Byron Allen Files New Lawsuit Against McDonald’s
AMG's Entertainment Studios Networks and Weather Group on Thursday moved forward with the filing of a new lawsuit against McDonald's USA. However, this legal matter isn't about discrimination. Rather, it is about what Allen believes is fraud. McDonald's responded by slamming Allen for "baseless lawsuits as part of a public smear campaign against our company to try to line his pockets."
Veteran N.Y. TV News Anchor John Roland Dies
For nearly three decades, he attracted audiences to "The 10 O'Clock News" at WNYW-5 in New York, the Fox Television Stations-owned East Coast flagship station that was once a key Metromedia property with the WNEW-TV calls. Now, New Yorkers are paying tribute to John Roland, who died Sunday at the age of 81.
DISH Shares Rise Despite Q1 EPS Miss
It was a downbeat first quarter for DISH Network, as its revenue fell to $3.96 billion during the period. That lagged lagged the Zacks Consensus Estimate by 2.39%, while DISH's earnings per share missed the Zacks estimate by 2.39% as they decreased 48.5% year over year. Nevertheless, DISH shares were up on Monday.
FUBO Shares Rebound Sharply On Strong Q1 Report
FUBO's streaming business exceeded guidance, posting double digit year-over-year growth in total revenue and paid subscribers. This led the company led by CEO David Gandler and CFO John Janedis (pictured), to raise full-year guidance for both metrics in North America.
A Key Investment House Expresses Paramount Concerns
Given the rather dour first quarter earnings report released yesterday by the CBS News & Stations parent, MoffettNathanson, the respected Wall Street financial house with its eye on media and entertainment, now forecasts Paramount Global will exit 2023 with a net leverage ratio of 5.7x. That's just one big concern expressed.
What Will The WGA Strike Mean For Broadcast TV’s Finances?
A new report from Moody’s Investors Service predicts the Writers Guild Strike could last three months or more, with the stakes being larger than the 2007 strike. If it lasts longer, weakly positioned media companies with limited financial flexibility could see their credit suffer.
Entravision Enjoys Strong Q1 Growth Thanks To Digital Prowess
“Continued growth in the first quarter of 2023," with revenue up 21% year-over-year, is the biggest highlight of Entravision Communications' just-released earnings report, with interim CEO and full-time CFO Chris Young noting, unsurprisingly, “Growth for the quarter was led by our digital segment, which is impressive given difficult macro conditions and decreased political advertising revenue from last year."
A FOX Local Streaming App Arrives
As of today, a free app available across key video-on-demand platforms offering news, weather and station-created programming from FOX Television Stations properties in Detroit, Atlanta and Washington, D.C., is now up and running for users. And, other markets are on the way.
How Did Graham Media Perform In Q1?
It owns seven television stations located in Houston, Detroit, Orlando, San Antonio, Jacksonville and Roanoke, as well as SocialNewsDesk, a provider of social media management tools designed to connect newsrooms with their users. How did Graham Media Group perform in the first three months of 2023, from a fiscal standpoint?
Roku Unveils New Original Programming To Lure TV Viewers
It may be widely recognized as the maker of the gadget consumers use to access streaming video platforms. Now, Roku is going big with new original programming in a fight for eyeballs with FAST channels, AVOD, SVOD and good ol' broadcast TV.
S&P: Retrans Growth, As MVPD Subscribers Say Goodbye
S&P Global Ratings believes retrans revenue will increase over the next two years. Yet, that rate of growth is nearly eclipsed by the percentage decline of pay-TV subscribers it forecasts.
S&P: Ratings Outlook For Local TV Industry Is Stable
S&P Global Ratings has published a Credit FAQ that addresses investor questions about its expectations for retransmission revenue growth and its outlook for U.S. local TV broadcasters. What's the conclusion from S&P?
‘New Ad Innovations’ Dominate Peacock NewFront Presentation
With a Writers Guild of America strike already impacting late-night television programs and Upfront Week just 13 days away, NBCUniversal put a shrug to the ongoing labor dispute between the labor union and the Alliance of Motion Picture and Television Producers by putting its focus on "new ad innovations" and "scaled premium content" available on its OTT platform at a 2023 IAB NewFront presentation held on Tuesday.
A Top ‘1010 WINS’ News Voice Joins NewsNation
He's been a morning news anchor at Audacy Corp.-owned "1010 WINS," now on FM at 92.3 MHz across the New York Tri-State Region, since 1995. He's earned a coveted Edward R. Murrow Award recipient. Soon, he'll be taking on the role of Director of Integrated Operations at the cable news network owned by the No. 1 owner of broadcast television stations in the U.S.
Dominion Settlement Doesn’t Hurt Fox Corp. Credit Quality
To avoid litigation, Fox Corp. in April settled its defamation lawsuit with Dominion Voting Systems Corp.. The settlement removes the prospect of a trial that could have resulted in significant monetary damages and increased operating uncertainty at Fox News. And, S&P says, the settlement leaves Fox Corp.'s credit quality intact.














