U.S. Subscription Streaming Revenue Spikes 17% In 3Q To Nearly $16.4 Billion

Other home video sectors are down from the 2020 quarantine, Digital Entertainment Group finds.

High-Priced Scatter Deals May Not Worry Brand Advertisers

Big TV-focused brand marketers are now less concerned about price hikes in the scatter TV marketplace, according to a recent study from Advertiser Perceptions. Thirty-eight percent of media-executive respondents made upfront deals to “avoid rate hikes in the scatter market” — down from 49% a year ago, according to a June 2021 survey from the ad-business research company. This comes after marketers rushed into the upfront marketplace this past summer, resulting in a massive 20% to 25% cost-per-thousand viewer price increases.

CLOSING BELL

Dow Climbs 104, Nasdaq Advances 11

Another day, another record on Wall Street as stocks inched up on Monday. The S&P 500 inched up by 4.17 points, or 0.1%, to 4,701.70 after drifting between a small loss and gain through the day. It’s the eighth straight day the index has set an all-time high, tying its longest winning streak since April 2019, though most of the gains during this stretch have been only modest.

BRAND CONNECTIONS

ANA Washington Chief Dan Jaffe Announces Retirement

The Association of National Advertisers announced today that Group EVP Dan Jaffe, who has led the ANA’s government relations office in Washington for the past 36 years, will retire at the end of this year. Jaffe, a Washington veteran long recognized as one of the marketing industry’s most influential lobbyists, will be succeeded by ANA SVP […]

‘Broadcaster Blockchain’ Goes Mainstream

Last month Fox offered 10,000 free “Miss Masky’ Genesis Edition NFTs to the general public through its www.maskverse.com website. In less than 10 hours, all 10,000 had been claimed and a second 10,000 NFT run had been announced. The question now is where do NFTs fit in the television ecosystem?

CTV Ad Companies VideoByte And VideoBridge To Merge

TVN’S MEDIA JOBS

New Jobs Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include openings for an assistant chief engineer, an MMJ/reporter, a broadcast/IT engineer, a creative services producer, a director of technology, a sales support coordinator, a news director, an executive producer and a weekend anchor/reporter.

Why The Media Loves Labor Now

At a moment of political turmoil, economic change and a pandemic-driven focus on how we work, labor has become a hot news beat. Above,

Meta Plans Brick-And-Mortar Stores

The social networking company has discussed opening physical stores to showcase its virtual reality and augmented reality devices.

Challenger AEW Serves Up A Real Fight

AEW is WWE’s first real fight in decades. It may change the face of pro wrestling in the U.S. Though the television contracts are just below those of professional sports leagues in the United States, the money spent on broadcasting pro wrestling is serious. AEW is in the middle of a $175 million television deal with WarnerMedia to air matches on Dynamite and Rampage twice a week on TNT, before moving to TBS next year.

CLOSING BELL

Dow Gains 204, Nasdaq Finishes Up 31

U.S. stocks pushed further into record heights on Friday following an encouraging report on hiring across the country, though trading was shaky as the bond market was hit with another day of sharp swings.

Byron Allen Raises $10B For Tegna Bid, Debt Refinancing

Media entrepreneur Byron Allen has raised $10 billion in preferred equity and debt for his bid for station group Tegna, hoping to prevail over a rival offer from investment firms Apollo Global Management and Standard General LP, people familiar with the matter said. The financing is backed by a consortium of 14 banks and 10 investors, including Ares Management Corp., Fortress Investment Group, Oaktree Capital Management and Michael Milken’s family office, one of the sources said.

Greg McAlister Named GM Of KCBD-KLCW Lubbock

The veteran Texas broadcast executive is tapped by Gray Television to oversee its NBC-CW duopoly in Lubbock, Texas.

EARNINGS CALL

Scripps Targets New Advertisers To Grow Core

“In addition to a strong ad market, our core revenue was being bolstered by our success capturing new-to-TV advertisers,” Local Media President Brian Lawlor told analysts this morning. “In this quarter we again had over 1,000 new-to-TV businesses advertising, who have been developed by our local sellers over the pandemic. Across our footprint, we are focused on maintaining a strong and consistent effort to bring new business to local television.”

Tegna Files Cross-Complaint Against Dish

It charges the satellite provider with bad-faith conduct in retrans negotiations and responds to what it calls Dish’s “false claims.”

QUARTERLY REPORT

Scripps 3Q Adjusted Station Rev Down 15%

The drop to $331 is pegged to lower political ad revenue, that more than offset an 18% increase in core advertising to $167 million.

Facebook Faces New Antitrust Lawsuit

The suit, filed by the now defunct photo start-up Phhhoto, accused the social network of stalling on a deal and then putting it out of business.

QUARTERLY REPORT

Graham 3Q TV Revenue Dips 5%

The decrease to $126.5 million is due to a $24.1 million decrease in political advertising revenue and partially offset by increased local and national advertising demand, Summer Olympics money and higher retrans revenue.

Moonbug, Producer Of Netflix Hit ‘Cocomelon,’ Sold To Kevin Mayer & Tom Staggs

The media venture run by Disney alums Kevin Mayer and Tom Stags and backed by private equity firm Blackstone has acquired Moonbug Entertainment, maker of popular kids shows like CoComelon. The valuation of the deal, which had been rumored in recent weeks, was not specified in the official announcement, but people familiar with the transaction pegged it at $2.75 billion. With earn-out incentives, the final pricetag could reach $3 billion.

TVN’S FRONT OFFICE

Digital Ad Taxation: Great In Theory, But Disastrous In Practice

A concept that on paper seems like a good idea — levying additional taxes on media companies that sell digital advertising to keep the power and influence of Big Tech in check — is quickly turning out to be a disastrous experiment. While many believe the digital behemoths aren’t paying enough taxes, remedies proposed at the state level demonstrate digital advertising taxes can be unfair to smaller media companies, particularly struggling local news outlets.

EARNINGS CALL

Univision Grew Auto Advertising Last Quarter

CEO Wade Davis: “We actually grew the auto category” low- to mid-single-digits, “which is pretty remarkable relative to some of the performance of our peers.”

Lionsgate Exploring Starz Sale Or Spinoff

Lionsgate says it’s exploring options for Starz is news that is sure to heat up the M&A rumor mill. The company made the announcement in an SEC filing as it reported quarterly earnings Thursday.

CLOSING BELL

Dow Falls 33, Nasdaq Advances 129

Despite a mixed finish, the S&P 500 and Nasdaq notched records on Thursday. The benchmark S&P 500 rose 0.4%, extending its winning streak to a sixth day. The Nasdaq climbed 0.8%, its ninth-straight gain and latest record high for the tech-heavy index.

EARNINGS CALL

Streaming Is ViacomCBS’s Focus For Wall Street

Those businesses will become one of three stand-alone reporting segments, along with traditional television (broadcast and cable) and film.

EARNINGS CALL

Gray TV Gives First Estimate Of 2022 Political

Kevin Latek: “The combined Gray, Quincy, Meredith portfolio, less divested stations, recorded $652 million in total net political revenue in 2020. We anticipate that next year’s revenues will roughly reach 80% of last year’s total in a presidential election year. We are therefore today guiding to total net political revenue for 2022 of approximately $525 million.”

EARNINGS CALL

Tegna Weighs Bids As It Reports Record Results

Execs keep mum on acquisition offers while waxing optimistic about the company’s revenue potential going forward.

QUARTERLY REPORT

ViacomCBS Reports Streaming Growth In 3Q But Subdued Overall Results

ViacomCBS cracked the $1 billion mark in streaming revenue in the third quarter, but overall results were more mixed, with total revenue rising 13% to $6.6 billion and earnings per share declining to 69 cents. Advertising inched up 1%. Cable network ad revenue gained 6%. Free, ad-supported streaming outlet Pluto TV continued to be a mainstay, with revenue up 99% and monthly active users rising to 54 million, paced by global expansion.

QUARTERLY REPORT

Tegna Reports 2% 3Q Revenue Gain

The increase to $756 million is driven by record third quarter subscription revenue and advertising and marketing services revenue.

QUARTERLY REPORT

Dish Loses 13,000 Subs But 3Q Profit Grows To $557 Million

The company finished the quarter with 10.98 million pay TV subscribers, down from 10.99 million at the end of the second quarter.  It had 8.42 million Dish TV subs, down from 8.55 million, but it grew its streaming Sling TV subscribers to 2.56 million, up  from 2.44 million.

QUARTERLY REPORT

Gray 3Q Broadcast Revenue Flat

However, total core ad revenue (which excludes political) climbed 23% to $292 million, increasing by $55 million, from 3Q 2020. Also, retrans money climbed 49% to $266 million.