Business

The station group’s GM of its Cleveland tripoly will now oversee several stations in Midwest markets.

Diamond Sports, the owner of the 19 Bally Sports regional sports networks, next week could forego its broadcast rights to the San Diego Padres by failing to deliver its regular rights payment to the team. A Texas bankruptcy court judge has set a May 31 hearing to rule on Diamond’s motion to reduce its payments to the teams.

The game of musical chairs continues at Paramount. On Tuesday, the company’s fast-rising TV boss Chris McCarthy and its chief research officer, Colleen Fahey Rush, announced via internal memo that Kim Lemon, Showtime’s EVP of data strategy, research, scheduling and programming, would be exiting. In what it likely no surprise to those within, Lemon is being replaced by a longtime Viacom-turned-Paramount executive, Laurel Weir.

The purchase of WADL Detroit by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Wall Street slid Tuesday as debt worries worsened. The S&P 500 fell 1.1%, the Dow Jones Industrial Average dropped 0.7%, while the Nasdaq composite lost 1.3%.

He brings three decades sales experience to the Hearst ABC affiliate in Mississippi’s capital city.

Josh McIvor has been promoted to global general manager of MGM+, the Amazon-owned streamer that relaunched in January after previously being known as Epix. As global general manager, he will report to Chris Brearton, vice president of Prime Video Studios corporate strategy.

The streamer intros an “extra member” option priced at $7.99/month for adding access to people outside the account holder’s household.

The Spanish-language media company says the acquisition will strengthen Entravision’s service offerings in Europe and the Middle East, while adding a team of e-commerce, entertainment and gaming industry specialists.

Television station operator Tegna Inc. said on Monday it has terminated its merger agreement with hedge fund Standard General after several regulatory hurdles. Tegna last year agreed to be taken private by Standard General in a deal valued at $8.6 billion, including debt. At the time, the acquisition was expected to close in the second half of 2022. However, the deal attracted criticism from some members of Congress on concerns of potentially higher TV prices for consumers and job losses. Then, in February, the FCC decided to hold a hearing on the hedge fund’s bid in a step that has historically led deals to collapse.

Stocks were mixed Monday as Wall Street waits to hear on Washington efforts to avoid defaulting on debt.

Earnings from traditional TV have fallen sharply after helping to offset Disney+ losses in recent years.

The company’s high-volume approach to digital publishing has led to duplicated stories and alienated some of its journalists. At least one editor has already resigned.

Mike Cavanagh, a veteran of the financial crisis, has just been given a leading part in the unending drama of Hollywood.

The veteran station group journalist and executive is tapped to succeed Bob Smith. Executive Chairman Hilton Howell said: “She is the natural choice to lead Gray’s unique portfolio of leading television stations.”

Telly, which said it plans to provide 500,000 of its dual-screen TV sets to people for free, said that more than 100,000 signed up on its website in the first 36 hours. The company plans to give away the devices — worth $1,000 each, according to Telly — in order to make money by selling  data about viewers and selling advanced targeted advertising. Pictured: Telly’s dual-screen set with an ad from Kia.

DeSantis ‘ attorney filed a motion in federal court in Tallahassee on Friday seeking to disqualify Chief U.S. District Judge Mark Walker from overseeing the lawsuit filed by Disney last month. The lawsuit alleges that DeSantis and his appointees violated the company’s right to free speech, as well as the contracts clause, by taking over the special governing district that previously had been controlled by Disney supporters after Disney opposed Florida legislation that critics have dubbed “Don’t Say Gay.”

TV stations now connect with audiences on many different platforms, and changing technology offers an opportunity to expand on a key strategy, weather alerting, making it the catalyst for a broader approach that includes lifestyle forecasts, stock moves, school closings and more. Join TVNewsCheck and The Weather Company for an in-depth conversation about the changing world of alerting during a June 8 webinar. Register here.

David Zaslav was met with boos and jeers while delivering a commencement address Sunday at Boston University amid the Hollywood writers’ strike. In videos circulating on social media, graduating students and protesters can be heard chanting, “pay your writers,” and heckling the president of Warner Bros. Discovery as he speaks about lessons he learned throughout his career. A photo of an airplane flying over the ceremony with a banner that read, “David Zaslav — Pay your writers,” was also circulating online.

At least two organizations in America’s most prominent league for professional video game players are selling their teams, underscoring the industry’s uncertain future.

For decades, the week in May when television executives revealed what new shows were coming and which old ones were going spoke to the power and influence that ABC, CBS, NBC and Fox had over popular culture. This past week offered more evidence of how that is diminishing, draped in confusion about the future wrought by the Hollywood writers strike.

Wall Street’s best week since March stalled Friday amid debt worries. Despite its weak Friday, the S&P 500 still managed to break out of a long, listless stretch where it failed to move by 1%, up or down, for six straight weeks. It gained 1.6%, with much of the strength earlier in the week coming on rising hopes that Washington can avoid a debt default.

The Imagicomm Fox affiliate promotes her from local sales manager to oversee the local, national and digital sales teams.