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Disney starts drafting broadcast TV’s grand finale
  + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com   time to read: +9 min
It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.
Persons: Walt Disney, Bob Iger, , Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States
They are likely to pose another challenge for the administration, which has dispatched several top officials to China in recent weeks to try to stabilize economic ties. But while Washington may see a relationship with China as a necessary evil, officials at the state and local levels appear determined to try to sever their economic relationship with America’s third-largest trading partner. “The shift that we have seen to the states is relatively recent, but it’s gaining strength.”One of the biggest targets has been Chinese landownership, despite the fact that China owns less than 400,000 acres in the United States, according to the Agriculture Department. The Committee on Foreign Investment in the United States, a powerful interagency group known as CFIUS that can halt international business transactions, reviewed the proposal but ultimately decided that it did not have the jurisdiction to block the plan. However, the Air Force, citing the mill’s proximity to a U.S. military base, said this year that China’s involvement was a national security risk, and local officials scuttled the project.
Persons: , Mario Mancuso, Kirkland & Ellis Organizations: Kirkland &, Agriculture Department, Fufeng USA, Foreign Investment, Air Force Locations: China, United States, Washington, American, Grand Forks, N.D, U.S
This year's Cannes Lions ad festival is taking place as advertisers are reeling from major shifts. The Cannes Lions organizers said that none of the three execs have been confirmed as speakers. Generative AI must boost creativity without stealing jobsThe rapid rise of generative AI took the advertising and media worlds by storm. Attendees will also have the opportunity to hobnob with the company that kicked off the generative AI storm last November. Simon Cook, Cannes Lions CEO, told Insider that top executives from ChatGPT developer OpenAI like chief operating officer Brad Lightcap will attend the festival.
Persons: Twitter's Elon Musk, Linda Yaccarino, Oliver Schusser, Michael Kassan, he's, execs, Bud Light, influencer Dylan Mulvaney, Bud, Busch, Fura, Leslie Klein, Sir Martin Sorrell, David Droga, Nick Law, Simon Cook, Brad Lightcap, Huge's, Elon Musk, Ben Hovaness, They've, Jon Williams, Akram Chetibi, Craig Atkinson Organizations: Cannes Lions, Apple, Twitter, Netflix, Hollywood, UTA, Target, Bud Light, Anheuser, Busch, Accenture, Cannes, Apple News, Carlton Hotel, Omnicom Media, Amazon Web Locations: Cannes
May 19 (Reuters) - Top advertising agency GroupM has told its clients that it no longer considers Twitter "high-risk" and is "cautiously optimistic" about the appointment of Linda Yaccarino as its new chief, the Financial Times reported on Friday. Yaccarino will take over the social media platform beset with challenges and a heavy debt load, after she spent several years modernizing the advertising business at NBCUniversal. WPP-owned GroupM had last year labelled Twitter as a "high risk" platform for advertising following Elon Musk's takeover. The group had been waiting for Musk to repopulate his senior leadership team and working with Twitter on improving "brand safety", it added. GroupM and Twitter did not immediately respond to a request for comment.
Amazon Advertising has hired Kelly MacLean as its VP of its ad buying platform. MacLean, who joined Amazon late last month, previously spent more than 11 years at Meta. Amazon Advertising has poached a longtime Meta executive to lead a key adtech division, Insider has learned. The Amazon DSP uses automation to let advertisers buy ads on Amazon properties like Amazon.com, Twitch, and IMDb, as well as elsewhere on the web. The Amazon DSP recently underwent an overhaul that was 18 months in the making to improve its machine-learning and predictive algorithms.
Advertising agency CEOs are eager to signal their companies' AI expertise to Wall Street. Speaking on this quarter's earnings calls, executives at the world's largest advertising agency groups also outlined some of their recent AI client projects and technology task forces. "What's changed over the last six months is the application of AI through generative AI into the creative process," Read said. Omnicom is running more than 20 projects where it combines Omnicom's historical data with GPT's automation technology, Wren said, though he didn't specify exactly how it was being deployed. That will require more creative assets, Sadoun said on the Publicis earnings call.
The proposal is aimed at protecting woman who live in states where abortion is illegal who travel out of state to have the procedure done - something thousands of women are already doing, research shows. It is unclear whether the proposed rule would actually stifle criminal investigations. The federal Employee Retirement Income Security Act of 1974 (ERISA) covers most health insurance and other company benefit plans and generally preempts state laws on abortion-related coverage. But it does not prevent states from prosecuting plans, sponsors, administrators and their employees in all instances. Reporting By Jarrett Renshaw and Heather Timmons; Editing by Heather Timmons and Mark PorterOur Standards: The Thomson Reuters Trust Principles.
The boosted tax credit is central to the administration’s goal of ensuring areas long dependent on fossil fuels benefit from clean energy. "Communities like coal communities have the knowledge, infrastructure, resources and know-how to play a leading role in the move to a clean energy economy," U.S. Deputy Treasury Secretary Wally Adeyemo said. The bonus credit also is available to other "energy communities" - areas that have significant employment or local tax revenues from fossil fuels and higher than average unemployment. The Treasury said it will open project applications for the first round of coal and energy communities tax credits on May 31. Those minerals are crucial to producing clean energy technologies like batteries and solar panels.
On Wednesday, Bowman will host a news conference with more than 30 TikTok creators whose platforms are threatened by the U.S. government's push toward greater restrictions on the app. TikTok last week said the Committee on Foreign Investment in the U.S. threatened a broader ban of the app if ByteDance wouldn't sell its stake. The interagency group is reviewing potential national security risks stemming from ByteDance's 2017 acquisition of TikTok precursor Musical.ly. That lack of familiarity with the app may be part of what's driven lawmakers toward a ban, Bowman said. Simon's pitch to her boss was to show him just how many young users are on TikTok, especially over other platforms.
The advocacy group labeled 25 murders in 2022 as "extremist-related," with 18 of those "committed in whole or part for ideological motives." White supremacists commit the highest number of domestic extremist-related murders in most years, but in 2022 the percentage was unusually high: 21 of the 25 murders were linked to white supremacists, according to the ADL report. "All the extremist-related murders in 2022 were committed by right-wing extremists of various kinds," the ADL report said. President Joe Biden has labeled white supremacy as poison and called on Americans to reject it. The issue of white supremacy came back into headlines late last year when former President Donald Trump hosted white supremacist Nick Fuentes at his private club in Florida.
Interpublic Group of Cos. reported organic-net-revenue growth of 3.8% for the fourth quarter, saying that growth continued—albeit at a slower pace—despite a more cautious marketing and media environment due to macroeconomic and geopolitical factors worldwide. Net revenue in the fourth quarter of 2022 was $2.55 billion, relatively flat when compared with the fourth quarter of 2021. For all of 2022, IPG reported organic-net-revenue growth of 7%. “As expected, growth slowed in the fourth quarter, consistent with global macroeconomic and geopolitical crosswinds which we are all aware of,” Chief Executive Philippe Krakowsky said on the company’s earnings call Thursday. Earlier this week, IPG competitor Omnicom Group Inc. reported organic-revenue growth of 7.2% for the fourth quarter.
Many big retailers are building ad businesses this, which Insider Intelligence predicts will be a $45 billion opportunity in the US this year. Leaders from Albertsons and Nordstrom spoke during the panel about how they plan to grab that money. But retailers also need to grow their advertising businesses beyond those companies to so-called non endemic advertisers, like automakers and insurance companies. Argyilan said Albertsons is also working on a tool to help advertisers plug Albertsons' measurement into their broader measurement efforts. "I think measurement needs to grow up quite a bit in retail media space," she said.
WASHINGTON, Jan 12 (Reuters) - Belief of Americans in antisemitic conspiracy theories and tropes has nearly doubled since 2019, an Anti-Defamation League (ADL) survey showed on Thursday. The survey asked Americans how much they agreed with statements expressing anti-Jewish tropes or conspiracy theories and found that more than half of Americans believed at least one, the New York-based advocacy group said. About 85% of Americans believed at least one anti-Jewish trope, compared with 61% in 2019, the ADL said, adding that 20% of Americans believed six or more anti-Jewish tropes, substantially more than the 11% in 2019. About 39% of the respondents in the ADL survey believed Jews were more loyal to Israel than the United States. Reporting by Kanishka Singh in Washington; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
President Joe Biden is expected to issue a strong condemnation of emboldened antisemitism in the U.S. and around the world during a Hanukkah reception at the White House on Monday. The president will deliver remarks at the event, which he is hosting with first lady Jill Biden, following blessing and a menorah lighting, a White House official said. In his remarks, Biden will forcefully argue that silence is complicity amid rising antisemitic attacks and emphasize that all forms of hate, antisemitism and violence have no place in America, the official said. The Bidens are also expected to mark a new tradition by adding the first menorah to the White House collection. Last week, Biden formed a new interagency group to develop a national strategy to combat antisemitism.
TikTok is outshining its competitors as a key media platform for Gen Z, a new online survey by The New Consumer and Coefficient Capital shows. TikTok's userbase has exploded in recent years, ever since the pandemic when millions of people turned to the social-media app to entertain themselves during quarantine. Here are the top four takeaways from the Consumer Trends 2023 report that show TikTok's rise:1. An excerpt from the 2023 Consumer Trends Survey. An excerpt from the 2023 Consumer Trends Survey.
Privacy-compliance platform SafeGuard Privacy has raised $7 million in a "late-stage seed" round. Check out key slides from the pitch deck that helped SafeGuard Privacy secure the investment. Founded in 2019 by advertising industry veteran Richy Glassberg and longtime attorney Wayne Matus, SafeGuard Privacy describes itself as the "TurboTax of privacy compliance." Glassberg said SafeGuard Privacy helps companies mitigate risk and save money on hourly lawyer fees as a patchwork of different privacy laws roll out across US states and globally. Check out the key slides from the pitch deck that helped SafeGuard Privacy raise its $7 million late-stage seed round below.
LONDON, Nov 1 (Reuters) - New G7 and European Union sanctions on Russian oil exports will have a muted impact on flows and global prices according to analysts polled by Reuters, as Russia is set to largely succeed in rerouting its trade eastward. Analysts at the Bank of Nova Scotia, however, saw oil export and production levels remaining relatively flat despite the sanctions. Up to 80-90% of Russian oil could still flow if Moscow seeks to flout the G7 price cap, a U.S. treasury official told Reuters last month, leaving 1-2 million bpd shut in. "The implementation of Russian sanctions ... will remove 1.5 million bpd of supply from the market. "While we believe (the price cap) would be very difficult to implement, it would directionally raise the likelihood of more Russian oil staying on the market at any price."
Elon Musk's takeover means Donald Trump could now return to Twitter. Some advertisers plan to pause their spending if that happens, The Wall Street Journal reported. Advertisers are now weighing in as concerns over former President Donald Trump being reinstated grow. "That doesn't mean that we won't be entertaining lots of emails and phone calls as soon as a transaction goes through," Taylor told the Journal. Musk has called Twitter's Trump ban a "morally bad decision" and "foolish in the extreme."
Tesla competitor General Motors told CNBC it is pausing ads on the platform as it assesses Twitter under Musk. Musk took over Twitter on Thursday, and some companies that advertise on the platform are reportedly wary. GM is a major competitor of Tesla in electric vehicles and plans to stop selling gas-powered cars by 2025. Tesla competitor General Motors told CNBC it is pausing advertising on the platform as it assesses Twitter under Musk's new leadership. GM is one of the first major companies to publicly say it paused its ads on Twitter.
Organic revenue growth, which removes the effects of currency fluctuations, acquisitions and disposals, was at 5.6%. Mr. Krakowsky told investors that the media planning-and-buying group IPG Mediabrands had seen double-digit organic growth. IPG’s more traditional advertising business, which includes its healthcare marketing agency IPG Health, fared better with organic growth of 6.7%. Its communications and experiential businesses, including agencies Weber Shandwick and Golin, posted organic growth of 7.8%. IPG’s organic growth was the weakest in the U.S., the company’s largest market, where it reached 4.4%.
Slideshow ( 2 images )Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them of those limits to its plans, the official added. Tensions have simmered between consumer countries, such as the United States and oil producers over output policy, with sources telling Reuters that OPEC anger about the price cap plan was among the reasons for its decision to cut output. The White House said the United States’ analysis showed the cut could have waited until the next OPEC meeting, after the November U.S. midterm elections. But OPEC officials did not link the move to the Russian oil price cap in their discussions with the United States, U.S. Deputy Treasury Secretary Wally Adeyemo said last week. Agreed by G7 nations in September, the price cap plan faced clashing with much stricter European Union bans on Russian shipments ratified in June.
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them of those limits to its plans, the official added. The White House said the United States’ analysis showed the cut could have waited until the next OPEC meeting, after the November U.S. midterm elections. But OPEC officials did not link the move to the Russian oil price cap in their discussions with the United States, U.S. Deputy Treasury Secretary Wally Adeyemo said last week. Agreed by G7 nations in September, the price cap plan faced clashing with much stricter European Union bans on Russian shipments ratified in June.
As interest rates rise, big tech companies are being pushed to cancel projects and rearrange staff. Rising interest rates have focused investors on short-term profitability and companies like Amazon, Alphabet, Meta, and Snap are responding. This trimming signals the start of a new era for Big Tech, one where runaway spending on tomorrow gives way to unrelenting attention on today. In this era, Big Tech will become more efficient and profitable, but also more vulnerable. These startups' funding sources are drying up and many don't yet have good business discipline, taking some heat off Big Tech.
Insider asked 12 top VCs what ad and marketing tech companies excited them the most this year. Check out the 19 most promising adtech startups, and what they do that makes them unique. It hopes to raise a Series A funding round in the coming months. Emperia is currently raising its next funding round. Why it's on the list: Tech companies are being scrutinized for their wasting energy consumption, and the digital advertising industry is no exception.
Walmart data can now power ads on TikTok, Roku, and Snap. Walmart's $2 billion ad business just got a major shot in the arm amid heated competition from retailers like Kroger and Amazon. Walmart data can now power ads on TikTok, Roku, and Snap. This is the first time it will power ad sales on other sites, said Rich Lehrfeld, SVP and GM of the retailer's ad arm Walmart Connect. BCG estimates that retail media will be a $100 billion market by 2026; ad agency GroupM has an even more ambitious forecast, saying retail media will hit $160 billion by 2027.
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