DISH Shares Slide Following Pivotal Post-Q4 Results Downgrade
Subscriber gains or losses is key to where Dish Network's health is, even as it swiftly tilts away from DBS television services to 5G telephony player. With the revelation Monday that Dish lost more subscribers than financial analysts expected, the company's stock slumped. That dip in value will likely continue in the short term, as a key analyst just downgraded Dish stock.
Discovery Shares Soar On A ‘Plus’-Positive Q4 Report
Discovery Inc. shares soared by nearly 9% in Monday's trading, as investors cheered a particularly strong Q4 2020 report from the media company that very much suggests consumers have flocked to its discovery+ OTT platform.
RNN Wins Another Market Modification In Northern N.J.
A transaction that brings a small MVPD in Northwestern New Jersey into the Altice USA family prompted the owner of a regional news and information station born as WTZA-62 in Kingston, N.Y., to modify the station's market to include all of the areas this cable TV services provider covered. The FCC has just said yes to the unopposed petition.
Are ‘Cord Cutters’ Still Saving Money?
The cord-cutting movement is no longer just about saving money on cable versus streaming. Subscription fees for streaming services continue to rise. At the same time, choices are multiplying. Are cord cutters still saving money?
How Far Did Broadcast TV Spend Fall Globally In 2020?
Global marketing firm WARC has released its latest Global Advertising Trends report, with the subject of "Next Generation TV." The study focuses on where ad dollars flowed in 2020. To little surprise, streaming platforms are siphoning dollars, pounds, euros and more away from linear video opportunities.
Rich Boehne Says Goodbye To Scripps Board
On Tuesday, Aug. 8, 2017, Rich Boehne stepped aside as CEO of The E.W. Scripps Co., yielding the position to Adam Symson. However, he retained a role on the company's board of directors, serving as Chairman. Now, Boehne is fully set to retire when his term expires.
WABC-7 Selects OConnell’s Successor
In fall 2020, Debra OConnell was elevated to President of Networks for Disney Media & Entertainment Distribution, thus leaving the role of President/GM of WABC-7 in New York open for her replacement. ABC Owned Television Stations has just chosen that individual, and it is WABC's News Director.
Hulu Marketing Head Discovers a Key Discovery+ Rollout Role
In June 2020, he was promoted to Director of Marketing for Hulu, an ascension that came after roles as SVP of Growth Marketing and VP/Subscriber Growth at the Santa Monica, Calif.-based OTT platform. Now, he's joining Discovery Inc. to serve as its Global Chief Marketing Officer for its Discovery Direct-to-Consumer unit.
A Quarterly Dividend is Approved by TEGNA’s Board
The Board of Directors for the company that owns such key NBC affiliates as WXIA-11 in Atlanta and WGRZ-2 in Buffalo has declared a dividend payable April 1. The news came ahead of the Closing Bell on Wall Street, which saw TEGNA shares reach close to $18 in a positive trading session for the broadcast TV company.
Dish Gives Its 5G Push Another Boost
Yes, it's a Direct Broadcast Satellite TV service provider — one that's involved in many retransmission fee impasses with broadcast TV companies. But, it could also be TV's ally in the widening of 5G, bringing more access to AVOD and streamed content created by broadcast TV. That's why Dish's 5G expansion should be of note.
Canela Media To Launch a Weekday ‘FAST’ Newscast
Latina-owned digital media company Canela Media has launched "Canela News," billed as "the first free live-streaming newscast for U.S. Latino cord cutters." It's a Spanish-language daily newscast offering the latest headlines, sports reports, features on immigration, and other subjects of particular interest to Hispanics who prefer to consume content en español.
Disney’s Tale of Three Unique Mice, From A Wall Street Lens
Since fiscal Q3 of 2020, The Walt Disney Co. has been, in the view of MoffettNathanson Senior Analyst Michael Nathanson, "essentially a tale of three different mice." Say what? It's a metaphor for three profit segments Nathanson has closely examined, following Thursday's release by Disney of its fiscal Q1 results — a performance that beat EPS estimates.
SBS Reveals Pricing Of Senior Secured Note Offering
SBS intends to use the net proceeds of this offering along with cash on hand to finally repay its 12.5% senior secured notes due 2017, along with certain other consideration; to repurchase and/or redeem all of its outstanding 10 3/4% Series B Preferred Stock; and to pay related fees and expenses.
The 2021 Mindset of Broadcast TV Buyers
Borrell Associates on Thursday released the second in a series of reports that examine 2021 spending plans for a dozen different types of local ad buyers. This 14-page analysis, drawn from a survey of 373 local businesses that buy TV ads, shifts focus to Broadcast TV Advertisers. What are they planning as the pandemic subsides? We take a look.
Entercom, TEGNA Team For Podcast Content Deal
A top daily local sports podcast network was recently acquired by one of the biggest broadcast TV companies in the U.S. Now, TEGNA is teaming with the owner of Cadence13 and Pineapple Street to bring content from that podcast operation to a wider audience.