NAB Show: NewsNet To Invest $50M In New Studios, 24/7 News Content Solutions

NewsNet, the 24/7 news channel with a focus on the headlines, announced plans to invest heavily to provide solutions “that better meet the financial needs of broadcasters and carriers.”

NewsNet is exhibiting for the first time at the 2022 NAB Show (April 23-27 in Las Vegas) in Booth C2228.

NewsNet was recently purchased by Manoj Bhargava, founder of 5-hour Energy and the largest shareholder of Gray Television. For NewsNet, Bhargava has set aside an additional $50 million investment for content creation and production. Founder Eric Wotila remains as president and part owner.

In addition to showcasing its 24/7 news product, NewsNet will reveal its latest turnkey Weather Report solutions for broadcasters during NAB, something it calls “an innovative and cost-effective solution to stations’ local weather needs.”

NewsNet is available to both over-the-air (OTA) broadcasters and multichannel video programming distributors (MVPDs), and now offers a range of economic solutions including a barter solution.

The Weather Report product provides OTA stations with turnkey localized forecasts presented by the network’s weather team, delivered ready-to-air within stations’ newscasts, lowering an OTA station’s weather costs.

Custom Newsroom Solutions — localized newscast solutions for stations that need a cost effective and quality local newscast for any size market.

“Having NewsNet in your OTA or over-the-top channel lineup helps attract and keep viewers, and can lower your costs and improve your bottom line,” Wotila said.

NewsNet recently began construction of additional studios in Farmington Hills, Mich., with plans to significantly expand its news team.

NewsNet can be found OTA in nearly 60 markets nationwide and online via fuboTV, Roku, Amazon Fire, Apple TV and mobile apps.