Disney Today and Tomorrow: Where Does It Land?
On May 4, 2020, MoffettNathanson, the respected Wall Street financial advisory, downgraded The Walt Disney Co. As the rest of the year played out, the downgraded "was proven so painfully wrong." Fast-forward to today: Disney shares are right back to where they were trading when the downgrade was made. What does MoffettNathanson have to say now about Disney?
Sinclair Appoints Its First Chief Innovation Officer
In a move the company says will build on its "rich history of innovation," Sinclair Broadcast Group has created its first dedicated cross functional research and development group. This, Sinclair says, will help coordinate and accelerate efforts across content, technology, audience development and distribution. Who's running the group?
Congress Seeks Update To Law Squelching ‘Excessively Loud’ TV Spots
Two Democratic Members of Congress have introduced bicameral legislation that would update a law enacted in 2010 to limit the loudness of television advertisements.
Fox: ‘Still a Good Place’ For Investors
As investors look for safe investments in this challenging market environment beset with macro headwinds, MoffettNathanson continues to recommend one media company as its lone Buy-rated stock in traditional media. What sets FOX Corporation apart from its peers?
Non-Consummation For A Sovryn St. Louis Deal
Sovryn Holdings, the entity led by Philip Falcone, will not be moving forward with the purchase of a low-power TV station serving St. Louis. He'd agreed to a $1.05 million deal in December. RBR+TVBR has confirmed that a new buyer is all lined up, with paperwork just filed for approval with the FCC. Who's getting the property now?
TEGNA’s Q1 Numbers Beat Street
TEGNA released its quarterly earnings report and went about its day, as no quarterly earnings call was held as the company weaves through a takeover plan from Standard General and Apollo Global Management. How were the results? The TV station owner and Premion parent surpassed the consensus estimates.
‘Disciplined’ Scripps Sees Mixed Results In Q1
“Once again in the first quarter, Scripps delivered a terrific financial performance," Adam Symson, the President/CEO of The E.W. Scripps Co., said as he opened the broadcast media company's Q1 2022 earnings call. Yet, while Scripps beat the Street on its Q1 revenue, it fell slightly short of the consensus estimate on its earnings per share.
With Digital The Biggest Driver, Entravision Soars In Q1
Its roots may be in the U.S. Hispanic media market, but it is clearer than ever that Entravision Communications is a global digital media company. On May 4, it expanded to the African nation of Kenya, naming Maggie Ndirangu its Managing Director of Kenya Operations. That will likely further fuel the digital revenue engine for Entravision, which gets the majority of its total revenue from digital.
With Miami Beach Abandoned, First-Ever NATPE Hollywood Reveals Agenda
In January 2020, NATPE Miami was staged at the Fontainebleau Miami Beach resort. Scant discussion of an Asian health scare called COVID-19 was had. Today, NATPE Miami is dead. In its place is a new one-day event scheduled for June 1 in Los Angeles.
Retrans Revenue, Political Dollars Power Graham Media In Q1
The division of Graham Holdings Company today led by President/CEO Catherine Badalamente enjoyed revenue growth across its seven broadcast TV stations and its provider of social media management tools designed to connect newsrooms with their users.
Sinclair Shares Rise On Dividend News, Q1 Results Release
Political advertising is off to a strong start, exceeding the company's Q1 expectations. This, Sinclair President/CEO Chris Ripley says, helped drive the broadcast and "other" Q1 2022 media revenue to the upper end of its guidance range. But, is it political alone that will ignite Sinclair revenue in Q2 and beyond?
Three Allen Media Networks Get Cox MVPD Distribution
Byron Allen’s Allen Media Group (AMG) is comprised of local free-to-air radio stations, the Local NOW OTT platform, and several television networks. Three of these networks are accessible via MVPD Comcast, and on Charter Communications' Spectrum platform. As of today, a new MVPD has been added to the mix, with a deal in place as of today with Cox Contour TV.
A National Lifestyle Show Rollout Is DuJuan McCoy’s Wish
It's gained viewers across Indianapolis with what DuJuan McCoy calls "clean, wholesome, family programming." Now McCoy's Circle City Broadcasting Entertainment, owner of The CW Network affiliate WISH-8, is partnering with Trifecta Entertainment as a consultant focused on bring the show Life.Style.Live! to a national audience.
Smullin Family Completes CMG Spin
In February, a family-owned independent broadcaster led by President/CEO Patsy Smullin moved forward with the sale of the FOX and MyNetwork TV affiliates serving the Eugene-Springfield, Ore., market. Now, the transaction brokered by Frank Higney of Kalil & Co. has closed, and we can share how many millions of dollars CMG paid for the two stations.
TEGNA Flips The Switch On New OTT Offerings
New OTT streaming apps and streaming channels are being rolled out by the company, representing SVOD content tied to its 64 stations across 51 DMAs.