Telemundo Aims To Build On Ratings Momentum At Upfront
The Spanish-language broadcaster unveils a lineup that includes a sequel to El Senor de los Cielos and two new unscripted series alongside …
Sook Sees Growth — But Not Streaming — In His Nexstar Crystal Ball
The Nexstar CEO tells analysts: “If I had to bet, I would bet the company will be larger three years from now than it is today. What …
Allen Media Renews, Expands Carriage Deal With Hawaiian Telcom
The multiyear agreement also includes launch of two additional cable networks and continued carriage of AMG’s KITV and KIKU Honolulu.
Warner Bros. Discover’s Q1 Advertising Dips, But Streaming Is Profitable
Overall, revenue of $9.958 billion was down from the year before and shy of Wall Street expectations, of over $10 billion. Ditto with net …
Nexstar’s Q1 Net Revenue Rises 2.1%
The total of $1.284 billion was attributed to increased distribution revenue and higher political revenue of $39 million.
Sony And Apollo’s Plan For Paramount: Break It Up
CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie …
Political And Distribution Money Push Sinclair
In discussing Q1 performance, Lucy Rutishauser, Sinclair’s CFO, reported that “as compared to last year, consolidated media revenues …
Dow Rises 172, Nasdaq Slips 30, S&P Finishes Flat
Wall Street’s lull stretched to a second day as indexes finish mixed Wednesday.
Gray Announces Quarterly Cash Dividend Of $0.08 Per Share
Gray Television announced Wednesday that its board of directors has authorized a quarterly cash dividend of $0.08 per share of its common …
Sinclair 1Q Revenue Rises 3%
The increase to $798 million was driven by the Local Media segment, which grew to $792 million from $766 million in the same quarter a year …
Warner Bros. Discovery Plans Fresh Cost Cuts, Hike In Max Price
Warner Bros. Discovery CEO David Zaslav has ordered his lieutenants to find additional opportunities for cost-cutting in order to hit …
Political, Sports And Premion Have Tegna Fired Up
Dave Lougee, president-CEO, said Tegna stations cover six of the seven swing states that are likely to impact the presidential race. In …
EchoStar Loses 213,000 Dish & 135,000 Sling TV Subscribers In First Quarter
EchoStar lost about 348,000 net pay TV subscribers in the first quarter, compared with a drop of 552,000 in the year-ago period, the company …
Meta To Provide Advertisers With Automated Image, Text Variations For Ads
As artificial intelligence becomes increasingly integrated into advertising, Meta is introducing new ways marketers can use generative AI …
Nexstar Pitches Sports On The CW, Extra Reach Via Stations
If upfront advertisers are looking for reach, Nexstar Media Group believes its base of local stations gives it a unique way to achieve that …
Murdoch Bullish On Sports JV, Tubi, Political Spend
Talking with analysts, the Fox CEO described the still-unnamed joint venture with Disney and Warner Bros. Discovery that’s now in beta as …
Fox Swings To Quarterly Profit Despite Slump In Ad Revenue
Fox Corp. said it swung to a profit in its fiscal third quarter despite slumps in advertising revenue, largely due to the absence of charges …
Tegna Q1 Revenue Dips 4%
The decrease to $714 million is attributed to lower subscription revenue and advertising and marketing services revenue.
WOW! Weighs Takeover Offer From Private Equity
Englewood, Colo.-based cable operator WideOpenWest (WOW!) canceled the Q&A portion of its first-quarter earnings report Tuesday, as a …
Global Optimized Ad-Fraud Rates Decline, But AI Presents Challenges
Worldwide fraud rates for optimized ad campaign meant to protect brands fell to all-time lows in the second half of 2023, but those …
NBCUniversal Will Pitch Combination Of Content, Tech In Upfront
Advertisers are looking to reach the right audiences and tell their stories inside compelling content, Karen Kovacs, president of client …
Comscore Posts $5.2 Million Loss In 1st Quarter
Measurement company Comscore’s net loss was $5.2 million, or $1.08 a share in the quarter, compared to a loss of $12.5 million, or $2.66 a …
Station Trading Roundup: 1 Deal, $200,000
The purchase of WZPK-LD Monticello, N.Y., by Hudson TV tops the latest list of TV station transactions submitted to the FCC for its …
Greg Retsinas Upped To GM Of KGW Portland
Tegna promotes the news director to oversee operations at its NBC affiliate in Oregon and southwest Washington.
Dow Adds 32, Nasdaq Slips 17, S&P Edges Up 7
Wall Street drifted to a mixed finish in a quiet day of trading on Tuesday.
Positive 2024 Predictions From Gray
Growing digital ad biz, political revenue, local ads and FAST revenue touted to analysts.
TikTok Sues U.S. Government Over Law Forcing Sale Or Ban
The social media company and its Chinese parent, ByteDance, sued to challenge the new law, saying it violated users’ First Amendment rights.
Inside eBay’s Next Generative AI Ad Marketplace
eBay Ads leads the company’s organization that runs the machine learning (ML) and the AI recommender systems, a data-filtering tool that …
TV Faces Tumult In Upfronts, With Advertisers Making New Push For ‘Rollbacks’
Audiences may not be the only thing about TV that continues to shrink. Advertisers are expected to once again press for “rollbacks,” or …
The Hollywood CEO Mega Pay Chart: Top Executives’ Compensation Revealed
Many bosses of entertainment giants saw their pay packages increase during a tumultuous 2023 that included dual strikes, a production …
Syncbak Rebrands As Zeam Media After Streaming Platform Rollout
Syncbak, which provides stations with streaming capabilities, said it is rebranding as Zeam Media. The new name is designed to move Zeam …
Disney Bullish On Quarterly Direction
In its fiscal second quarter, Disney+ core subscribers were up more than 6 million subs, and its average revenue per user increased …
Meredith Delaney Named Scripps Howard Fund President-CEO
She currently is director of philanthropic strategies for the Scripps Howard Fund, a public charity that supports philanthropic and …
The Collapse Of The News Industry Is Taking Its Soul Down With It
Wounded and limping, doubting its own future, American journalism seems to be losing a quality that carried it through a century and a half …
Disney Posts Better-Than-Expected Quarterly Results, Nears Streaming Profitability Goal
Revenue for the quarter ended March 30 increased to $22.1 billion from $21.8 billion in the year-earlier period. Excluding items, …
Gray Television Q1 Revenue Rises 3%
The increase to $823 million was pegged to higher core advertising as well as higher driven by the 2024 Super Bowl.
Meta Seeks Do-Over In Battle With Advertisers Over Inflated Metrics
Meta Platforms is urging a federal appellate court to reconsider a recent 2-1 decision allowing Facebook and Instagram advertisers to …
Dow Climbs 177, Nasdaq Jumps 193, S&P Rises 53
Wall Street rose Monday to add to last week’s gains. Tech stocks were at the forefront, with familiar ringleaders Nvidia and Super Micro …
Hearst Television Elevates Nick Radziul To Executive Vice President
Radziul adds oversight of a portion of the company’s portfolio of stations, joining Executive Vice Presidents Ashley Gold and Eric …
Kirsten Donaldson Joins NAB As VP Of Public Policy
Reporting to Shawn Donilon, she will provide strategic public policy counsel to assist NAB in developing policy positions and formulating …
Survey: Amazon’s Push Into Ad-Supported Streaming Is Working
85% of Amazon’s Prime Video subs are now in the ad-supported tier, more than any other streaming service, according to Hub’s quarterly TV …