EchoStar Loses 213,000 Dish & 135,000 Sling TV Subscribers In First Quarter

EchoStar lost about 348,000 net pay TV subscribers in the first quarter, compared with a drop of 552,000 in the year-ago period, the company said on Wednesday. The company disclosed in a regulatory filing on Wednesday that it lost around 135,000 net Sling TV subscribers in the latest quarter, compared with a year-ago loss of 234,000. It ended March with 1.92 million Sling TV subs.

As artificial intelligence becomes increasingly integrated into advertising, Meta is introducing new ways marketers can use generative AI (GAI) to focus less on “mundane tasks” and more on creative strategy. At a press event on Tuesday, the tech giant announced the rollout of full image and text generation. For the first time, advertisers will be able to create full image variations based on their original ad creative with text overlay capabilities that generate new backgrounds around product images and alter images to better fit multiple surfaces.

Kornacki, who is known for his deft on-the-fly analysis of political campaigns and races, will turn his focus for a short period of time to athletic competition in Paris as part of a cadre of NBC News journalists who will present some coverage of the extravaganza, Willie Geist, Sam Brock, Gadi Schwartz and Anne Thompson will also participate, with Kornacki offering analysis from the U.S., and his colleagues on the ground in France.

BRAND CONNECTIONS
UPFRONTS

Nexstar Pitches Sports On The CW, Extra Reach Via Stations

If upfront advertisers are looking for reach, Nexstar Media Group believes its base of local stations gives it a unique way to achieve that goal. Michael Strober, Nexstar chief revenue officer, says that even advertisers interested in the sports programming that Nexstar has added to The CW Network, can benefit from a national-local approach. “If you care about college football, we have ACC football and you can buy that on The CW,” Strober said. “Then you can extend that reach across all of the Nexstar affiliates on ABC, CBS, NBC and Fox, who all carry college football every week,” he said.

Christina Capatides will be taking on the role of overseeing CBS Stations’ social media efforts, becoming the vice president of social media and trending content for CBS News and Stations, according to an internal memo from division president Jennifer Mitchell. Capatides, who has been instrumental in shaping CBS News’ social media content, will report to both Mitchell and CBS News president Ingrid Ciprian-Matthews.

EARNINGS CALL

Murdoch Bullish On Sports JV, Tubi, Political Spend

Talking with analysts, the Fox CEO described the still-unnamed joint venture with Disney and Warner Bros. Discovery that’s now in beta as “an incredibly exciting product.” The company’s operating results showed a decline in revenue from last year’s third quarter, but affiliate fees rose, from about $1.86 billion in last year’s comparable quarter to $1.94 billion.

QUARTERLY REPORT

Fox Swings To Quarterly Profit Despite Slump In Ad Revenue

Fox Corp. said it swung to a profit in its fiscal third quarter despite slumps in advertising revenue, largely due to the absence of charges associated with a massive legal setback tied to Fox News Channel and a boost in affiliate fees. The owner of Fox News Channel and the Fox broadcasting network said overall revenue fell to about $3.45 billion, compared to approximately $4.08 billion in the year-earlier period.

QUARTERLY REPORT

Tegna Q1 Revenue Dips 4%

The decrease to $714 million is attributed to lower subscription revenue and advertising and marketing services revenue.

WOW! Weighs Takeover Offer From Private Equity

Englewood, Colo.-based cable operator WideOpenWest (WOW!) canceled the Q&A portion of its first-quarter earnings report Tuesday, as a specially convened WOW! board committee considers an unsolicited takeover offer from private equity. DigitalBridge Investments and "various Crestview entities" have made a cash offer to purchase all outstanding WOW! shares not already owned by Crestview for $4.80 a share.

Worldwide fraud rates for optimized ad campaign meant to protect brands fell to all-time lows in the second half of 2023, but those unprotected rose 14 times higher, according to data released Tuesday by media measurement and optimization platform Integral Ad Science. Rates for optimized campaigns fell to 0.6% from 0.9% the two prior years. The year-over-year rate in the Americas dropped to 0.1 point.

Ricky Strauss is exiting from his role as head of marketing at Apple TV+ after leading the department for nearly a year and a half. An insider familiar with Strauss’ moves indicated that the exec is looking to pursue other creative endeavors. It is unclear whether the now-vacated position will be filled and who will step in if so.

Caitlin’s Clark’s WNBA Debut To Stream On Disney+

The game, which will see Clark's Indiana Fever face off against the Connecticut Sun, is set for May 14, and will be the first (non-animated) live sports event on Disney+.

NBCUniversal Will Pitch Combination Of Content, Tech In Upfront

Advertisers are looking to reach the right audiences and tell their stories inside compelling content, Karen Kovacs, president of client partnerships at NBCUniversal Advertising and Partnerships, says. NBCU is set up to respond to both of those needs during the upfront, Kovacs says.

QUARTERLY REPORT

Comscore Posts $5.2 Million Loss In 1st Quarter

Measurement company Comscore’s net loss was $5.2 million, or $1.08 a share in the quarter, compared to a loss of $12.5 million, or $2.66 a share, a year ago. Revenue dipped 5% to $86.8 million cross-platform solution revenue was down 9.7% because of lower national TV revenue. For the full year 2024, Comscore expects revenue to be between $375 million and $390 million, with an adjusted EBITDA margin of between 12% and 15%.

Proposal Made To Ban Covered Entity Labs From FCC Certification Program

The FCC is set to vote May 23 on a proposal to ban labs owned by companies deemed to be national security risks from its equipment authorization program. Companies on the agency’s “covered list” are already barred from receiving FCC authorizations necessary to sell new wireless products, as well as from being vendors for federally funded projects. The proposal circulated Thursday would prohibit labs and facilities from conducting tests for the agency as part of that authorization program if they’re at least 10% owned by a covered list entity.

PROGRAMMING EVERYWHERE 2024

Video: Finding New Levels Of Interactivity In Game Shows

Executives heralding bold game show innovations from CBS, Fremantle, Fox Television Stations and Apploff Entertainment share how interactivity can be built into decades-old catalogs and up-to-the-minute multiplatform offerings alike in this panel at TVNewsCheck’s Programming Everywhere conference. Become a TVNewsCheck subscriber here to watch the exclusive video.

WEEK ENDING MAY 6

Station Trading Roundup: 1 Deal, $200,000

The purchase of WZPK-LD Monticello, N.Y., by Hudson TV tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

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.

TVN Webinar: Streaming Revenue Strategies For Local TV

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.

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