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CBS CEO Les Moonves said that NBC’s decision to put Jay Leno on in prime time will help his company’s bottom line. “We were the No. 1 network at 10 o’clock last year,” Mr. Moonves told analysts and investors during CBS’ quarterly earnings conference call Thursday. He estimated that CBS took in 38% of...
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Thu, May 7 2009
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Filed under: Broadcast, Cable, Digital, Advertising, CBS, NBC, Syndication, Jay Leno, Earnings, Les Moonves
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Time Warner reported lower first-quarter earnings because of big losses at AOL, but said profits were up at what it called its “Content Group.” Net income was $661 million or 55 cents a share, down from $771 million or 64 cents a share a year ago. Revenues fell to $6.9 billion from $7.5 billion. Time...
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Wed, Apr 29 2009
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Filed under: Broadcast, Cable, Digital, HBO, Syndication, Earnings, Time Warner, Jeff Bewkes, Turner Broadcasting, AOL, Warner Bros., first quarter
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Two of the largest talent agencies in Hollywood, the William Morris Agency and Endeavor, are merging under one name, William Morris Endeavor Entertainment, the two organizations announced today. William Morris CEO Jim Wiatt will serve as chairman of the new group. Endeavor founder Ariel Emanuel, along...
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Former HBO executive Tom Cerio is joining Warner Bros. Domestic Television Distribution as executive vice president of cable sales, marking one of the last steps of the distributor’s integration with its cable element. Mr. Cerio previously was executive VP of program distribution at HBO. He will oversee...
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The Screen Actors Guild National Board of Directors has approved its proposed contract with the Alliance of Motion Pictures & Television Producers by a 53% margin and will present the deal to its membership for ratification. The new contract with producers, as approved Sunday night at a meeting of...
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First-quarter earnings fell 45% at NBC Universal, parent company General Electric announced Friday morning. While its cable networks continued to deliver double-digit growth, GE CEO Jeff Immelt said in a statement, “NBC Universal has a tougher performance overall due to a soft advertising market and...
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Fri, Apr 17 2009
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Filed under: Broadcast, Cable, Digital, Syndication, NBC Universal, Earnings, General Electric, Jeff Immelt, Keith Sherin, first quarter
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Investment firm Sanford C. Bernstein on Wednesday released a new pessimistic report on media company earnings. “The recent run-up in media stocks suggests investors are looking past the horrid near-term trends to a happier place off in the horizon,” said analyst Michael Nathanson in a report. “However...
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Wed, Apr 8 2009
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Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.
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NBC Universal’s Jeff Gaspin, who in a former life created VH1’s landmark “Behind the Music” series, spends much of his time these days working behind the scenes. As president and chief operating officer of the Universal Television Group, Mr. Gaspin has one of the broadest portfolios in television. He...
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Sun, Mar 29 2009
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Filed under: Broadcast, Cable, Digital, Syndication, Bravo, NBC Universal, Print Edition, Sci Fi Channel, USA, Jeff Gaspin, Universal Television Group
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Live viewing on television still is the dominant form of video consumption in the United States. A new study conducted by Ball State University’s Center for Media Design and Sequent Partners for the Nielsen-funded Council for Research Excellence, found that 99% of video consumption on televisions, the...
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*** Clark Productions has named Michael Kohn senior VP of business operations and general counsel. The newly created position will find Mr. Kohn acting as a liaison with network and studio legal teams on new and existing projects. In addition, he will oversee contract negotiations, management of the...
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In an unexpected development, Fox Broadcasting Chairman Peter Liguori is leaving the network, stepping down as part of a restructuring that will give Tony Vinciquerra full control of News Corp.’s TV networks business. Replacing Mr. Liguori will be Peter Rice, who had been president of Fox Searchlight...
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Thu, Mar 12 2009
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Filed under: Broadcast, Cable, Fox, Kevin Reilly, Syndication, Peter Liguori, Gary Newman, Dana Walden, Rupert Murdoch, Jim Gianopulos, Tony Vinciquerra, Peter Rice, Tom Rothman
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President Barack Obama made it official today, nominating Julius Genachowski to be chairman of the Federal Communications Commission. “I can think of no one better than Julius Genachowski to serve as chairman of the Federal Communications Commission,” the president said in a statement. “He will bring...
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Time Warner on Wednesday reported a $16 billion loss in the fourth quarter and a $13 million loss for all of 2008. The bulk of the loss was the result of a $24 billion charge against asset impairments. “We’re making progress at Time Warner toward our goals of becoming a more content-focused company and...
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Wed, Feb 4 2009
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Filed under: Broadcast, Cable, Digital, Syndication, Time Warner, Jeff Bewkes, Networks, 2008, results, fourth quarter
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Representatives for the Screen Actors Guild and the Alliance of Motion Picture and Television Producers will resume contract negotiations next week, the two sides announced Wednesday. The organizations issued a joint statement declaring talks will take place Tuesday and Wednesday at the AMPTP's Sherman...
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The House of Representatives today rejected an attempt to immediately pass legislation delaying the digital TV transition, likely putting off a final House vote on the DTV delay until next week. While the stall robs the Obama administration of some momentum in its effort to delay the switch from Feb...