Business

Disney’s announcement this week that it will launch two Internet-based streaming-TV services — one for sports and one for family fare — is a declaration of independence from cable and satellite companies that would have subscribers pay for hundreds of channels they may never watch.

The social media company reported worse-than-expected quarterly results on Thursday, with a loss that was steeper than expected and revenue that missed estimates, as it added fewer users than Wall Street anticipated. Snap added 7 million daily users during the second quarter — a slower rate than the 8 million added in the first quarter. Its shares fell more than 17% to around $11.40 in after-hours trading, below the all-time intraday low of $11.91 set during regular trading on Aug. 3.

When you consider that NBC, ESPN and others take advantage of regional sports nets and affiliated channels as a means of providing regional coverage for esports events, it begs the question “How can local TV stations participate?” That idea may have seemed far-fetched at a time when stations needed to program for broader audiences. However, the digital world has created the same possibilities for local broadcasters.

CBRE Group recently began marketing 1771 N St. NW in Washington to prospective buyers on behalf of the NAB, which plans to move to a new headquarters being developed for it by Monument Realty and Angelo, Gordon & Co. in the Capitol Riverfront area.

The local TV veteran will oversee Raycom’s NBC affiliate in Memphis.

It’s time again for classic cars and chrome. Scripps-owned ABC affiliate WXYZ Detroit (DMA 13) will broadcast exclusive coverage of the Woodward Dream Cruise presented by Ford, on Saturday, Aug. […]

Sony has announced that it has signed on seven more CBS affiliate stations for its virtual MVPD service, PlayStation Vue. With the deals, Vue users in Houston, New Orleans, Washington and San Antonio now have live streaming access to their local CBS stations. Other regions gaining CBS local access: Greensboro, N.C., as well as Tampa and Orlando, Fla.

Fox-owned WTVT Tampa Bay, Fla. (DMA 11) is adding Julian Johnson as a general assignment reporter on various newscasts, effective Sept. 11. Most recently, Johnson has been a general assignment […]

Graham Media promotes her from business manager at its KSAT San Antonio to oversee its NBC affiliate in Roanoke, Va.

Former Mashable executive Adam Ostrow will oversee Tegna’s digital vision and strategy.

If your competitor has the most experienced meteorologists in town, and has marketed that position successfully, you can’t own it. So maybe your best option is to find another position that you can own, one that is unspoken, subtle and not so serious. Here are seven successful weather promotion strategies you can file for a rainy day.

Young people are happy to shell out for online TV: Nearly 80% of Millennials said they watch or have access to streaming services, according to eMarketer, a digital research firm. But if other media companies follow the lead of Disney (and HBO and CBS), we could be up to our eyeballs in streaming subscriptions. That could get really expensive really fast.

Tribune stations have found success in using Facebook’s Instant Articles publishing tool. Facebook says the station group’s strategy to post stories as Instant Articles, fast-loading stories that show up in viewers’ Facebook feeds, has boosted engagement.

Google plans to change the options it gives advertisers for excluding site categories for the Display Network in AdWords. Several site categories are being eliminated, while a few are being added. Others are rolling up into a more concise name. To streamline the AdWords interface and improve serving, Google says it is merging some site category options and removing others.

“I want the humans to be able to hold their own against the strength of the machines.” That was perhaps the most ominous line spoken from the stage at the summer Television Critics Association press tour, and it came not from an actor or showrunner but FX Networks chief John Landgraf. He wasn’t describing the plot of a new scripted drama. He turned to the classic science fiction trope as a metaphor for the situation that he and other cable programming executives now find themselves in as Netflix, Amazon, Facebook, and Apple engage in a “titanic struggle” — Landgraf’s words — for domination in the video entertainment marketplace.

Investors’ unease over escalating tensions between the U.S. and North Korea had weighed on stocks earlier in the day Wednewday, pushing gold and bond prices slightly higher. But by the end of the day, traders appeared to take the geopolitical drama in stride.

Higher retrans money wasn’t enough to offset lower national and local ad dollars.

Raycom-owned Fox affiliate WXIX Cincinnati (DMA 36) today announced premiere dates for Cincinnati Connection, a new, weekly, community affairs program on the station and its Bounce digital subchannel. Cincinnati Connection, […]

Walt Disney Co’s shares fell 5% on Wednesday to their lowest in eight months as investors doubted whether the world’s biggest entertainment company can succeed with its plan to launch its own streaming services rather than rely on Netflix Inc to reach online viewers.