An Alabama law firm that advertised on television is accusing the six biggest owners of TV stations — Sinclair Broadcast Group, Tribune Media, Gray Television, Hearst Corp., Nexstar Media Group and Tegna — of scheming to artificially inflate the price of ads, according to a new antitrust class action lawsuit.
Steven Swartz, president-CEO of the privately held Hearst Corp., says the company managed a seventh straight year of record profit in 2017 despite an increasingly difficult media content environment. In his annual state-of-the-company letter to employees, Swartz said total company revenue was flat compared with 2016 at $10.8 billion.
The $81.3 million deal is the latest to underscore the growing popularity of Internet video services. Glendale-based DreamWorks bought AwesomenessTV, or ATV, at a price that could exceed $100 million if certain financial targets are reached. Just 19 months later, Awesomeness TV has now been valued at $325 million, based on Hearst’s investment.
Hearst Corp. has formed a new Silicon Valley digital product development group to accelerate its high-growth, multiscreen digital media offerings. Rick Marini, formerly CEO of BranchOut, and engineering teams from BranchOut will be forming the core of the new group.
Steven Swartz, Hearst Corp. president and CEO, in a letter to staffers on Tuesday said the company achieved record revenue and profit in 2013 and indicated he would continue to follow the four-part strategy for growth laid out by his predecessor Frank Bennack.
Online video company Aereo poses a threat to over-the-air broadcast services, the TV company Hearst says in new court papers. Hearst, which owns the ABC affiliate WCVB in Boston, makes the argument as part of its attempt to convince the First Circuit Court of Appeals to ban Aereo from operating.
Aereo Inc., the online television service facing lawsuits by broadcast TV networks in New York for copyright infringement, was sued in Boston by the Hearst-owned ABC affiliate over similar claims.
Frank Bennack will continues as executive vice chairman of the board, among other leadership roles, after turning over the CEO position to Steven R. Swartz on June 1.
Scott Sassa, president of the Hearst Entertainment & Syndication group, who manages the company’s interests in ESPN, Lifetime and others, has left the company over a sensational extortion plot involving a Los Angeles-based stripper he was sexting.
The move, which will look to court metrosexual viewers that History and Spike ignore, will include programming focused on gaming and lifestyle.
Hearst Corp. has acquired a 50% interest in NorthSouth Productions, the producer of reality shows such as Say Yes to the Dress: Atlanta on TLC and the upcoming Impractical Jokes on TruTV.
He has been EVP-COO since 2011, and is a member of Hearst Corp.’s board of directors. The promotion is seen as a step in the succession planning at Hearst, where Frank Bennack continues as CEO.
NEW YORK (AP) — Hearst Corp. board chairman George Randolph Hearst Jr., the oldest grandson of the media titan William Randolph Hearst, has died at 84. The company said on its website that Hearst died Monday in California following complications from a stroke. George Hearst was the chairman of a media conglomerate that traces its […]
Hearst Corp. is increasingly leaning on the bold and innovative efforts of the start-up ecosystem to overhaul its newspapers, magazines, local television and radio stations for the new digital age.
The media company takes a “substantial” interest in the reality TV guru’s production firm with plans to produce TV shows other programming and events based on Hearst brands.Ã¯Â»Â¿
Frank A. Bennack, Jr., chairman of The Paley Center for Media and vice chairman-CEO of Hearst Corp., says it has been an extraordinary year for local television. “Every time you think it’s over for television, you have this great year,” he said in a session with Paley Center President/CEO Pat Mitchell at the close of its IC 2010 meeting Friday.