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☆ 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, ”

☆ PGA Tour, LIV merger may lead to higher viewers and costs for golf sponsors
▼ + stars: | 2023-06-07 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

The move ends a bitter legal battle between the organizations that has split the golf world and its top players. The organizations said on Tuesday they will work to allow a process for LIV Golf players to reapply for membership on the PGA Tour and DP World Tour. The potential for top players to compete on other tour events will help boost ratings, experts said. It is unclear how broadcasting rights for the TV networks that sell commercial time during golf events could change in the long term. The CW network, which airs LIV Golf in the U.S., said there is no change to the event schedule in 2023, while NBC Sports, which airs some PGA Tour events, said it was still learning about the announcement.

Persons: LIV, Paul Childs, Neal Pilson, I've, Michael Goldman, LIV Golf, Patrick Rishe, St . Louis, Pilson, Jamal Khashoggi, Goldman, Sheila Dang, Dawn Chmielewski, Lisa Richwine, Matthew Lewis Organizations: Centurion Club, LIV Golf, REUTERS, PGA, Pilson Communications, CBS Sports, National Golf Foundation, CBS, CW, LIV, NBC Sports, Nexstar Media Group, Comcast, University of San, Washington University, Brands, Public Investment Fund, Saudi, Washington Post, Thomson Locations: Hemel Hempstead, St Albans, Britain, Saudi, United States, U.S, University of San Francisco, St ., Saudi Arabia, Dallas, Los Angeles

☆ PGA Tour agrees to merge with Saudi-backed rival LIV Golf
▼ + stars: | 2023-06-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +13 min

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward. PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other "inside the ropes" responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.

Persons: LIV, LIV didn't, Yasir Al, Rumayyan, Jay Monahan, PIF, CNBC'S David Faber, LIV Golf, Brooks Koepka, Phil Mickelson, Bubba Watson, Monahan, Team Captain Brooks Koepka, Ricky Elliott, Osama Bin Laden, Donald Trump, nobody's, Trump, CNBC's David Faber, Jessica Golden, Kevin Durant, James Pitaro, LIV –, we've, Jay, Keith, Ed Herlihy, Herlihy, Jimmy Dunne, Keith Pelley Organizations: Nexstar, Nexstar Media Group, CW Network, CW, Wrestling, Endeavor Group, PGA Tour, CNBC, Saudi Arabia Public Investment Fund, PGA, European PGA, U.S, Team, Royal Greens, & Country Club, King Abdullah Economic, Saudi, CBS Sports, LIV, ESPN, Public Investment Fund, Al, Rumayyan, Strategic Alliance Locations: U.S, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, Los Angeles, RIYADH, PONTE, BEACH , Florida

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ A SkyWest flight attendant burst into tears after arguing with a colleague over a seat change, then both stormed off the plane, report says
▼ + stars: | 2023-03-16 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A SkyWest flight from Houston to LA was delayed after two flight attendants deplaned, per The Hill. A passenger on the flight said the crew members had an argument, causing one to burst into tears. The passenger was ESPN anchor Ashley Brewer, who said the male flight attendant approved the seat change, while the female flight attendant said it wasn't allowed under the airline's policy, per The Hill. The male flight attendant started to yell and the female flight attendant burst into tears and ran to the front of the plane, Brewer said, per The Hill. SkyWest did not immediately respond to Insider's request for comment, but in a statement provided to Nexstar Media Group, which publishes The Hill, it said that it was aware of reports regarding a "flight attendant issue."

☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
▼ + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +13 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."

March 14 (Reuters) - Satellite provider DirecTV on Tuesday sued Nexstar Media Group Inc (NXST.O) and two other television station owners in Manhattan federal court, claiming they violated antitrust law by scheming to drive up retransmission fees for stations broadcasting the four major networks. Pay-TV providers pay retransmission fees to station owners to broadcast their content. Twenty-seven stations owned by Mission and White Knight have been unavailable for DirecTV customers since October 2022 after they failed to agree on retransmission fees. Nexstar is expected to renegotiate its retransmission agreements with DirecTV, which is 70% owned by AT&T, possibly by later this year. The lawsuit said that by conspiring to set retransmission fees, the station groups forced providers and their customers "to pay supracompetitive prices or lose access to the most popular broadcast television programming."

☆ LIV ratings trail rival PGA Tour in first CW Network broadcasts
▼ + stars: | 2023-02-28 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

LIV Golf did not immediately respond to a request for comment. LIV Golf is the first sport to broadcast on the CW Network, after the two parties agreed a multi-year deal in January. Perry Sook, the chairman and CEO of CW Network parent company Nexstar, said on Tuesday's earnings call that the three-day tournament was viewed by more than 1.4 million across the network and its digital platform. "We're very pleased with our first weekend of LIV Golf," said Sook. Bankrolled by Saudi Arabia’s Public Investment Fund, LIV Golf attracted some of the sport's biggest names with the promise of supersize paydays and a truncated schedule.

☆ LIV Golf Reaches Deal to Broadcast Events on CW Network
▼ + stars: | 2023-01-19 | by ( Joe Flint | Andrew Beaton | ) www.wsj.com time to read: 1 min

LIV Golf, the controversial Saudi-funded golf tour that launched last year and has signed stars such as Phil Mickelson and Dustin Johnson, finally has a television home in the United States. Nexstar Media Group Inc. said it reached a multiyear deal with LIV Golf to broadcast the league on its CW Network, the broadcast network it acquired majority control of last year.

☆ LIV Golf reaches broadcast rights deal with CW Network
▼ + stars: | 2023-01-19 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

Signage on a golf ball at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. LIV Golf reached a multi-year deal to make CW Network the exclusive U.S. broadcast partner of the Saudi-funded professional golf tour that launched last year with dozens of golfers, including Phil Mickelson and Bubba Watson. CW Network President Dennis Miller in a press release said the partnership "marks a significant milestone in our goal to re-engineer the network." As its name suggests, LIV Golf tournaments feature 54 holes instead of the more common 72. The PGA Tour previously suspended 17 players for playing in the inaugural LIV Golf tournament in June, which LIV called an "effort to stifle competition."

☆ How Scripps News, the streaming and broadcast network formerly known as Newsy, is pivoting to anti-partisan, 'fact-based' reporting
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Streaming and broadcast news network Newsy has been rebranded as Scripps News. The network formerly known as Newsy has a presence on TV stations owned by Scripps and its ION Media stations and is accessible via free over-the-air digital antenna and several streaming platforms — including Roku, Amazon Fire and Apple TV. The company, which pulled Newsy from cable packages in 2021, boasts that Scripps News offers the only free 24/7 national news broadcast. Scripps News is also absorbing scores of executives from a national desk that fed the company's 61 local stations. Its local stations pulled in $208 million in ad revenue thanks to the midterm elections.

☆ No more Newsy: The streaming and broadcast network rebrands as Scripps News under Warren Buffett-backed E.W. Scripps
▼ + stars: | 2022-12-31 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Streaming and broadcast news network Newsy is being scrapped and rebranded as Scripps News. Parent company E.W. Bellini is a San Francisco-based reporter for Newsy, the 14-year-old streaming news platform owned by E.W. Scripps News is also absorbing scores of executives from a national desk that fed the company's 61 local stations. Its local stations pulled in $208 million in ad revenue thanks to the midterm elections.

☆ 2022 was tough for media stocks like Netflix and Disney, and 2023 doesn't look good, either
▼ + stars: | 2022-12-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

On top of that, companies are contending with lower ad revenue and more cord cutting. Tightening ad marketOn top of this, the ad market has worsened. Paramount missed third-quarter estimates after its ad revenue dropped, with its stock hitting a low in the following days. "We also anticipate that advertising streaming will become more important in the year to come," Solomon Partners' Boidman said. For media companies like Comcast and Charter Communications , lagging subscriber growth on the broadband front, rather than the pay-TV business, weighed more significantly on their stocks.

A one-way flight from Washington, D.C., to Los Angeles International Airport leaving Thursday starts at $1,527. After her original flight was canceled, she was able to rebook another flight on Southwest leaving later in the week, but she had a feeling that the flight would be canceled, too. So she decided to book an additional flight on American Airlines for more than $900, she said. Durham, who vented her frustrations Monday on Twitter, said an American Airlines representative responded by noting that "fares are up to some destinations." An American Airlines representative pointed NBC News to a tweet buried in response to a user saying selected cities would see price caps.

☆ CBS-owned stations added to free, rapidly growing local news streaming service VUit
▼ + stars: | 2022-12-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

He added: "It's a double-edged sword when making the transition to the [streaming] TV world." TV and streaming services are crawling all over each other for more content that retains viewers. Some companies like Sinclair have created their own free streaming services, and many affiliates use their websites and build their own apps to offer newscasts. VUit aims to work with CBS's local stations to boost their hyperlocal events on the platform and attract more eyeballs. A recent Iceman Challenge mountain bike race in Traverse City, Michigan, available only from local station WWTV on VUit's platform, garnered thousands of viewers.

Oz, Fetterman disagree on student debt cancelation Both candidates were asked how they would address the cost of higher education, but neither provided a concrete plan. Instead, Fetterman and Oz made clear their differing views on President Biden's plan to cancel up to $20,000 in federal student debt. Share this -Link copiedFetterman calls Oz a liar and talks up stroke recovery Fetterman was asked about his qualifications for office to open the debate. Share this -Link copiedMeanwhile in N.Y.: Hochul, Zeldin clash in feisty governor's debate As the Pennsylvania Senate candidates get ready for debate, the New York gubernatorial debate is already well underway. Share this -Link copiedPa. Senate independent candidate drops out, endorses Fetterman Everett Stern, an independent write-in candidate in the Pennsylvania Senate race, announced Tuesday that he’s dropping out and endorsing Democrat John Fetterman.

☆ Illinois Gov. Pritzker, GOP challenger Bailey focus on crime during debate
▼ + stars: | 2022-10-19 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

“It’s a mess.”Despite talking over each other regularly, neither Pritzker nor the moderators pressed Bailey on that statement. Pritzker’s extreme policies are destroying the city,” Bailey said. Pritzker, it’s time for him to own it.”Pritzker blamed the Covid-19 pandemic for a rise in crime in Chicago and nationally. At the end of the Sept. 30 quarterly reporting period, Pritzker had $42.3 million on hand after raising $80.8 million during the period and spending $38.5 million. “He’s too conservative for Illinois,” Pritzker said.

A Los Angeles television station parted with a popular anchorman after he went on air to criticize management's handling of a colleague's departure, officials said Friday. What the viewers experienced was rude, it was cruel, it was inappropriate and we are so sorry," Mester told viewers in an emotional nearly four-minute testament to his former co-worker. "I also want to say sorry to Lynette Romero. "After 24 years, Lynette Romero has decided to move on from anchoring our weekend morning news. KTLA did not say if Romero had secured another job, and she could not be reached for comment on Friday.

☆ Warner Bros. Discovery CEO David Zaslav faces 3 key challenges as financial headwinds disrupt his strategy and threaten his promises to Wall Street
▼ + stars: | 2022-09-22 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +12 min

MoffettNathanson analyst Robert Fishman crystallized the daunting task ahead for Zaslav and WBD in his August 5 report "Reality First. The honeymoon was short-lived," said one senior Hollywood insider. It turns out there are five, housing some 40,000 employees globally: Warner Bros., HBO Max, the Turner entertainment channel business, CNN, and Discovery. The WBD insider said there isn't a rush to hire a new chief and that the company will continue to meet people. Under the ownership of AT&T, WarnerMedia's financials were buried in its parent's spreadsheets — now as a pure-play entertainment company, Warner Bros.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

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