Set August 10 For TEGNA’s Q2 Review
It looks like the second Monday in August could be a busy one for Wall Street analysts that follow media companies. ViacomCBS will release its second quarter earnings on that date, and at the same time make a CFO transition. August 10 will also see the release of TEGNA's Q2 2020 results.
NBC SPOT ON Inventory Floats To Mediaocean
The NBCUniversal Owned Television Stations’ division has entered into a multiyear partnership with Mediaocean in an arrangement designed to help advertisers access NBC Spot On’s inventory through Mediaocean’s Spectra platform.
SAG-AFTRA OKs Tentative AMPTP Agreement
The SAG-AFTRA National Board of Directors, via a videoconference plenary held Monday, has approved the tentative agreement reached with the Alliance of Motion Picture and Television Producers on June 11. With the board’s approval, the deal covering motion picture, television and new media production now goes to the union’s membership for ratification.
Sinclair Secures CBS For Eight TV Stations, Plus WTVH
Eight Sinclair Broadcast Group stations and a Central New York property it operates won't be seeing any sort of "Great Network Affiliation Change" in their respective markets anytime soon. That's because the stations, ranking in market size, have new multi-year agreements in place with ViacomCBS.
Hearst’s VP/Finance, A ‘Unique, Dynamic Executive,’ Dies
In August 1987, following graduation from college, Jeana Stanley took a role at EY as a Cleveland-based manager. Fast-forward 11 years, and she'd find herself in her first television industry role. This led her to a nearly decade-long tenure at Hearst Television, culminating in her August 2018 promotion to VP/Finance. Now, the media industry is mourning Stanley.
Sinclair Webinar Series To Tackle ATSC 3.0 Business Opportunities
As the post-incentive auction spectrum repack winds down and commercial ATSC 3.0 stations sign on, attention is now shifting from implementation to monetization. A forthcoming series of webinars hosted by Sinclair Broadcast Group's OneMedia 3.0 is designed to explore those financial opportunities, and dig into the business applications of NEXTGEN TV.
Child’s Play: SVOD’s Integral Role In Growing Up Today
Despite a plethora of cable TV channels, kid-friendly digital multicast offerings including PBS Kids and educational and informational programming blocks across broadcast television stations, U.S. tweens are being raised on subscription video-on-demand programming. The trends from six European countries are no different, newly released Kagan data show.
Meredith Prices Its Senior Notes Offering
Meredith intends to use the net proceeds of the Senior Notes offering and incremental term loans, along with cash on hand, to redeem in full the outstanding Series A Preferred Stock and to pay fees and expenses related to the redemption, the Senior Notes offering and the borrowing of the incremental loans.
Who Are Broadcast Media’s Best Finance Leaders?
The industry's top radio and television finance executives of 2020 have been chosen -- thanks to the readers of the Radio + Television Business Report. And, for the first time, they're ranked. Who's at the No. 1 position?
Nashville Welcomes NEXTGEN TV To Five Broadcast Stations
Five of Nashville's over-the-air broadcast television stations on Tuesday flipped the switch on ATSC 3.0-powered signals, ushering in the "NEXTGEN TV" age in Music City USA.
Meredith’s Fiscal Fortification Now Includes A Note Offering
On Monday, Meredith Corp. revealed its intention to raise $710 million in new secured debt. At the same time, Meredith entered into an amendment to its revolving line of credit facility, conditioned on the redemption of the Series A Preferred Stock. Now, Meredith intends to offer $300 million of senior secured notes due 2025, subject to market and other conditions.
Smart TV Home Ownership Passes 50% Threshold
New research from Parks Associates and Applicaster indicates that more than 50% of U.S. broadband households now own at least one smart TV -- making it the primary platform for video services at a time when content consumption is accelerating dramatically.
Deloitte: COVID-19 Hastens Subs/Cancels Cycle For Paid Entertainment
Deloitte's 14th Digital Media Trends Survey is out, and this time the focus is on consumer streaming and entertainment habits. Deloitte conducted two surveys related to digital media: one pre-COVID-19, and a second in May. Together, the surveys provide intriguing insights into how media consumption has accelerated and changed as a result of COVID-19.
A Central KY LPTV Operation Gets A New Owner
For the past 15 years, the people, places and events in Marion, Nelson and Washington Counties of Kentucky have had a low-power community focused TV station at their disposal.
Now, this facility branded as "Central Kentucky Television" is being sold.
Meredith’s Debt Raise, With a Capital Update
Its Local Media Group owns 17 over-the-air TV stations including WSMV-4 in Nashville and WFSB-3 in Hartford. It's also the parent of such female-targeted lifestyle brands and glossy magazines as Better Homes & Gardens, PEOPLE and InStyle. As the novel coronavirus pandemic has made finances a little shaky, Meredith Corp. is moving forward with increasing its cash on hand.