Spotify

Spotify hits 10 million global subscribers

Spotify announced that it now has 10 million paying subscribers and more than 40 million active users in

Report: Pandora, Sirius XM play different tunes

A Seeking Alpha Wall Street Playbook's tech sector analyst did a bit of a compare-and-contrast

Wells Fargo meets with Nexstar

Marci Ryvicker, Wells Fargo Securities Senior Analyst, writes that after hosting investor meetings with Nexstar’s management this week, they came away “incrementally positive on the story.” They spent some time on the road this week (5/19 and 5/20--NYC & Boston) with CEO Perry Sook and CFO Tom Carter, and “we liked what we heard on M&A and the regulatory environment, net retrans, core ad growth, and digital. Bottom line, we like the story, esp. at a 15% blended FCF yield and reiterate our Outperform.
Cablevision

CSC Holdings announces pricing of $750M in senior notes

CSC Holdings LLC, a subsidiary of Cablevision Systems Corp., has priced an offering of $750 million in aggregate principal amount of 5.25% senior notes due 2024. The offering is expected to close 5/23. CSC intends to use the net proceeds of this offering and cash on hand to repay a portion of its existing credit facility.

Stocks fall; Dow in triple-digit loss

Stocks ended Tuesday with losses as disappointing earnings. Selling intensified in the afternoon after comments from Philadelphia Fed president Charles Plosser, who said that...
Fitch Ratings

Fitch rates Time Warner’s proposed notes issuance ‘BBB+’

Fitch Ratings has assigned a 'BBB+' rating to Time Warner’s proposed issuance of five- 10- and 30-year notes and debentures. The proceeds are expected to be used for general corporate purposes, including share repurchases. Fitch has a 'BBB+' Issuer Default Rating (IDR) for Time Warner. The rating outlook is Stable.
People watching TV

Viewers’ TV time affects how advertisers dish dollars

As the network television Upfronts come to a close, the battle for advertising budgets will begin. And with many networks premiering new shows and potential hits, there’s no doubt that advertisers will look to gain every advantage when trying to optimize their advertising dollars, says a Nielsen post.

House hits FCC on net neutrality; Interesting retrans comment from Wheeler

Guggenheim Partners DC policy analyst Paul Gallant says
William O'Shaughnessy

Taking care of our own

Dick Foreman, our dedicated and dynamic Vice Chairman, recently dispatched a powerful, timely and rather pointed note (it didn't pull any punches!) to a fellow broadcaster who had turned a deaf ear to our recent pleadings and importunings on behalf of the Broadcasters Foundation of America. Foreman's good letter got me to thinking about how to reach those who haven't yet gotten the message ...

AMC to premiere “Halt and Catch Fire” on Tumblr

AMC says it is using the social media site Tumblr to premiere its new series about the early days of personal computing. "Halt and Catch Fire," began as a sneak preview 5/19 on Tumblr. It will air the first time on AMC on 6/1. The series is set in the early 1980s and

Comm. and Technology Subcommittee convenes FCC oversight hearing

House Republicans told FCC Chairman Tom Wheeler that
AT&T

AT&T-DirecTV buy kick-starts multiscreen video battle

In Yankee Group’s newest report, “AT&T DirecTV Buy Kick-Starts Multiscreen Video Battle,”

‘Bones,’ ‘Mike & Molly’ dip; ‘The Voice’ rises

NBC was number one Monday among adults 18-49 while ABC won with total viewers. On NBC, The Voice finale earned a 3.1, up a...

790 The Zone drops local, goes all-ESPN

Lincoln Financial Media’s WQXI-AM Atlanta, Sports “790 The Zone,” has dropped all of its daily local

Wal-Mart fighting back for online sales

Amazon is still the king of selling everything you could possibly want over the internet, but Wal-Mart, known for its gargantuan stores in real life, could be closing the gap: “In 2013, Wal-Mart’s online sales grew faster than Amazon’s for the first time,