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☆ Why Netflix, Disney, and other Hollywood companies are flocking to CES this year
▼ + stars: | 2024-01-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.

Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock

☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

NEW YORK (AP) — By airing the fourth Republican presidential primary debate scheduled for Wednesday — again, minus Donald Trump — the young NewsNation television network will almost certainly reach the largest audience in its history. A NETWORK STILL SEEKING AN AUDIENCEPolitical Cartoons View All 1277 ImagesThe debate is to air from 8 to 10 p.m. ET and will also be shown on the CW network, which like NewsNation is owned by the Nexstar Media Group. A HIGH-PROFILE DEBATE HEADLINERIn awarding the rights to televise Wednesday's debate, the Republican National Committee chose the debate moderators. Kelly's experience working debates during the 2016 Republican presidential nominating process shot her to fame through her feud with Trump.

Persons: —, Donald Trump —, Megyn Kelly, ”, Cherie Grzech, NewsNation's, NewsNation, Chris Cuomo, Dan Abrams, Ashleigh Banfield, Leland Vittert, Abrams, Joe Berkowitz, “, cursorily, Chris Stirewalt, Bill Shine, Grzech, haven't, I've, Elizabeth Vargas, Eliana Johnson, Kelly, It's, Kelly hasn't, hasn't, She's, Ron DeSantis, ” Kelly, Nikki Haley's, “ cringy, Chris, Christie, you've, Vivek Ramaswamy's, she's, Tom Jones, ” Jones, Grezch, Trump, ___ David Bauder Organizations: Republican, Nexstar Media Group, CW, WGN America, CNN, ABC News, MSNBC, Fox News, Nielsen, Hollywood Reporter, Media, Daily, Fox, Republican National Committee, Washington Free Beacon, Trump, NBC News, Walt Disney Corp, Poynter Institute, Associated Press Locations: Florida

☆ Remember when Disney's Bob Iger floated selling ABC? Turns out, he was just testing the waters.
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Over the summer, Bob Iger seemed to hint that ABC and Disney's other networks were for sale. Since returning as CEO, Iger has turned his focus to streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "That was a means of my saying to Wall Street or the investment community that our heads were not in the sand about the challenges that those businesses were having," he said Wednesday. Perhaps Iger is once again testing the waters of the investment community.

Persons: Bob Iger, Iger, —, Disney, Byron Allen Organizations: Service, ABC, Disney, The New York Times, Summit, CNBC, Allen, Co, Nexstar Media Group, Allen Media Group, Geographic Locations: Sun Valley , Idaho

☆ Michael Burry reveals new bet against chip stocks after closing out winning market short
▼ + stars: | 2023-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

It is also not known whether Burry still holds the position or whether it's some sort of hedge against a long position. Those positions were winners for Burry as the stock market finished the third quarter lower. Burry is one of several hedge fund managers who correctly identified the housing bubble ahead of the 2008 financial crisis. Burry closed his previous hedge fund, known as Scion Capital Management, after the financial crisis. The hedge fund filings do not show all types of derivatives or private investments, so the full scope of Burry's positions are unknown.

Persons: Michael Burry, Burry, Michael Lewis Organizations: Scion, Management, iShares Semiconductor, Devices, Broadcom, Nvidia, Nasdaq, Burry, Scion Capital Management, Scion Asset Management, Nexstar Media Group Locations: Stellantis

☆ Megyn Kelly Will Moderate the Next G.O.P. Debate, on NewsNation
▼ + stars: | 2023-11-09 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump, who famously clashed (and later made up) with Ms. Kelly during the 2016 election, is unlikely to attend. The debate will be hosted by the upstart television network NewsNation, a 24-hour cable news station that Nexstar Media Group owns. Ms. Kelly will be joined at the moderators’ desk by Elizabeth Vargas, a NewsNation anchor, and Eliana Johnson, editor in chief of The Washington Free Beacon, a conservative news site. The Free Beacon and SiriusXM, which airs Ms. Kelly’s radio show, are sponsors of the debate. The event will also be shown on digital platforms and local affiliates of the CW, the broadcast network that Nexstar owns.

Persons: Megyn Kelly, NBC —, Donald J, Trump, Kelly, Elizabeth Vargas, Eliana Johnson Organizations: Fox News, NBC, Nexstar Media Group, Republican Party, MSNBC, The Washington Free, CW, Nexstar Locations: Tuscaloosa, Ala, SiriusXM

☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ The way I'm thinking about stocks makes them winners no matter what the Fed or bonds do
▼ + stars: | 2023-09-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%. First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis. They think the fed funds rate will come down or the 20-year yield is already extended. Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course. I don't think so.

Persons: We've, Jerome Powell, Powell, It's, —, that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA

☆ As Hollywood strikes press on, Wall Street weighs in on the outlook for TV, streaming stocks
▼ + stars: | 2023-09-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

At the same time, legacy media companies face off against another well-known demon: cord-cutting. Technology companies such as Apple and Amazon can lean on their respective hardware and e-commerce businesses, said Paul Fanelli, a research analyst at Gabelli Funds. Even so, Wall Street sees only a handful of pure-play winners in the TV and streaming space winning consumer attention over the long run. Already, the technology companies have shown some promise. Consumers are increasingly forgoing pay TV packages from cable companies and opting for bundles from companies like Alphabet, he said.

Persons: Rosenblatt, Barton Crockett, It's, Netflix's, Ken Leon, Hollywood's, Leon, Jamie Lumley, Paul Fanelli, it's, Apple's, Amazon's, That's, Needham, Laura Martin, Martin, —, John Hodulik, CNBC's, bode, Crockett, NBCUniversal's Peacock, Brandon Nispel, Nispel, Disney's hasn't, Fanelli, that's Organizations: Netflix, Apple, Paramount, Sky, Third, Gabelli, Warner, UBS, ESPN, Fox, NFL, Hulu, YouTube, KeyBanc, Comcast, Disney, Warner Bros, Max, DIS, Rosenblatt, ABC, Nexstar, CNBC Locations: France, United Kingdom

CNN —DirecTV and Nexstar announced Monday that they had largely resolved a bitter carriage dispute that had left millions of the satellite carrier’s subscribers unable to access local television giant Nexstar’s large array of channels. The deal to end the blackout, which began in July and stretched for more than 75 days, comes one week after Disney and Charter also agreed to resolve a dispute that resulted in ABC-owned stations and ESPN being yanked from the cable provider’s lineup. While most of Nexstar’s stations will be covered under the new multi-year agreement, DirecTV said 27 stations controlled by Nexstar, but owned by another company, will not fall under the umbrella. DirecTV chief executive Bill Morrow alluded to the trend in a note to customers on Monday. “Unfortunately, over the past decade-plus access to your programming has become a battleground for networks and stations to try to drive up higher rates,” Morrow said.

Persons: Bill Morrow, “, ” Morrow Organizations: CNN, DirecTV, Nexstar, NFL, Disney, ABC, ESPN

☆ DirecTV to temporarily restore Nexstar-owned stations
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

A DirecTV satellite dish is seen on a residential home in Encinitas, California November 5, 2014. REUTERS/Mike Blake Acquire Licensing RightsSept 17 (Reuters) - DirecTV and Nexstar (NXST.O) have agreed to temporarily return the signals of the Nexstar-owned stations and national cable news network NewsNation to DirecTV, DirecTV Stream and U-verse, the companies said in a joint statement on Sunday. In July, satellite provider DirecTV removed TV station owner Nexstar's network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement. Nexstar, the largest local TV station owner in the U.S., had previously said that DirecTV rejected its offer to extend the current distribution agreement to Oct. 31, affecting its markets in Los Angeles, Chicago, Philadelphia, San Francisco and Denver. Reporting by Kanjyik Ghosh and Shivani Tanna in Bengaluru; Editing by Alex Richardson and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Kanjyik Ghosh, Alex Richardson, Jane Merriman Organizations: DirecTV, REUTERS, Nexstar, Thomson Locations: Encinitas , California, U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Bengaluru

☆ Disney asset sales won't break the bank, but they will move legacy media forward
▼ + stars: | 2023-09-17 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Disney 's motivation to potentially sell ABC and its owned affiliates, linear cable networks and a minority stake in ESPN isn't predicated on what these assets will fetch in a sale. It's about signaling to investors the time has come to stop thinking about Disney as old media. Rather, a sale of ABC and linear cable networks would be a message to the investment community: The era of traditional TV is over. "Disney almost has a good bank and a bad bank at this point," Wells Fargo analyst Steven Cahall said in a CNBC interview. Nexstar has held preliminary conversations with Disney to acquire ABC and its owned and operated affiliates, Bloomberg reported Thursday.

Persons: Walt Disney Company Bob Iger, Mickey Mouse, that's, Bob Iger, Wells, Steven Cahall, Disney, Byron Allen Organizations: Walt Disney Company, New York Stock Exchange, ABC, ESPN, Disney, CNBC, Nexstar, Bloomberg, . Media, Geographic Locations: New York City

The debate, which was hosted by Nexstar Media Group, Inc., aired on multiple Louisiana news stations including KLFY. While Wilson supports exceptions and a ballot initiative to allow citizens to vote on the abortion laws, he has previously stated he is pro-life. All candidates addressed the death of Greene, who was killed after being arrested by Louisiana State Police. Schroder and Landry have backgrounds in law enforcement and said they are willing to meet with the Greene family. While most of the night was spent on issues, some candidates took the opportunity to verbally spar with Landry, who skipped the first debate.

Persons: Jeff Landry, Black, Ronald Greene, Sen, Sharon Hewitt, Landry, Donald Trump, Hunter Lundy, Richard Nelson, John Schroder, Stephen Waguespack, Bobby Jindal, Shawn Wilson, Wilson, Nelson, “ It’s, ” Wilson, Greene, John Bel Edwards, Schroder, Alton Sterling, Lundy, Schroeder, ” Landry, Edwards Organizations: GOP, Republican, Transportation, Development Department, Democratic, Nexstar Media Group, Inc, Republicans, Democrat, Louisiana State Police, Authorities, Associated Press, ” Locations: BATON ROUGE, La, Louisiana, Lake Charles, Landry

☆ Cramer's week ahead: Pay attention to the Federal Reserve's meeting
▼ + stars: | 2023-09-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday gave investors tips for what to focus on during the coming week, highlighting the Federal Reserve's Wednesday decision on interest rate hikes for the rest of the year. Grocery-delivery company Instacart may also release initial public offering pricing Monday night, Cramer said, and Tuesday will bring an earnings report from AutoZone. "When there's a Fed meeting coming up in less than a week and nobody seems worried about it, maybe you want to brace yourself for a little turbulence," he said. On Thursday, Cramer will be looking at Olive Garden owner Darden 's earnings report, which may provide some clarity on whether consumers are spending money dining out. And Friday will mark a week since the United Auto Workers union went on strike against the country's primary automakers.

Persons: CNBC's Jim Cramer, We've, there's, Jay Powell, Cramer, Jerome Powell, I'm, Powell, General Mills, Darden, Shawn Fain Organizations: Disney, ESPN, ABC, Nexstar, AutoZone, FedEx, KB, Fed, Olive Garden, United Auto Workers Locations: Orlando , Florida, General

☆ Here's what we think about the big time buyout interest in Disney's ABC
▼ + stars: | 2023-09-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said the affected Bronco plant at Ford (F) is a blow but not as big as it could have been had F-150 facilities been targeted. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Ford, Bob Iger's, Byron Allen, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, United Auto Workers, Detroit, Bronco, Ford, Bank of America, Disney, ABC, Nexstar, Bloomberg Locations: U.S

☆ Disney holds preliminary talks with Nexstar on ABC sale -sources
▼ + stars: | 2023-09-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +1 min

Sept 14 (Reuters) - Walt Disney Co (DIS.N) has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc (NXST.O), people familiar with the matter said on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one of the sources said. Nexstar and Disney did not immediately respond to requests for comment. Disney's ABC comprises a national television network and eight regional stations. It also has affiliation agreements with about 240 local television stations reaching almost all U.S. television households.

Persons: Bob Iger, Michael Eisner, Dawan Chmielewski, Akash Sriram, Josie Kao Organizations: Walt Disney Co, U.S ., ABC, TV, Nexstar Media Group Inc, Disney, Nexstar, Bloomberg News, Capital Cities, Thomson Locations: Los Angeles, Bengaluru

☆ Bob Iger's grand plan for Disney is moving fast with reported talks to sell ABC
▼ + stars: | 2023-09-14 | by ( Madeline Berg | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Disney is in talks to sell ABC to Nexstar, Bloomberg first reported. But the reported talks are another sign that Iger means business when it comes to Disney's streaming future. The company's direct-to-consumer business reported a loss of $2.2 billion in the first nine months of the year — 12% less than during the same period last year. But even if he does sell ABC — and manages to get a good price for it, despite its ominous future — his challenges are far from over. AdvertisementAdvertisementSo, then, what does the deal to sell ABC mean?

Persons: Bob Iger's, Bob Iger, Iger, Peter Csathy, he's, ABC's, Brian Roberts, there's, it's Organizations: Disney, ABC, Nexstar, Bloomberg, Service, Nexstar Media Group, Walt Disney Company, CNN, ESPN, Hulu, Hollywood, Magic Locations: Wall, Silicon, Sun, Iger, Hulu —, Hollywood, Magic Kingdom

☆ ABC News staffers ‘freaking’ out over reports Disney is in talks to sell the outlet
▼ + stars: | 2023-09-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with Disney about a possible deal. “Everyone is freaking the f**k out,” one ABC News staffer bluntly told me about the state of affairs inside the network. Whether a deal to offload ABC and Disney’s linear stations is ultimately in the cards remains to be seen. “I’m ridiculously passionate about news,” Iger told senior company leaders.

Persons: Bloomberg’s Christopher Palmeri, Thomas Buckley, Byron Allen, ”, anxiousness, Will, Robert F, Kennedy Jr, Disney, Bob Iger’s, ABC News’ers, they’re, Iger —, ” Iger, “ Organizations: CNN, ABC News, Disney, Magic Kingdom, ABC, Nexstar Media Group, Nexstar, CW, ESPN, Bloomberg, CNBC, Sun Locations: New York City

☆ Diamond Sports calls in mediators as it pushes toward a reorganization plan
▼ + stars: | 2023-08-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

On Thursday, a bankruptcy judge approved Diamond's request to bring in mediators as it is negotiates with creditors to reach a reorganization plan. Two judges from the U.S. Bankruptcy Court in the Southern District of Texas — Judges David Jones and Marvin Isgur — will preside as mediators. Last week, Diamond won court approval to extend the period of time it has to come up with a reorganization plan. Diamond has until Sept. 30 to file a reorganization plan, weeks ahead of the opening of the 2023-24 NBA and NHL seasons. Besides shedding its hefty debt load, Diamond is looking to reset some of its rights deals with teams to reflect so-called market rates.

Persons: Christopher Lopez, David Jones, Marvin Isgur —, Diamond Organizations: Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports Group, NBA, NHL, U.S, Bankruptcy, Southern District of Texas, Diamond, Nexstar Media Group, Gray Television, Scripps Co, CNBC, Phoenix Suns Locations: Cleveland, America, Southern District

In this article SBGINXSTGTNSSP Follow your favorite stocks CREATE FREE ACCOUNTChristian Petersen | Getty Images Sport | Getty ImagesTensions are building among broadcast station owners and pay TV providers as the local rights to air NBA, NHL and MLB games go up for grabs. Pay-TV providers are also exploring alternatives to keep local games in the bundle. The NBA's Phoenix Suns and Utah Jazz recently reached deals to be be aired on local broadcast networks run by Gray and Sinclair, respectively. "The reality is that the issue people keep talking about is the rights fees. But the rights fees aren't necessarily the question," said Berke.

Persons: Christian Petersen, Sinclair, Diamond, Bill Morrow, RSNs, George Kubas, Lee Berke, There's, Gray, Brian Lawlor, Lawlor, Jeff Speer, —, Ion, Berke, David Peralta, Kole Calhoun, Starling Marte Organizations: Getty, NBA, NHL, MLB, Scripps Co, Gray Television, Nexstar Media Group, Diamond Sports Group, Warner Bros, Broadcasters, Comcast, Charter, DirecTV, Gray, Nexstar, Communications, Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Diamond, Phoenix Suns, Utah Jazz, Clipper, Las Vegas Golden Knights, NHL Stanley, Scripps, Scripps Sports, Knights, Warnes Bros, Vegas Golden Knights, Florida Panthers, Mobile, — ABC, NBC, CBS, Fox, CW Network, Nexstar's CW Network, ACC, Nascar, Suns, Arizona Diamondbacks, Oakland Athletics, Chase Field, The Diamondbacks Locations: Cleveland, Los Angeles, Las Vegas, Las Vegas , Nevada, Phoenix , Arizona

☆ DirecTV removes Nexstar's programming after failing to reach distribution agreement
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

July 2 (Reuters) - DirecTV removed TV station owner Nexstar Media Group's (NXST.O) network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday. "Nexstar continues to manipulate loopholes to exceed the 39% national ownership cap, and has made public statements lauding its 68% reach across all U.S. TV households," DirecTV said. Both companies added that they are in discussions to return Nexstar programming to DirecTV and are hopeful for a quick resolution. The lawsuit sought an order blocking Nexstar from allegedly colluding with Mission Broadcasting Inc and White Knight Broadcasting Inc in fee negotiations with DirecTV. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishabh, Rashmi Organizations: DirecTV, Nexstar Media, Sunday, Nexstar, ABC, CBS, NBC, FOX, CW, AT, Irving, Mission Broadcasting Inc, White Knight Broadcasting Inc, Thomson Locations: U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Texas, Bengaluru

☆ News directors at Michigan TV station ousted after telling staff to ‘get both sides’ of Pride coverage
▼ + stars: | 2023-06-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Two news directors at a Michigan NBC affiliate were ousted on Thursday following the circulation of an internal memo calling for scaled-back coverage of Pride Month events and directing the station’s journalists to “get both sides” on LGBTQ issues, a source with knowledge of the situation told CNN. “We need to recognize that some stories related to LGBTQ issues are going to be controversial and polarizing in our community,” the memo sent by Fox said. “While you personally may not agree with a certain position, people are entitled to their opinions and they are our viewers.”“If we are covering Pride events we need to consider how to make the story balanced and get both sides of the issue,” she added. The memo sparked fierce backlash from the newsroom’s staff, prompting the station’s owner, Texas-based Nexstar, to launch an investigation into the matter. “We are heartbroken to not be with our team today continuing the incredible legacy we have fought so hard for.”

Persons: “, Stanton Tang, Amy Fox, Fox, ”, Gary Weitman, ” Weitman, Luke Stier, Madeline Odle —, “ We’ve, Odle Organizations: New, New York CNN, Michigan NBC, CNN, Nexstar, Grand, Twitter Locations: New York, Grand Rapids, Texas

☆ You could be entitled to free cash if you used Google between 2006 and 2013—here's how to claim it
▼ + stars: | 2023-06-29 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You could be owed some cash if you are a U.S. resident who used Google search between Oct. 26, 2006 and Sept. 30, 2013. How to claim Google settlement moneyBefore you make a claim, you'll need to register a "class member ID" via the settlement administrator handling claims. Aside from providing contact details, including your home address, you'll need to attest that you used Google search between 2006 and 2013. You can claim money from Meta, tooA similar class-action settlement applies to U.S. residents who used Facebook between May 24, 2007 and Dec. 22, 2022. How to make your Facebook settlement claim

Persons: that's, you've, It's, Meta Organizations: Google, Meta, Facebook, Nexstar Media Group Locations: U.S

☆ Michigan TV news staff told to reduce Pride coverage and 'get both sides' of events, prompting investigation
▼ + stars: | 2023-06-16 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

“While you personally may not agree with a certain position, people are entitled to their opinions and they are our viewers.”“If we are covering Pride events we need to consider how to make the story balanced and get both sides of the issue,” she added. The memo came days after the station covered an inaugural Pride festival in the city of Grand Haven that drew thousands of attendees. A journalist at the station, who asked not to be identified, told CNN that several employees responded to the memo via email to voice their disapproval. “Our newsroom immediately stood up to the 2 managers who wrote a memo mandating that we cover ‘the other side’ of Pride events,” WOOD-TV anchor Michele DeSelms wrote on Twitter. “The only two people involved in its creation have been removed from any discussions surrounding @WOODTV Pride coverage as our corporation conducts a thorough investigation.”

Persons: “, ”, Amy Fox, ” Fox, Fox, Bud Light, Michele DeSelms, ” Luke Stier, Madeline Odle, ” Stier Organizations: New, New York CNN, Nexstar, PRIDE, CNN, NBC, Twitter Locations: New York, Michigan, Grand Rapids , Michigan, West Michigan, Grand Haven, ”

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