"The only real market surprise was the midday timing of the announcement," Wall Street analyst Michael Nathanson says in an investor note focused on the forthcoming ViacomCBS Inc. "Judging by the reaction, the new company will have to work extra hard to prove the financial merits of this combination."
For the first time since August 13, and just the second time in five weeks, Nexstar Media Group shares climbed above the $100 threshold in moderate trading on Friday. The jump comes as Simply Wall St. asks if it is time to consider buying Nexstar shares.
The Spot Ten chart for the week ending September 29 finds Chevrolet holding at number one, Ford again at number five, Nissan up a place to number sixth, Toyota at ninth (down from eighth), and Honda moving up to 10th from 12th position.
With the TV and entertainment industry's anticipating a battle for OTT audiences come November with the launch of potential competitors, Netflix on Wednesday released third-quarter financial results that beat Wall Street expectations. But, a U.S. slowdown is clearly seen.
While TEGNA struggled with a lack of political ad dollars in its fiscal Q3 results, Meredith Corp.'s Local Media division experienced a much-different three month period ending Sept. 30. The stations finished Meredith's fiscal Q1 2020 with "record revenues for a non-political quarter."
Despite what you may have seen prior to Halloween, the official holiday shopping season has begun. As such, some of the nation's key brick-and-mortar retail chains are putting their dollars into spot television to reach consumers. Which department store comes out on top?
So, who are the top 10 advertisers of 2019 by ad spend? How much did these companies spend on TV advertising? Ad sales business intelligence firm MediaRadar crunched the numbers, and has revealed the details just in time for New Year's Eve. One interesting takeaway: There were more than 2,000 newcomers to television advertising in 2019, including PostMates.
If dollars meant votes, a former New York mayor would be in the driver's seat. That's because the big-dollar activity at spot television from the Mike Bloomberg for President campaign tops 'em all, coming in ahead of even GEICO -- the most prolific user of spot TV there is today.
In a move designed to shore up investor confidence -- and take advantage of what the C-Suite likely believes is an undervalued stock -- the CEO of the company that owns 17 television stations in markets such as Phoenix, Nashville and Portland, Ore., has purchased 10,000 shares of his employer's common stock on the open market. The purchase by Tom Harty is valued at $289,000.
An audio technician for NBC News has died after testing positive for COVID-19. He was 61. According to his wife, the longtime employee suffered from other health issues.
ATSC 3.0-fueled planning is accelerating the much discussed opportunities that lie ahead of broadcast television. These efforts include those of one broadcast industry consultant focused on NEXTGEN TV features that has linked up with Acrodyne Services for its PROGIRA plan broadcast network planning software.
The E.W. Scripps Co. on Friday will become the latest broadcast TV company to release its first-quarter 2020 results. One day ahead of the distribution of those numbers, the Scripps board declared a cash dividend. Is that why Scripps shares surged across Thursday morning's trading session? Perhaps. But who has snatched up SSP stock recently may be of note.
Veritone has partnered with Future Media & Entertainment Group to uncover television industry perceptions and experiences around AI. "At a time when organizations are finding new ways to work and searching for efficiencies, Veritone set out to gauge the role Artificial Intelligence plays in this process," the company says.
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.
The next-generation ATSC 3.0-powered digital TV broadcast signal is now up and powering seven major over-the-air TV stations in the Pacific Northwest’s second-largest market.