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PROGRAMMING EVERYWHERE 2024
QUARTERLY REPORT
Disney Posts Better-Than-Expected Quarterly Results, Nears Streaming Profitability Goal
Revenue for the quarter ended March 30 increased to $22.1 billion from $21.8 billion in the year-earlier period. Excluding items, diluted earnings per share for the quarter increased to $1.21 from 93 cents. Analysts had been expecting revenue of $20.53 billion and earnings per share of $1.02.
QUARTERLY REPORT
Gray Television Q1 Revenue Rises 3%
The increase to $823 million was pegged to higher core advertising as well as higher driven by the 2024 Super Bowl.
BRAND CONNECTIONS
ABC, NBC, CBS and CNN all face questions about their future, just as one of the toughest journalistic assignments looms.
Exclusives
Meta Platforms is urging a federal appellate court to reconsider a recent 2-1 decision allowing Facebook and Instagram advertisers to proceed with a class-action fraud lawsuit over inflated metrics. In papers filed with the 9th Circuit Court of Appeals, Meta says the panel ruling doesn't “make any sense in a case like this,” given that the class of affected advertisers includes entities ranging from Fortune 500 companies to small businesses to government agencies. Meta adds that the ruling will make it “virtually impossible” for defendants in other lawsuits to oppose class-action certification.
TV news is shrinking. Does ABC News need its own commanding officer when it's being made part of a different army?
Radziul adds oversight of a portion of the company’s portfolio of stations, joining Executive Vice Presidents Ashley Gold and Eric Meyrowitz, and Vice President, New England, Kyle Grimes, managing operations of the group. He will continue to supervise the company’s government affairs and its distribution relationships.
Reporting to Shawn Donilon, she will provide strategic public policy counsel to assist NAB in developing policy positions and formulating advocacy strategies to address critical issues affecting the broadcast industry.
TVN’S MEDIA JOBS
New Jobs Posted To TVNewsCheck
New jobs posted to TVNewsCheck’s Media Job Center include an opening for a director of student media and a national operations director. Existing openings include a digital platform specialist, an account executive and a sales director.
Streaming sales leaders from Gray Television, E.W. Scripps, Hearst Television, Ticker and Megaphone TV will share the latest developments in technology and strategy for OTT and FAST channels. Learn more about this critically important revenue source for broadcasters in a TVNewsCheck Working Lunch Webinar on May 16. Register here.
