U.S. financial markets tumbled on Friday, once again extending a rollercoaster ride on Wall Street that sees no signs of ceasing anytime soon. The Dow Jones Industrial Average fell 201.95 points, to 24,462.94, as Nasdaq was off 91.93 points, to 7,146.13. Media stocks were awash in a sea of red, but four companies stand out with gains to end the week. The situation for top TV companies isn't so pretty.
With its shares hitting a new five-year low on March 19 and rough seas on Wall Street resulting in a bruising session for Nielsen, the company's board of directors nevertheless put a stamp of approval on an increase in its quarterly cash dividend.
The National Association of Broadcasters Education Foundation (NABEF) has revealed the winners of the 2018 Celebration of Service to America Awards, recognizing outstanding community service by local broadcasters. These award recipients will be honored at the Celebration of Service to America dinner, held Tuesday, June 12 at the Andrew W. Mellon Auditorium in Washington, D.C. Top honors are going to a big TV station owner, and an independently owned FM in L.A.
U.S. financial markets finished Thursday's trading on a down note, but that had no impact on the solid performance seen by Nexstar Media Group on Nasdaq. What other companies had a strong day, or a disappointing one? Click here for the details in brief!
The Advanced Television Systems Committee (ATSC) has unveiled its plans for the 2018 ATSC Broadcast Television Conference, set for May 23-24 in Washington, D.C. Keynote speakers will include the NAB's Chief Technology Officer and the head of America's Public Television Stations (APTS).
If there was a competition to become the most prolific buyer of radio or TV stations in 2018, there's no question who would come out on top. Philip Falcone and his HC2 Station Group has been snapping up TV properties left and right since the start of the year, continuing a buying trend that began with the end of the FCC's Spectrum Auction. HC2 is at it again, and just acquired a channel-sharing agreement forged by a full-powered UHF station serving a university town in the Lone Star State that's giving up its spectrum to the benefit of wireless service providers.
The new tax law’s expected implications for professional and personal tax returns will be explored during a Thursday Distance Learning webinar offered by MFM, the Media Financial Management Association.
First-quarter 2018 earnings are due soon from some of the key video entertainment companies trading on Wall Street. In advance of these companies' earnings releases, Pivotal Research Group's Brian Wieser modified his investment house's financial models for Disney, Time Warner, FOX, CBS, Viacom and Discovery Communications. Here's what he believes is the "best positioned of the group." Put on your mouse ears for this one.
Some rules were meant to be broken. Others were meant for elimination altogether. Take, for instance, a FCC rule crafted in 1972 that requires cable operators to maintain at their local office a current listing of the cable TV channels that each cable system delivers to its subscribers. Is this really necessary in this modern age? The Commission doesn't believe so, and today approved an NPRM that would do away with the rule.
Broadcast TV station owner TEGNA and its over-the-top (OTT) advertising services platform Premion have launched a proprietarily-built data management platform (DMP) that includes 2,000 first-party unique OTT audience segments.
The wordsmith of Wall Street, Pivotal Research's Brian Wieser, and his team have just analyzed trends associated with the use of TV alongside commercial share trends for national media owners in the U.S. for the calendar month of March 2018. What's the most notable observation? There's a big increase in Internet-connected device consumption. Meanwhile, TV use fell in a key audience demo.
Of the brands actively using spot television to reach consumers, just one booked more than 20,000 spots in the week ending April 15. The brand seeks to build an audience of allergy sufferers.
In a sign of the times with respect to OTT choices, one of the nation's largest MVPDs is making sure customers don't cut the cord but keep it with one of the big draws away from traditional cable TV. In a historic arrangement, Comcast is now offering a Netflix subscription to new and existing Xfinity accounts.
The FCC in March released a Notice of Proposed Rulemaking that seeks to streamline the TV satellite station reauthorization process when they are assigned or transferred in combination with their previously approved parent station. Filing comments and reply comments for this NPRM have now been set in stone by the Commission.
In a new note from prolific Wall Street wordsmith Brian Wieser, Senior Analyst at Pivotal Research Group, an analysis of Nielsen's Digital Content Ratings is put to the test with YouTube. Daily viewing data from August 2016 through March 2018 was put under Wieser's microscope. He's discovered an interesting trend: "YouTube growth has decelerated over the past few months, although it remains at high absolute and relative levels."