Industry consolidation, shifting viewing habits and the rise of new technologies like the cloud and AI are pushing major changes to newsroom computer systems with multiple groups opting for new systems, others eyeing changes and vendors updating their products to keep up with a very different newsroom world. Pictured: A view of the Rundown application in Avid’s MediaCentral Cloud UX.
The total of $1.284 billion was attributed to increased distribution revenue and higher political revenue of $39 million.
Overall, revenue of $9.958 billion was down from the year before and shy of Wall Street expectations, of over $10 billion. Ditto with net loss per share of 40 cents. TV numbers felt the impact of strikes with fewer episodes delivered. Streaming was a bright spot, where WBD added 2 million subs to 99.6 million and had a profit of $86 million, up from $50 million the year before. Revenue firmed, including a 70% jump in ad sales.
Allen Media Group's Byron Allen, E!'s Jenny Depper, Telepictures' Lauren Blincoe, Debmar-Mercury's Ira Bernstein and Fox's Portia Bruner discuss where TV might find a way to keep marquee-name talkers going and where mulitplatform distribution will play a big role in this panel at TVNewsCheck’s Programming Everywhere conference. Become a TVNewsCheck subscriber here to watch the exclusive video.
In discussing Q1 performance, Lucy Rutishauser, Sinclair’s CFO, reported that “as compared to last year, consolidated media revenues increased to $792 million during the quarter, primarily on the higher political revenues and an increase in distribution revenue.” CEO Chris Ripley highlighted the company’s Broadspan, which is offering a new content distribution service that combines OTT and OTA distribution of live streaming events.
CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.
The offering from Disney and Warner Bros. Discovery shows how rival companies are willing to work together to navigate an uncertain entertainment landscape.
Founded in 1934 by the Press Club of Atlantic City, the National Headliner Awards program is one of the oldest and largest annual contests recognizing journalistic merit in the communications industry.
Following leaks earlier this month of Walmart’s plans to launch a new 4K streaming box, Walmart has officially unveiled the Onn. 4K Pro, a hybrid streaming box/smart speaker currently priced at $49.88. The Onn. 4K Pro is built on the Google TV platform and offers a cinematic experience with 4K UHD picture quality and enhanced Dolby Vision and Dolby Atmos.
The agency released a final order clarifying that pay-to-play internet “fast lanes” for consumers violate its net neutrality rules. It also guarantees the new rules won’t preempt state broadband affordability programs.
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.
