The longtime TNT broadcaster and Hall of Famer made the announcement after Game 4 of the NBA Finals on Friday, revealing that he planned to retire after the 2024-25 NBA season.
CLOSING BELL
Dow Dips 58, Nasdaq Falls 21, S&P Slips 2
Wall Street hung around its records Friday after European stocks slumped.
The Hollywood Reporter implemented layoffs on Thursday, affecting a small number of editorial staffers, including longtime TV editor Lesley Goldberg, who has been with the outlet since 2003.
BRAND CONNECTIONS
The Sinclair Broadcast Group, along with the Pearl TV consortium, hosted yet another ATSC 3.0 device interoperability test at the ONE Media lab at SBG headquarters in the Baltimore suburb of Cockeysville, Md.
Alphabet's Google must face trial on U.S. antitrust enforcers' claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday.
Exclusives
A Texas bankruptcy court judge has approved the liquidation of conspiracy theorist Alex Jones’ personal assets, setting the stage for repayment to the families of Sandy Hook shooting victims to whom he owes more than $1 billion in damages he caused by lying about the 2012 school massacre.
Days after WPP's GroupM unit released estimates that more than two-thirds of advertising buys are now "AI-enabled," a Wall Street equities researcher following the sector has updated calculations for AI-related ad spending to include Google's "AI Overview" search ads, which leverage Google's Gemini chatbot technology to enhance search queries and results.
Cubs President of Business Operations Crane Kenney admits that prospects look a little bleak for the regional sports network jointly operated by the MLB club and Sinclair Broadcast Group.
The International Olympic Committee said Friday it will ask members to approve a proposal to create a video game Olympics when they meet next month in Paris on the eve of the Summer Games. (Aurelien Morissard/AP)
Tom Jones: Lauren Windsor calls herself a journalist. But she didn’t act like one when she deceived Alito to get him to talk. Pictured: Supreme Court Justice Samuel Alito Jr. and his wife Martha-Ann Alito in February 2018. (Pablo Martinez Monsivais/AP)
Dr. Sung-Ik Park of Korea’s Electronics and Telecommunications Research Institute (ETRI) is honored with the organization’s Mark Richer Industry Leadership Medal, while Ali Dernaika of Hewlett Packard Enterprise is presented with the Bernard J. Lechner Outstanding Contributor Award.
New consumer survey data from Magid supports the entertainment industry’s faith in bundles, particularly newer cross-company efforts like a forthcoming Disney+-Hulu-Max package. The research firm found that predictive rates of churn was 16% lower due to the increased availability of bundle plans and boosted customer intent to keep a subscription longer than six months by 15%.
When Shari Redstone made a surprise move to pull the plug on the deal this week — just before a Paramount special committee was poised to vote on it — she was looking down the barrel of a $100 million-plus lawsuit from Gabelli over the deal, according to sources close to the situation.
An indictment of The Wall Street Journal reporter has been finalized and his case was filed to the Sverdlovsky Regional Court in the city about 1,400 kilometers (870 miles) east of Moscow, according to Russia’s Prosecutor General’s office. There was no word on when the trial would begin. Pictured: Gershkovich stands in a glass cage in a courtroom in Moscow in April. (Alexander Zemlianichenko/AP)
The implosion of the Skydance deal leaves the media giant alone in a turbulent landscape with an unpredictable controlling shareholder.
Netflix embraces product placement and cuts ad rates significantly as Prime Video helps drive prices down.
House Oversight Committee Chair James Comer (R-Ky.) announced Thursday he is launching a probe into a news-rating system that seeks to guard against misinformation by scoring news and information sites based on their reliability, trustworthiness and financial conflict of interest.
Two former managers at WOOD Grand Rapids, Mich., have sued the station’s parent, Nexstar, for defamation nearly a year after they were fired in the aftermath of a publicly leaked memo about the station’s Pride Month coverage.
Anderson Cooper’s long-time executive producer is now in charge of the weeknight lineup from 7 p.m. to midnight ET.
COMMENTARY
This Is No Way To Save The News
Jeff Jarvis: Supporting news should mean not supporting the hedge funds that are killing newspapers and news. Newspaper lobbyists look out only for themselves.
The nation’s big media companies are facing significant headwinds in the industry’s current upfront market, when TV networks try to sell the bulk of their commercial inventory for their next cycle of programming. Advertisers are pulling back on the amount of money they wish to commit to TV overall.
After two arbitration decisions that favored the International Cinematographers Guild, major entertainment companies "will cover drone camera crews under the Local 600 Agreement," according to the IATSE Local.
The Netflix drama tops the Season 2 premiere by a healthy margin.
OPENING BELLS
Stock Market Today: Global Shares Are Mixed And Yen Weakens As Japan’s Central Bank Stands Pat
Global shares were mixed on Friday after Wall Street touched fresh records, with benchmarks pushed higher by the frenzy over artificial-intelligence technology.
AI & THE MEDIA
Senate Bill Would Ban FCC From AI Rulemaking
Sen. Mike Lee (R-Utah) is circulating a bill that would prohibit the FCC from making new rules around disclosing AI-generated content in political advertisements.
A financial forecast, a conversation with media buying agency leaders and sessions about how local media will harness streaming, AI and NextGen TV to boost their businesses will headline a TVNewsCheck conference set to take place on Oct. 9 at NAB Show New York. To earn a discount on registration, please “get on the list” to be notified when registration opens on July 23.
Leaders from Televisa Univision, WCVB, KPIX and Ross will discuss the upshots of adopting virtual sets and AR into their news production and the challenges they’ve navigated along the way in a TVNewsCheck Working Lunch Webinar on June 27 at 1 p.m. ET. Register here.
Technology leaders from NBC Regional Sports Networks, Sinclair, Gray Television, Hearst Television, Fox Television Stations and Vizrt discuss the benefits and challenges of remote production in an IP environment in a TVNewsCheck Working Lunch webinar on July 16 at 1 p.m. ET. Register here.
