox, Scripps, Fox and Tegna requires them to “terminate and refrain from sharing revenue pacing information and other competitively sensitive information.”
Veteran television producer Dick Wolf, best known for creating the Law & Order franchise, is eyeing a cross-network crossover between his CBS freshman procedural FBI or its in-the-works spinoff FBI: Most Wanted and one of his NBC shows, such as Law & Order: Special Victims Unit or Chicago P.D.
CBS has unveiled its fall premiere game plan for the 2019-20 TV season, and The Neighborhood will be first out of the gate on Monday, Sept. 23. The sophomore sitcom will serve as the lead in to new series Bob Hearts Abishola (at 8:30) and the legal drama All Rise (at 9).
Just over a year after first cryptically alluding to “multiple physical assaults” on the NCIS set, Pauley Perrette has shed more light on her claims — and in doing do put series lead Mark Harmon in the crosshairs.
The Red Line, which had been billed as a limited series, had a sluggish rollout and continued to draw soft ratings throughout its entire eight-episode season.