Business

Wall Street wilted Wednesday to trim its May gains. It had been on track for its best month since last November.

Lauren Anderson has been named head, brand and content innovation. In the new role, she will managed Amazon MGM Studios’ collaboration with brands as they partner on its originals.

Lisa Valentino, a senior executive at Disney Advertising Sales who had in the past been tasked with several of the unit’s digital initiatives, has left the company, according to people familiar with the matter, even as Disney is in the midst of its upfront talks with advertisers.

Evolving tech is blurring lines and encroaching on artists’ terrain. But rather than just fighting AI, the industry must harness it in creative new ways, writes power player Dawn Ostroff.

Gileadi had been with Google, where she was global product lead for cross-media measurement and industry advocacy.

Scripps taps the former Spectrum News 1 newsroom leader to oversee daily operations as well as news at the ABC affiliates in Texas.

The deals give OpenAI added momentum in its quest for credible content to train its algorithms and inform its chatbots — and could also protect the Microsoft-backed company further from future copyright liability. Both multi-year partnerships include agreements in which OpenAI is able to license the publishers’ archived content to train its AI models.

The annual one-day campaign aims to raise money and awareness to help radio and TV professionals in acute need.

The purchase of four stations by Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The U.S. ad market expanded for its 13th consecutive month in April, rising 9.1% over the same month in 2023, according to the latest installment of data from Guideline’s U.S. Ad Market Tracker. April also in the first month in quite some time to post an increase on top of a prior year increase, albeit a modest one: April 2023 was up 0.7% over April 2022.

Zeev Neumeier, who founded Inscape and was a pioneer in automatic content recognition, is beta-testing his new venture, GraySwan. GraySwan’s artificial intelligence technology plugs into existing connected TV ad tech stacks to eliminate unusual occurrences — so-called gray swans — and make campaigns run more efficiently.

The new partnerships feature content-sharing agreements with nonprofit outlets based in California (CalMatters), Hawaii (Honolulu Civil Beat), Montana (Montana Free Press), Nebraska (Nebraska Journalism Trust) and South Dakota (South Dakota News Watch).

As tech companies race to perfect machines that can already produce humanlike text, summarize long documents and describe images and videos, media companies, including Barry Diller’s IAC, are struggling to figure out where they fit into the new gold rush.

Ted Sarandos seems to be very good at giving us more of what we want. And after a crackdown on password-sharing, his company has come out on top in the crowded streaming wars (if you set aside YouTube, which Sarandos does not). That doesn’t mean everything is rosy all the time now — the company has had several rounds of layoffs in the past few years — but Sarandos, along with his co-chief executive, Greg Peters, has put Netflix in a dominant position. Has this been good for us? Or for culture?

New jobs posted to TVNewsCheck’s Media Job Center include an opening for a remote position as a national advertising sales account executive. Existing jobs posted include openings for a vice president-GM, a market manager and director of student media.

Here is a guide to what’s already here, what’s on the way, and what it means for consumers and streamers.

Commercials are here, there — almost everywhere — on streaming services now.

Two years ago, Snapchat started rebuilding its advertising business from the ground up. Following the launch of Snap’s Conversions API (CAPI), the social media company has reported an increase in small business advertisers, CAPI integration partners, and a revenue boost. Now, Snap is providing further advertising updates, including redesigned formats and more.

The FCC chairwoman’s penchant for onerous deal conditions and circumventing her fellow commissioners on critical ownership cases has pushed broadcasters to a “break glass” moment.

Nasdaq set another record Friday as Wall Street won back earlier losses.

Media Matters for America, the progressive watchdog journalism organization, underwent a round of layoffs, as its president cited the shifting media landscape as well as its defense against legal action. A spokesperson said that more than a dozen staffers were impacted.

The International Alliance of Theatrical Stage Employees wrapped up its first week of negotiations over the union’s Area Standards Agreement with the Alliance of Motion Picture and Television Producers on Friday. IATSE and the AMPTP will head back to the table next Tuesday following the Memorial Day holiday.

Breaking with more than a century of policy, the NCAA will pay billions in damages to former athletes and allow schools to pay athletes up to $20 million a year.

Quarterly losses shrank at Lionsgate and revenues climbed as the company’s television business rebounded from the twin strikes that had shut down production for much of 2023. Revenue at the company behind The Hunger Games and John Wick franchises topped out at $1.12 billion for the three-month period ending in March, up from $1.08 billion in the prior-year quarter.