It's been an incredible June for a broadcast TV station company with its roots in the Scranton-Wilkes Barre market. Nexstar Media Group's shares have soared by more than $10 a share since June 5. If the growth continues, a new all-time high could be seen in a matter of days.
Brace yourselves, TV industry C-Suiters: Americans are spending less time with most major media, new research from eMarketer indicates. There's one major exception, however, and this could be a plus for broadcast TV stations already savvy with streaming.
Tuesday proved to be another winning day on Wall Street for CBS Corp. At the Closing Bell, the company's stock was up another 16 cents, to $56.47 — its highest closing price since late January. The gains came despite an effort made yesterday by National Amusements Inc. and controller Shari Redstone for a stay in the CBS shareholder suit.
The expansion of over-the-top and set-top box VOD inventory has led to many calls from marketers to bring solid metrics to those charged with plotting a media buying and planning strategy. Now, those calls are being heeded by the dominant audience measurement company in the U.S., and a unit of Comcast.
How much impact can one financial analyst have on a company's stock performance just hours after issuing an investor note that pans or applauds said business? Just ask executives in the C-Suite at The Walt Disney Co. The company's shares took a hit on Monday after Pivotal Research Group's Brian Wieser gave the owner of ABC and ESPN a drubbing.
The Broadcasters Foundation of America has elected the President of the ABC Owned Television Stations Group and the Publisher of New Bay Media’s TV Sector Brands to its Board of Directors. At the same time, the President/CEO of the Illinois Broadcasters Association has been named an Officer and VP.
CBS Corp. has announced that it will report results for the Q2 2018 after the Closing Bell on Wall Street on the first Thursday in August. The news comes as talk of its fight against National Amusements Inc. and lead shareholder Shari Redstone has simmered in recent days.
When it comes to M&A activity for the nation's broadcast TV station owners, there's a lot of chatter — but does it matter? Yes, say two TV station owners appearing on a Thursday panel focused on mergers and acquisitions at the 35th Annual TV & Radio Finance Summit in New York.
Some 78% of video production and marketing professionals are seeing brands invest more in online and digital video ads compared to traditional TV spots. That sobering data for broadcast and cable TV executives comes courtesy of the just-released 2018 Pulse of Video Industry survey published by Nashville-based video content producer StudioNow. But, just who participated in this survey? And, is StudioNow a company steeped in digital solutions?
Don't think MVPD-delivered cable channels are important to TV viewers anymore? You better not tell that to Charlie Nooney, Chairman/CEO of Emeryville, Calif.-based MOBITV, the company behind an application-based Pay TV video delivery platform. The East Bay IPTV pioneer has become the "first multi-tenant video delivery solutions provider to secure hosted streaming delivery rights for more than 210 major networks."
With Tuesday’s formal announcement of Comcast’s $35 per share bid for the Fox assets Disney previously agreed to buy, the "Wordsmith of Wall Street" — Pivotal Research Group Senior Research Analyst for Advertising Brian Wieser — reviewed its valuation on Fox's Class A shares. Does it have a positive valuation impact? Here's what Wieser says.
The variety of tech devices and services that consumers use today is very different from what was available in 2003, or 2008. Pity the VCR? Smartphones and PCs are found in more than 75% of U.S. homes, and newer devices and services like smart TVs, internet-connected devices, and SVOD services are growing at what Nielsen calls "a significantly fast pace." What does this mean for your business?
OTT video is firmly established in the U.S. entertainment marketplace, and new research from Parks Associates only puts an exclamation point on the new reality of how Americans consume video entertainment. More than two-thirds of U.S. broadband households have an OTT service. But, it is the percentage of U.S. broadband households that have more than one subscription that is more noteworthy.
By the end of Tuesday, a judge's ruling will determine whether AT&T should be allowed to merge with Time Warner. Regardless of the case’s outcome, the American Cable Association believes "the level of competitive harm from programming price increases created by Comcast/NBCUniversal’s vertical combination of distribution and programming assets is significantly greater" than any harm a combined Time Warner and AT&T presents.
Nexstar Media Group shares have seen a steady rebound since bottoming out on May 3 at $61.20. With Monday's market close, NXST is back where it was in late February, and within $10 of its all-time high.