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☆ Dollar rises on robust U.S. economy, yuan sinks to 16-year low
▼ + stars: | 2023-09-07 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. China's onshore yuan slid to a 16-year low, under pressure from a property slump, weak consumer spending and shrinking credit growth in the world's second-largest economy. ONSHORE YUAN HIT 2007 LEVELSThe onshore yuan sank to 7.3296 per dollar, its weakest since December 2007. The Australian dollar was about flat at $0.6384, while the New Zealand dollar rose 0.3% at $0.5885, with both languishing near their recent 10-month lows. “We see yuan staying under pressure (against the dollar) in the near term," said Becky Liu, head of China macro strategy at Standard Chartered Bank.

Persons: Florence Lo, Kirstine Kundby, Joseph Capurso, Becky Liu, BoE, Andrew Bailey, Joice Alves, Rae Wee, Zhou, Sharon Singleton, Chizu Organizations: U.S, REUTERS, U.S ., Nielsen, Danske Bank, Federal Reserve, Commonwealth Bank of Australia, New Zealand, Standard Chartered Bank, People's Bank of China, European Central Bank, Bank of England, Thomson Locations: U.S, China, Beijing, China's, Japan, Asia, Bank

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The greenback scaled a fresh top of 147.875 yen in early Asia trade, its highest since last November. "Stronger-than-expected ISM services reaffirmed the U.S. outperformance narrative, adding broad support to the U.S. dollar," said Kirstine Kundby-Nielsen, analyst at Danske Bank. The onshore yuan slid to a fresh 10-month low of 7.3270 per dollar, not far from hitting a 16-year low. The Australian dollar was about flat at $0.6386, while the New Zealand dollar was up 0.2% at $0.5881, with both languishing near their recent 10-month lows.

Persons: Florence Lo, Kirstine Kundby, Joseph Capurso, Matt Simpson, Sterling, BoE, Andrew Bailey, Joice Alves, Rae Wee, Sharon Singleton Organizations: U.S, REUTERS, U.S ., Nielsen, Danske Bank, Federal Reserve, Commonwealth Bank of Australia, New Zealand, Index, Bank of England, European Central Bank, Thomson Locations: SINGAPORE, U.S, Asia, China's, Beijing, China, Bank, Japan, London, Singapore

☆ Nielsen Won’t Incorporate Amazon’s Data on ‘Thursday Night Football’ Viewership
▼ + stars: | 2023-09-07 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/nielsen-wont-incorporate-amazons-data-on-thursday-night-football-viewership-38d658e5

Persons: Dow Jones, nielsen

☆ Reruns and reality fill out strike-struck fall TV season
▼ + stars: | 2023-09-07 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

REUTERS/Todd Korol/File Photo Acquire Licensing RightsLOS ANGELES, Sept 7 (Reuters) - Broadcast television networks kick off the fall TV season this month with strike-depleted lineups featuring game shows, reruns and a 72-year-old widower looking for love in the reality TV dating pool. The fall season has been a staple of American TV for decades, the time to roll out the best that broadcast TV has to offer. New episodes of scripted shows will be in much shorter supply. ABC's hit comedy "Abbott Elementary," Paramount Network's top-rated drama "Yellowstone" and NBC's long-running crime series "Law & Order" will show reruns. It’s time for Sad TV Fall," the Los Angeles Times wrote.

Persons: Kevin Costner, Todd Korol, Gordon Ramsay, Brad Adgate, ABC's, Abbott, We've, Dan Harrison, Guy, Steve Kern, Kern, Dick Wolf's, Frasier, Kelsey Grammer, Lisa Richwine, Mary Milliken, Jonathan Oatis Organizations: Calgary Stampede, REUTERS, Fox, CBS, Networks, Hollywood, Actors, Paramount, Walt Disney, Hot Labor, Sad, Los Angeles Times, Nielsen, ABC, Disney, Charter Communications, Fox Entertainment, NBC, NBC Entertainment, Paramount Global, Paramount Network, Netflix, Apple, Thomson Locations: Calgary , Alberta, Canada, Midwestern, U.S, Chicago, Sydney

NEW YORK (AP) — Two cable news personalities from the complete opposite ends of the political spectrum — Mark Levin and Jen Psaki — are increasing their presence on television. Psaki, former press secretary to President Joe Biden and current MSNBC host, is moving into prime-time for one night a week. Since switching to media, her Sunday afternoon show “Inside with Jen Psaki” has proven to be successful for the network. Levin, the radio talk host whose TV show “Life, Liberty & Levin” airs Sunday nights on Fox News Channel, will have an additional weekend hour on Saturdays, Fox said. In addition to his Fox duty, Levin hosts a syndicated weekday radio show that is heard on some 300 stations.

Persons: Mark Levin, Jen Psaki —, Joe Biden, Jen Psaki ”, Chris Hayes, She'll, Rachel Maddow, Levin, Levin ”, Fox Organizations: MSNBC, Liberty, Fox News Channel, Nielsen

It forecasts that Britain, with a 2030 fossil-fuel car sale ban, could be short 25,000 EV technicians by 2032. And Australia could be 9,000 EV technicians short by 2030, the Victorian Automotive Chamber of Commerce predicts. CEO Lawrence Whittaker said Warrantywise must use expensive franchise dealers to fix EVs because they more often have qualified technicians than independent shops. Customers lacking EV repair options already come from far afield. The IMI estimates 20% of UK automotive technicians have received some EV training, but only 1% are qualified to do more than routine maintenance.

Persons: Rex Nielsen, Mark Syvret, Renault Zoe, Nick Carey, Roberto Petrilli, Lawrence Whittaker, Warrantywise, Mark Darvill, Darvill, Hillclimb's, Addison Lee, Andrew Wescott, Tesla, Daniel Brown, Germany's Lucas, David Etzwiler, Etzwiler, Collin Jennings, Jennings, Steve Nash, Nicholas Wyman, you'll, Aurora Ellis Organizations: Renault, REUTERS, EV, Motor Industry, of Labor Statistics, Victorian Automotive Chamber, Commerce, Auto, Reuters, UK, Tesla, IMI, Siemens Foundation, Traders ' Association of New, MTA NSW, U.S . Institute, Workplace, Thomson Locations: Ash Vale, Britain, DETROIT, MILAN, England, Milan, Melbourne, Malibu, Italy, Hertford, China, India, Europe, United States, Australia, High Wycombe, London, Traders ' Association of New South Wales, NSW

☆ Bob Iger's latest headache is Disney's battle with 'cable cowboy' John Malone
▼ + stars: | 2023-09-03 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Disney's Bob Iger is going head-to-head with "cable cowboy" John Malone in a tussle about payments. AdvertisementAdvertisementWriters and actors are on strike, his streaming platform is losing buckets of cash, and now Disney CEO Bob Iger has another headache to contend with — a battle with the "cable cowboy" John Malone. Advertisement Advertisement Watch: I quit cable for DirecTV Now and it's saving me over $1,000 a year — here's how I did itThe cable operator claims the demands are unrealistic amid "significant viewership declines" across Disney's channels. ESPN has been one of the few cable channels to swim against the tide and even managed to increase its audience by 12% last year, per Nielsen data viewed by the Los Angeles Times . AdvertisementAdvertisementCharter has threatened to permanently bar all Disney's channels from its service but Iger is not backing down either.

Persons: Bob Iger, John Malone, Iger, —, Disney, Malone, There's, didn't Organizations: Charter Communications, Disney, Morning, Communications, DirecTV, FX, ESPN, US, New York Times, Nielsen, Los Angeles Times, NY Times, Disney Channel, Charter

☆ A mysterious Arctic shark that can live for 500 years got lost and ended up swimming in the balmy waters of the Caribbean, scientists say
▼ + stars: | 2023-09-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

A shark was found in the Caribbean — thousands of miles away from its usual habitat in the Arctic. The Greenland shark, which has a lifespan of 250 – 500 years, surprised researchers in Belize. When they retrieved their scientific catch, they were astonished to find the ancient Greenland shark. Greenland sharks are primarily scavengers, eating everything (dead or alive), including fish, seals, polar bears, and whales. AdvertisementAdvertisementAccording to a 2016 study, Greenland sharks don't reach sexual maturity until they are at least 134 years old.

Persons: Hector Daniel Martinez, Demian Chapman, they're, Julius Nielsen Organizations: Service, Florida, Mashable, National Ocean Service, Caribbean, Sharks, Rays Conservation Research, Mote Marine Laboratory, Aquarium, New Locations: Caribbean, Belize, Wall, Silicon, Greenland, Baffin, Nova Scotia, Svalbard, Norway

☆ Warner Bros Discovery taps media veteran Thompson as CEO of CNN
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert." "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.

Persons: Alyssa Pointer, Mark Thompson, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, CNN Max, Aditya Soni, Shinjini Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, CNN, New York Times, BBC, Republican U.S, Times, Warner Bros, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States

☆ CNN taps media veteran Thompson as CEO to spearhead turnaround
▼ + stars: | 2023-08-30 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

With Thompson, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert" and MSNBC's "Morning Joe". During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.

Persons: Mark Thompson, Neil Hall, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, Joe Biden, Ron Desantis, CNN Max, Paolo Pescatore, Licht, Jeff Zucker, Aditya Soni, Chavi Mehta, Shinjini Organizations: BBC, REUTERS, Warner Bros Discovery, CNN, New York Times, Republican U.S, Times, Trump, Democratic, Warner Bros, Atlantic, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: London, Florida, Trump, United States, Bengaluru

Retail pasta prices rose about 12% this year in Europe and 8% in the United States, according to market research firm Nielsen. CANADA DRYWhen the Prairies turned dry this summer, Canadian farmer Darold Niwa saw hopes of a bumper durum harvest dashed. Durum, the hardest wheat, produces pasta with the prized "al dente" firm texture, unlike soft wheat. In the meantime, Vincenzo Martinelli, president of the durum section of Italian millers association Italmopa, nervously awaits the outcome of the Canadian harvest. "Without Canada, prices will only go up," he said.

Persons: De, Continental Noodles, Vincent Liberatore, Liberatore, Darold Niwa, Jerry Klassen, Philip Werle, There's, Severine, Maisons, Vincenzo Martinelli, Gus Trompiz, Rod Nickel, Emilio Parodi, Ceyda, Julie Ingwersen, Michael Hogan, Caroline Stauffer, David Gregorio Our Organizations: Foods, Nielsen, Grains, CANADA, Prairies, Statistics, Traders, Northstar, European Union, Thomson Locations: Fara San Martino, Italy, PARIS, WINNIPEG , Manitoba, Canada, Turkey, Toronto, Continental, Spain, India, Europe, United States, Oyen , Alberta, durum, Statistics Canada, France, Algeria, TURKEY, Turkish, American, Russia, North Africa, Milan, Ceyda Caglayan, Istanbul, Chicago, Hamburg

REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ G.O.P. Debate Draws 12.8 Million Viewers
▼ + stars: | 2023-08-24 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

The first Republican debate on Wednesday night drew an audience of 12.8 million viewers, according to Nielsen, indicating robust interest despite the absence of former President Donald J. Trump, the front-runner in the race. The viewership figure, which includes totals from both Fox News (11.1 million viewers) and the Fox Business Network (1.7 million), was significantly higher than anything else on television on Wednesday night, and outperformed the broadcast network totals combined. It was also the most-watched cable telecast of the year outside of sports, surpassing an episode of Paramount’s “Yellowstone,” which had 8.2 million viewers, according to Nielsen. The audience total, however, is a far cry from the record 24 million viewers who tuned in to Fox News for the opening Republican debate in the 2016 election cycle, which featured Mr. Trump on a debate stage for the first time. Nor did it reach the 18.1 million who watched one of the early Democratic debates in June 2019.

Persons: Donald J, Trump Organizations: Republican, Nielsen, Fox News, Fox Business Network Locations: ”

☆ Fox News GOP debate averages 12.8 million viewers without Trump, indicating strong interest in rest of the Republican field
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

The viewership data, provided by Nielsen Media Research, indicated that 11.1 million viewers tuned into the flagship Fox News for the debate, with 1.7 million watching on sister channel Fox Business. It’s likely that if Trump were to have appeared at the debate, the ratings would have been even higher. His July town hall on Fox News hosted by the right-wing propagandist Sean Hannity averaged only 2.9 million viewers. During the 11 p.m. hour, the program averaged 4.4 million viewers and 886,000 viewers in the 25-54 demographic. From 11 p.m. to 1 a.m., MSNBC averaged 2.1 million total viewers and 257,000 in the key demographic.

Persons: Donald Trump, Trump, Megyn Kelly, It’s, Sean Hannity, Hannity, Tucker Carlson, Nielsen Organizations: CNN, Republican, Fox News, GOP, Trump, Nielsen Media Research, Fox, MSNBC, Nielsen

☆ CNN is launching a live service on Max with new programming as the network reboots its streaming efforts
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —CNN is heading to the Max streaming platform. Under previous leadership, CNN launched the standalone streaming service CNN+, which former executives touted as one of the most important moves in the network’s four-decade history. Warner Bros. CNN Max represents a path forward into the future, while also being more aligned with Warner Bros. Discovery’s vision. Discovery said that CNN Max will be available across all its various subscription packages, including its advertiser-supported plans.

Persons: CNN Max, Jake Tapper, ”, “ Anderson Cooper, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield ”, Jim Sciutto, “ Stanley Tucci, Italy ”, “ Anthony Bourdain, Anderson Cooper ”, Chris Wallace, —, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling —, Audie Cornish, David Zaslav, Max, Zaslav, ” JB Perrette, Warner Organizations: New, New York CNN, CNN, Max, Warner Bros ., Warner Bros . Discovery, “ CNN, Nielsen, Warner Bros, HBO, Discovery, CNN International, Netflix, Turner Sports Locations: New York, United States, Italy

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsAug 24 (Reuters) - Warner Bros Discovery (WBD.O) said on Thursday it was adding a new offering to its Max streaming platform, a round-the-clock news service called CNN Max, in the United States on Sept. 27. CNN Max will leverage the news network's global reporting resources, and will also offer new original programs, such as "CNN Newsroom with Jim Acosta, Rahel Solomon, Amara Walker and Fredricka Whitfield," Warner Bros Discovery said in a statement. It will function like a channel within the Max streaming platform. CNN Max will seek to capitalize on the immediacy of breaking news and analysis, differentiating CNN Max from the short-lived CNN+ streaming service, which launched in March 2022 and featured lifestyle programs. CNN's parent, Warner Bros Discovery, has been working to increase how much time subscribers spend on its Max streaming service, augmenting its HBO scripted series with Discovery's reality shows to keep viewers watching.

Persons: Alyssa Pointer, CNN Max, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield, Axios, CNN's, Max, Anthony Bourdain, Stanley Tucci, Yuvraj Malik, Dawn Chmielewski, Helen Coster, Anil D'Silva, Chizu Nomiyama, Jonathan Oatis, Will Dunham Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, CNN, Max, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States, Italy, Bengaluru, Dawn, Los Angeles, New York

☆ Nielsen Plans to Incorporate Amazon’s Data on ‘Thursday Night Football’ Viewership
▼ + stars: | 2023-08-23 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/nielsen-plans-to-incorporate-amazons-data-on-thursday-night-football-viewership-b5c90fca

Persons: Dow Jones Organizations: nielsen

☆ The world's worst traffic jam isn't on any road — it's at one of the most important shipping routes where ships are paying upto 3x fare just to get across
▼ + stars: | 2023-08-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Over 200 ships are currently stuck in a massive traffic jam in the Panama Canal. The US is the largest user of the Panama Canal, so the bottleneck could hit holiday shipping. AdvertisementAdvertisementThe world's worst traffic jam is at the Panama Canal, where hundreds of massive ships are stuck due to a serious drought that reduced water levels. The traffic jam is so bad that ships have paid multiple times the toll to pass through. AdvertisementAdvertisementThe US is also the largest user of the Panama Canal, accounting for 70% of the waterway's traffic, per Container xChange.

Persons: Lars Oestergaard Nielsen, Maersk's, Insider's Rebecca Cohen Organizations: Morning, Wall, Bloomberg, Clarksons Research Services, Reuters, Panama Canal Authority, Maersk Locations: Panama, Americas, project44, Gulf, East Coast

☆ Sorry, you're going to pay even more for streaming TV soon. Here are the services most likely to raise prices again.
▼ + stars: | 2023-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Netflix, Disney, and other video streaming providers have raised prices a lot in the past year. The analysis predicts which streaming subscription services are likely to raise prices again soon. The Bernstein sales specialist also fired up an interesting analysis, using Nielsen data and other industry stats, that shows which streaming services are mostly likely to raise prices again. In other words, you're probably going to pay more for Netflix, Hulu, and Peacock before too long. However, over a longer period, it usually takes a consistent supply of solid hits to drive repeat viewing habits that support higher prices, Schilsky explained.

Persons: they're, Jerome Powell shudder, We'll, Mark Schilsky, Max, Peacock, Schilsky, haven't, Bob Iger, Bernstein, Mark Organizations: Netflix, Disney, Bernstein Research, Wall, Hulu, Paramount, Apple, Nielsen, Bernstein Locations: That's

☆ Even with price hikes for Netflix and Disney+, streaming is still a cheap deal and way better than cable TV
▼ + stars: | 2023-08-22 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

But streaming TV is still a good deal. I wrote in May about why a wave of price hikes for ad-free streaming services was on the horizon. AdvertisementAdvertisementWhat's really coming to an end right now is not the end of cheap streaming but the end of cheap ad-free streaming. That's why cable TV mostly has ads (with some add-on exceptions like HBO and other premium cable channels). "Streamflation" is a drag, but I'm not pining for the cable bundle — and I doubt other cord-cutters are either.

Persons: I'd, It's, Ted Lasso Organizations: Disney, Netflix, Financial Times, Nielsen, Hulu, Free, Paramount, Apple

☆ Major shipping routes are struggling with water shortages. El Niño could make it worse
▼ + stars: | 2023-08-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023. Luis Acosta | Afp | Getty ImagesAn increasing number of climate-driven extreme weather events is taking its toll on the world's major shipping routes — and El Niño could make matters worse. In drought-stricken Panama, low water levels have prompted the Central American country to reduce the number of vessels that pass through the critically important Panama Canal. The Panama Canal Authority, which manages the waterway, said earlier this month that the measures were necessary because of "unprecedented challenges." "Right now, we do not see that filling up of the water levels that a normal year would bring around.

Persons: Luis Acosta, El Niño, El, Peter Sands, Sands, Lars Ostergaard Nielsen, Moller, Balint Porneczi, Nielsen Organizations: Afp, Getty, Central, Atlantic, Panama Canal Authority, CNBC, Analysts, Planet Labs PBC, El, Maersk, Bloomberg, Palatinate . Locations: Panama, Panama City, Central American, Suez, Europe, Asia, Pacific, Germany, Rotterdam, Bacharach, Rhineland, Palatinate, Frankfurt

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ How Modelo dethroned Bud Light to become the top-selling U.S. beer
▼ + stars: | 2023-08-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +4 min

1 beer in America due to a competitor's moves is not accurate," said Jim Sabia, executive vice president and managing director of Constellation Brands ' beer division. Bud Light's sales slump changed that. The data shows that on the four weeks ended on May 20, Modelo's share of total beer sales grew to 10.7%, while Bud Light's fell to 9.6%. "Modelo has been on a rise and Bud Light's been on a decline as we've seen overall shifts in the beer market in the last 10 years." But when it comes to success in the Mexican beer market, Constellation is relatively untouchable.

Persons: Jim Sabia, We've, Sabia, Bud Light's, Bud Light, influencer Dylan Mulvaney, Bart Watson, Gerald Pascarelli, There's, Greg Gallagher, we've Organizations: Modelo Especial's U.S, Constellation Brands, Modelo, Modelo Especial, Nielsen, Wedbush Securities, Anheuser, Busch InBev, Brewers Association, Beer Institute Locations: America, U.S, Corona, Pacifico, Mexico, United States, Circana

☆ Cable and broadcast TV viewing falls below 50% for the first time
▼ + stars: | 2023-08-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

In July, linear TV made up less than half of all TV viewing, according to Nielsen. Both broadcast and cable “each represented record low shares” of total viewership, the firm’s report said, making up just 49.6% combined. Meanwhile streaming services, such as Netflix and YouTube, grew last month to a record high of 38.7% of all total TV watching. Broadcast viewership dropped 3.6% in July, making up just 20% of all TV viewership, and cable viewing dropped 2.9%, making up 29.6%. Year-over-year, broadcast viewership slid 5.4% and cable TV dropped 12.5%.

Persons: Nielsen, Meghan Markle, Peacock Organizations: New, New York CNN, Nielsen, Netflix, YouTube, Amazon Prime, Hulu, Disney, Entertainment, CNN, Warner Bros, Paramount Locations: New York

☆ Traditional TV usage drops below 50% for first time ever
▼ + stars: | 2023-08-15 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The decline of traditional TV continues, even as the prices of streaming services rise. Total traditional TV usage — comprised of broadcast and pay-TV — dropped below 50% in July for the first time ever, according to Nielsen's monthly streaming report, The Gauge. Usage among pay-TV customers fell to 29.6% of TV, while broadcast dropped to a 20% share during the month. Many consumers left the traditional TV bundle due to its steep prices. Lackluster streaming subscriber growth hasn't helped much in their bid for profitability, Macquarie noted in its report.

Persons: —, Nielsen's, Tim Nollen, Max, Comcast's Peacock, Macquarie Organizations: Comcast Corp, Charter Communications, Comcast, Charter, Macquarie, Macquarie ., Nielsen, Netflix, Disney, Hulu, ESPN, Warner Bros, Warner Bros . Discovery, Paramount Locations: Macquarie

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