THE PRICE POINT

Now’s The Time For The Newscast Of The Future

Stations bringing up the rear in their local markets have nothing to lose by shaking off their conventional thinking and introducing some radical changes to their news content. Here are a few ideas on how to kick that off.

THE PRICE POINT

It’s Time To Address Local TV’s Burnout Problem

Local television is an industry that runs on energy, and it has a short circuit. Top leadership needs to confront the burnout issue behind it right now.

THE PRICE POINT

TV Needs Direct Mail 2.0 And NextGen TV Will Help

According to BIA estimates, direct mail will account for $33.4 billion in local ad revenue next year. Now is the time for local TV to frame out how NextGen TV can be deployed along similar lines to capture that revenue for itself.

THE PRICE POINT

Amid Local News Death Narratives, There’s An Opportunity For TV

The death of local news story much ballyhooed in journalism circles says more about the arrogance of local newspapers than the industry’s actual state. But TV stations need to heed an important lesson in the narrative and cast themselves as trusted local partners, not authoritative gatekeepers of information.

THE PRICE POINT

Emperor Nielsen Has No Clothes

Under well-deserved pressure from the Video Advertising Bureau and the Media Rating Council — not to mention Discovery’s David Zaslav — Nielsen is facing a potentially existential moment. It would do well not to revert to its usual defensive crouch and, instead, engage in a straightforward and transparent dialogue with its clients.

THE PRICE POINT

Recalling The Ghost Of Nagano

NBC’s Tokyo Olympics are shaping up to be an echo of the 1998 Nagano disaster at CBS, but aberrations aside, the Games will remain sports’ gold standard.

THE PRICE POINT

The Insanity Of Political Advertising Rules

There’s a welcome place for reasonable regulation of political ads, but the current rules are so cumbersome and fraught with traps that even the most minor mistakes invite ready fines and embarrassment. Hopefully, acting FCC Chair Jessica Rosenworcel’s forthcoming changes will address that, but there’s reason for skepticism.

THE PRICE POINT

Price Point | Leading A Different Generation

Millennial employees can present generational challenges to older industry leaders, but great leadership transcends these differences, a trait especially needed as the industry navigates enormous change.

THE PRICE POINT

The Price Point | Paid Segments Erode Trust In Local News

John Oliver exposed an embarrassing practice of using local news personnel to shill products on air. Station groups that participate are playing a dangerous game with viewers’ trust in the process.

THE PRICE POINT

The Price Point | WarnerMedia-Discovery Deal Exposes Achilles’ Heel

This week’s announcement of a mega-merger between AT&T’s WarnerMedia and Discovery must still pass muster with consumers who may not be willing to pay a premium fee for much of what they watch.

THE PRICE POINT

The Price Point | Nielsen Must Restore Clients’ Confidence

The Video Advertising Bureau accuses Nielsen of a “systematic undercounting” of TV program viewership since last March. Nielsen needs to respond to the accusation with more than a white paper.

THE PRICE POINT

The Price Point | NewsNation Finds Itself At Early Crossroads

Nexstar’s nascent NewsNation cable network has been roiled with high-level departures and “plummeting morale amid dismal ratings,” as summarized by one media writer. It is certainly at a pivotal juncture, and whether it can deliver on the unique, apolitical content it promised will be key to its survival.

THE PRICE POINT

Price Point | As Winter Storm Coverage Proves, Streaming Isn’t Everything

Last week’s winter storms were a reminder that audiences, enamored of streaming though they might be, still tune in to live TV coverage as essential viewing. Networks would do well to take that into account and move forward with integrated distribution strategies that include their legacy station partners.

THE PRICE POINT

The Price Point | A Return In Sight For Stations?

Television stations should take a cue from the NAB, whose commitment to holding an in-person conference in October offers a light at the end of COVID’s long, dark tunnel.

THE PRICE POINT

Price Point | NATPE As We Knew It

The virtual, but still vital, NATPE that took place this week occasions a look back to its origins from early days of hotel suites to a carnival-like heyday packed with stars.

THE PRICE POINT

Price Point | How To Handle Blackouts During A Pandemic

There are no winners on the local front when it comes to station blackouts, but stations can maintain goodwill by answering irate viewers’ calls, keeping clients informed and calling viewers when carriage is restored.

THE PRICE POINT

The Price Point | Leadership In A Down Year

A down year is a good time to be a hero since corporate expectations are low and any successes are magnified. But GMs need to face the situation head on, have the guts to make tough operating decisions and hold the line on sales rates, even when there’s pressure to cut them.

THE PRICE POINT

The Price Point | Suddenly, A Profitable Year For Local TV

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.

THE PRICE POINT

The Price Point | AT&T/DirecTV Divorce Offers Important Lessons

AT&T never had a clear plan to integrate DirecTV into its overall strategy, and instead piddled away its brand and showed an utter failure of leadership in the process.

THE PRICE POINT

The Price Point | Will Ellen Survive? Bet On It

There’s little chance that either Ellen DeGeneres or Warner Bros. will walk away from a staple of daytime TV that has flourished for almost two decades. Look for a carefully-orchestrated mea culpa and a triumphant return — she’s too good an actress for any other outcome.

THE PRICE POINT

The Price Point | The Television Programming Stream Narrows

Everyone who is anyone is now in the streaming business, including the traditional over-the-air networks. Late entrant NBC was so eager for a piece of the pie it was willing to anger its affiliate body by moving some first plays to Peacock. This has damaged an already fragile relationship. Brand is what strong local television stations do best. Whatever the future may bring, their unique relationship with local audiences is an advantage no other form or media can claim.

THE PRICE POINT

The Price Point | Why Local Leadership Matters

Hank Price: One is struck by how important leadership is during these times. Group heads set the tone and define the values of their companies, but only local leaders set the vision for their stations. No company, no matter how good, can overcome visionless local leadership.

THE PRICE POINT

The Price Point | Amid COVID-19, What Has TV Learned?

Some trends in local television are making themselves clear as the country slowly reopens, among them a growing pressure to consolidate, a need to find new revenue streams and greater workplace portability.

THE PRICE POINT

The Price Point | Financial Management Is More Than Money

Station business managers are critical to the organization’s success. Sometimes overlooked, they’re a GM’s partner in running the station and essential to realizing its strategic plan.

COMMENTARY

Managing Impact Of Political Ads In TV News

During the run-up to elections, stations are inundated with requests for political ads during newscasts and stations are happy to oblige. However, for news directors that can mean less time in the broadcasts for news. Hard decisions have to be made such as, “Do we even have time for sports tonight?” News director “victimhood” is often on display. Rather than just acting like a victim, here are some things that might make life a little more bearable.

THE PRICE POINT

The Price Point | Appetite For New Streaming Services Is Limited

Today’s consumer does not have an unlimited financial appetite for new streaming services. Every time a new OTT service is selected, the consumer will feel pressure to drop something else. As competition increases, one must ask what all this means to retransmission consent.

THE PRICE POINT

The Price Point | TV Station Staff Safety Should Be No. 1 Priority

Harassment by unhinged viewers, especially the threat of unwanted sexual attention, is a problem for women appearing on television across the country. We can’t protect our staffs from everything, but we’ve seen this particular problem too many times to not recognize it and take action. Nothing less is acceptable.

THE PRICE POINT

The Price Point | Broadcasting In The Public Interest

With coverage of the Trump impeachment pretty much an overwhelming information dump, some may question why broadcast TV should bother, especially given the loss of ad revenue that results. It is during times like this that we must remember why local over-the-air television is fundamentally different from cable, OTT and all the rest. We are not just businesses. We are stewards of the public trust, operating on the public airways. Our service is free to anyone with an antenna. If viewers choose to pay to watch us on satellite, cable or OTT, then great, but no one is required to do that.

THE PRICE POINT

The Price Point | An Ode To CBS’s Black Rock

My first thought when seeing Viacom’s announcement that William S. Paley’s architectural masterpiece Black Rock will be put on the market was horror. But then I checked. Black Rock is on the National Register of Historic Places, so I, for one, breathed a sigh of relief.

THE PRICE POINT

The Price Point | Why Viewers Trust Local Political Coverage

Hank Price: “Every local general manager and news director is well aware of their need to constantly build and maintain viewer trust. Trust is not optional. To lose it is to go out of business.”

THE PRICE POINT

The Price Point | Netflix Subscriber Miss Signals New OTT Phase

Netflix’s major Q2 shortfall on new subscribers signals that OTT services are beginning to learn what broadcasters have long known: not everything will be a hit, and even the best programming has a shelf life.

Brand, Tech Are Keys To Future Of TV News

Television has a bright future if it can adapt to the times and focus on its brand, its consumers and the technology its viewers have chosen, says a veteran industry executive. “The brand is not television,” Hank Price said. “Television is an extension of the brand. We are not in the television business but in the local information business. That is why people are watching us.”

DMA 43: BIRMINGHAM, AL

Hank Price To Retire As WVTM President-GM

The head of Hearst Television’s NBC affiliate in Birmingham, Ala., caps a nearly five-decade broadcasting career, including 18 years with Hearst.

COMMENTARY BY HANK PRICE

Looking Toward Journalism’s Radical Future

Hank Price, GM of WXII Winston-Salem, N.C.: “Who is in the best position to create this radical future of journalism?  Who will create tomorrow’s “trusted choice?” Will it be major newspapers and leading television stations or two kids in a garage?  The answer to that question is up to you and me.  Either way, we will get what we deserve.”

OPEN MIKE BY HANK PRICE

Making The Strong Case For Local TV News

In response to last week’s commentary by Ed Rabel critical of local TV news, the president-GM of WXII Greensboro/Winston-Salem, N.C., rebuts: “We live in a new golden age of over-the-air television. Leading stations with strong newscasts find themselves offering more services to more people than ever before.”