Friday, May 15, 2026

Reed Hastings Steps Down as Netflix CEO, And Shares Rise

What will come in 2023 for the OTT giant will now be under the day-to-day purview of co-CEOs Ted Sarandos and Greg Peters. That's because Reed Hastings is going by the titles of founder and Executive Chairman. And, that seems to be positive news for investors, as Netflix was up sharply in immediate after-hours trading on Thursday.

TVB Teams Up For Action Plan for Local TV Measurement

The initiative, which sees the television advertising advocacy group team up with the 4A's and CIMM, will involve "an extensive program of research, consultation, and engagement with the industry, helping to identify and evaluate the options for buyers and sellers."

Nexstar LIVes It Up With Golf Deal for The CW

The CW Network, owned by Nexstar, and LIV Golf have agreed to the golf league's first-ever U.S. broadcast television and streaming agreement. It's a multi-year agreement, beginning with the 2023 LIV Golf League season. The CW Network will air 14 global LIV Golf League live events in 2023 and will stream the events live on The CW App.

SoundExchange To Audit EMF, CMG, Bonneville

The Copyright Royalty Judges on Wednesday announced the receipt of a notice of intent to audit the 2019, 2020 and 2021 statements of account submitted by the second-largest licensee of FM radio stations in the U.S. Concurrently, the judges confirmed that SoundExchange wants to audit statements of account for those three years for Cox Media Group and Bonneville, and for a major Canadian audio media company with a U.S. presence via MVPDs.
Stephen Gregory Barr

CBS Stations Select A SVP Of NTR

In 2021, he became VP/Business Development of Univision Communications. As of today, he's the new SVP of Non-Traditional Revenue for CBS Stations, reporting to President of Sales Julio Marenghi. 
Nexstar Logo

Nexstar Unveils A New Ad Sales Structure And Leadership Team

The nation's largest broadcast TV station ownership group and parent of both NewsNation and the CW Network has unveiled a new advertising sales structure and leadership organization. Nexstar says it is designed to drive ad sales across its media offerings "by further emphasizing its client-first approach, combined with a new data-driven, multi-platform focus."
The FCC Seal

TV Station Ownership Diversity, as the FCC Sees It

It's officially "OEA Working Paper 54," but for the media industry, it is the Kim Makuch-authored "Television Station Ownership Diversity" report produced for the FCC. It offers the conclusions of a Commission study that examines the ownership of commercial full-power television stations. What was the big conclusion?
Bruce Supovitz

A Now-Former Nielsen Audio Exec Speaks

RBR+TVBR on Thursday independently confirmed the departure of three longtime audio division leaders at Nielsen. A few days later, the individual who had served as SVP/Sales Manager for National Audio Services since August 2016 took to LinkedIn to comment on his departure.
Soo Kim, who runs Standard General

Soo Kim Responds to Warren Concerns For TEGNA Deal

A high-profile U.S. Senator on Thursday, in a letter sent directly to the Chairwoman of the FCC, expressed her "serious concerns" over TEGNA’s pending acquisition by Standard General. Now, Soohyung Kim, who heads Standard General, has directly responded to Elizabeth Warren.

WISH Granted: DuJuan McCoy Unveils a ‘Groundbreaking’ New Set

Studio renovations at the CW Network affiliate serving Indianapolis owned by DuJuan McCoy-led Circle City Broadcasting are now complete. As such, the Indiana broadcaster believes WISH-8 now has "the most technologically advanced news set in the Indianapolis market."
Tegna

Sen. Warren Has ‘Serious Concerns’ Over TEGNA Deal

Shares of broadcast television station owner TEGNA were down 3.7% in the final 45 minutes of trading on Thursday, as investors reacted negatively to a letter sent by Massachusetts Democratic Senator Elizabeth Warren to the Chairwoman of the FCC expressing her deep reservations over TEGNA's pending acquisition by Standard General.

The InFOCUS Podcast: Francisco Montero

What do the renomination of Gigi Sohn for the fifth FCC Commissioner's seat and the changes on the powerful House Energy & Commerce committee mean for broadcast media executives eager for positive policy moves and beneficial legislation from Congress? This InFOCUS Podcast, presented by dot.FM, explores the topic. LISTEN HERE

Trio Of Veteran Nielsen Audio Leaders Part of ‘RIF’

RBR+TVBR has confirmed that three longtime audio division leaders at Nielsen are among the hundreds of individuals who are no longer at the audience measurement and consumer data analytics company that completed its privatization effort in October 2022.

MLB Lures A Key Bally Sports Leader For Big ‘Local’ Role

The COO/CFO for Sinclair's 21 "Bally Sports" RSNs has been hired for a key role with Major League Baseball — a move that could open the doors to more MLB games on free-to-air television.
Mark G. Parker

Swoosh! NIKE Head To Become Disney Board Chairman

He's the Executive Chairman of NIKE Inc. and has served as its President/CEO since 2006, adding Chairman responsibilities in 2016. He's also been a Director of The Walt Disney Company since January 2016. On Wednesday, he was elected Chairman of the Board at Disney.