The quarter is likely to suffer from a lack of Olympics and lower tech school ad money, but a bright spot is some early political spending and upward trending automotive.
The rep firm says his new position as executive vice president of business development and partnerships highlights its commitment to “develop new business and drive revenue for all Katz partners.”
The increase to $631.8 million is helped by a 40% rise in digital revenue. The company’s total revenue grew 2% to $679 million.
Gleaning data from Nielsen’s evolving Total Content Ratings, CBS touts strong time-shifted viewing from traditional TV platforms for the recently completed 2016-17 season.
Cordillera Communications-owned NBC affiliate KVOA Tucson, Ariz. (DMA 71, has promoted Alyx Dote to weekend news anchor. She will co-anchor News 4 Tucson weekend newscasts at 5:30 and 10 p.m. with Nick VinZant. Before joining KVOA in June 2016 as a reporter/multimedia journalist, Dote reported for KRCR Chico, Calif. She graduated from San Diego State […]
Spanish-language broadcaster LBI Media said today that its Estrella TV Network has added a new affiliate in Wichita, Kan. Estrella TV has signed an affiliate agreement with KCTU-LD owned by River City Broadcasters, which will air the network on ch. 43 as early as this week. KCTU becomes Estrella’s its 48th affiliate. “Adding KCTU as a […]
General Motors, Ford, FCA, Nissan and Honda posted U.S. sales declines for July in what is shaping up to be one of the rougher months so far in a down year. Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a 3% gain.
YouTube, on an aggressive push to expand its footprint in online video, is said to be offering publishers more control over their own ad inventory in order to win their business. The site is offering major publishers who choose its backend video player the ability to control ad sales both on their sites and on YouTube, according to people familiar with the new offering. Additionally, YouTube is offering the player and its services for free, they said.
In addition to political shortfalls typical of an odd-numbered year, Tegna will come up short because its many NBC affiliates will not be able to match revenue they garnered in last year’s 3Q when they aired the Olympic Summer Games. Auto advertising also remains problematic. Looking forward, CEO Dave Lougee said that if the FCC eases the ownership limits, Tegna will have ample headroom to expand and could also add to its portfolio in markets where it already has a presence.
Blink, and you’ll miss them: Fox intends to pepper its coming broadcast of Teen Choice 2017 with six-second commercials for Duracell batteries and Snickers and Twix candy bars. In a move that seeks to take a commercial format used frequently by YouTube and determine if it’s ready for primetime TV, the 21st Century Fox-owned broadcast network said it will run shorter commercial breaks during the Aug. 13 event that will also include promos for Fox shows that are just six seconds in length.
Scripps was already a 5% owner in a portion of the business, so its net purchase price is $292 million for Bounce, Grit, Escape and Laff. Founder Jonathan Katz will continue to lead the Katz networks business. The company, with about 130 employees, will remain based in the Atlanta area.
The increase to $489 million is primarily driven by new initiatives and a 24% increase in a new category, Subscription Revenue, which includes retrans.
ComScore signed an agreement with Media Management Inc., which provides media audit support to the industry, to add comScore’s local television measurement to MMi’s Circle Audit auditing system. The addition of comScore’s local television ratings into MMi’s system will help advertisers and agencies evaluate and verify deliverables and provide an additional choice for validation of their media purchases. “Our partnership with comScore is […]
Charter Communications shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank’s U.S. wireless carrier, Sprint Corp.
Portland, Maine, CBS affiliate WGME and Fox affiliate WPFO each carry commentary segments by Boris Epshteyn nine times a week on orders from their owner, Sinclair Broadcasting Group, the nation’s largest owner of local television stations and an aggressive, unabashed disseminator of conservative commentary supporting the Trump wing of the Republican Party. The commentaries are raising some eyebrows among viewers and others in the state.
Sony Corp. posted group-wide net income of $722 million, up 282% from the same quarter last year, as the company’s turnaround continued to bear fruit. Sony Pictures posted a loss of $86 million for the April to June quarter, compared to a $103 million loss in the same period last year. Sales were up 12.3%, helped by higher television production sales, offset by lower theatrical revenue along with advertising costs for Spider-Man: Homecoming.
NBC-owned WNBC New York (DMA 1) on Monday named veteran journalist Adam Kuperstein as the station’s new weekend evening anchor, joining Jummy Olabanji for the 6 and 11 p.m. newscasts on Saturdays and Sundays. Kuperstein will also provide general assignment coverage on weekdays. He will join WNBC in September. Kuperstein has been serving as weekday […]
Stocks inched up Monday as media and bank gains canceled out a drop among tech issues.
Tribune Media Co. said Monday afternoon that it has sold the majority of its ownership stake in CareerBuilder, as Tegna completed the sale of CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management and the Ontario Teachers’ Pension Plan Board. As a participant in the sale, Tribune Media will receive approximately $158 million in cash and will retain an approximate 7% ownership stake in CareerBuilder on a fully-diluted basis.
Former Tribune Media executive Keith Hopkins brings extensive carriage and distribution experience and MVPD relationships to his new role.