Here’s A Chance To Stop Your Local Dollar Drain
Want to gain some valued intelligence on where your local ad dollars may be flowing to? Save the date now: the Local Online Advertising Conference 2018 just may be the place to learn how to monetize your stations' websites, apps, and video streams.
The End Is Near For WUSF Television
Viewers of the University of South Florida's noncommercial public television station have until Oct. 15 to continue watching the programs the station airs. Come Monday, Oct. 16, there'll be nothing left to see: WUSF-16 in Tampa will be part of the city's past, joining the Tampa Tribune, WLCY and "95YNF" as a new part of Tampa Bay's media past.
FOX, YouTube Team For Teen Expansion
If you can’t beat ’em, or compete with ’em, partner with ’em. For Fox Networks Group, that means teaming up with Alphabet-owned YouTube as it seeks to grow the brand value of its Teen Choice Awards. FNG and YouTube are set to expand its “Teen Choice 2017” across digital platforms. That sees the launch of Teen Fest 2017.
Scott Levin Ends Retirement, Sets WGRZ Comeback
One of Western New York's more familiar faces is returning to the local TV news scene, in a move that could jolt Nexstar-owned WIVB-4 and The E.W. Scripps Co.'s WKBW-7 just as both stations are seemingly gaining momentum in Buffalo.
TEGNA Takes A Mashable Mainstay For Digital Duties
If you don't think broadcast TV companies are serious about building their digital strategies, look at what TEGNA — the company formerly known as Gannett — just did: the second-ever employee at digital darling Mashable has been tapped as TEGNA's new Chief Digital Officer.
Where Can TV Grow Amid Declining National Ad Sales?
Pivotal Research Group Senior Research Analyst for Advertising Brian Wieser kept the midnight oil burning late Wednesday, as he reviewed the "weak advertising revenue trends for national TV" seen in Q2. He thinks they're down by about 1%. Get used to it, Wieser advises: He says growth for the traditional medium is unlikely to return any time soon. But, there are opportunities for growth, he adds.
A Healthy Dividend, A ‘Harty’ Board Add For Meredith
The board of directors for the owner of 17 broadcast TV stations has declared a healthy regular quarterly dividend payable on Sept. 15 to shareholders of record on Aug. 31. At the same time, the board made a "Harty" appointment.
Tribune Whiffs With Weak Q2 Results
Did Sinclair Broadcast Group go to Chicago Canine Rescue and adopt a dog? That's what some investors might start to ask, given the Q2 results Tribune Media just posted. Yes, the company's net loss was narrower. Yes, Tribune’s Diluted EPS failed to meet analysts' estimates.
Buy CBS Corp. Stock, Says This Financial House
Thinking of investing in a media company's stock? Perhaps the company based at "Black Rock" will provide the extra green you desire. A Wall Street investment house just set a record-setting target price on CBS, and it could reach that level based on historical movement for the company set to divest CBS Radio.
Eyes On The Screen: The Latest Out-Of-Home Viewing Metrics
Walk into nearly any bar, gym, airport or office these days and you’re likely not only to find a TV, but also viewers of all sorts with their eyes glued to the glass. These consumers, out of the confines of their homes, are no less important to networks and advertisers when they’re out and about. This latest insight piece from Nielsen sheds new light on what's being watched away from the home.
Here’s The Dollar Outlook For Discovery Pre-Scripps
Following last week’s earnings release and announcement of the acquisition of Scripps Networks by Discovery Communications, Pivotal Research Group Senior Research Analyst for Advertising Brian Wieser reviewed and revised his expectations for Discovery's core business, and its soon-to-be-acquired operations. What is his updated assessment?
Nexstar Surges In Q2, Fueled By Media General Properties
The addition of the Media General TV stations to Nexstar Media Group significantly impacted its bottom line in Q2: Nexstar enjoyed a 139% net revenue rise to a record $626.1 million.
Gray Television Shines With Stellar Q2
Poor comps? Not here. Gray Television enjoyed a Q2 2017 that was nothing short of spectacular, as revenue surged to $226.7 million from $196.6 million, and net income catapulted to $70.6 million (97 cents per diluted share) from $17.7 million (24 cents). Thank the Spectrum Auction for the strong quarter, and buckle up for a bumpy Q3.
Nexstar Nets A Non-Spectrum Asset Win
In a transaction that the company says will be "highly accretive" to its operating results immediately after a Q4 closing, Nexstar Media Group is acquiring the non-spectrum operating assets of the CW affiliate serving DMA No. 52. It's a nice bonus payday for the seller, which had no pre-Auction CSA but gained one ahead of relinquishing this station's spectrum for a winning bid of $125,932,367.
An ‘Outstanding’ Q2 For CBS As All Access Goes Global
CBS Corp. Chairman/CEO Les Moonves has much to be smiling about: His TV and OTT operations contributed to a great Q2 for the company, which is making available its CBS All Access online platform to all of planet Earth.














