Posts Tagged ‘business’

Broadway Box Office: Business Surges with ‘Curious Incident’ Off to Good Start

September 15, 2014  |  Variety  |  No Comments

Broadway bounced back from its annual post-Labor Day downturn last week, gaining steam in a frame that added three new shows — including the transfer of London hit “The Curious Incident of the Dog in the Night-Time” — and saw the return of one more. September is usually a fallow time on the Main Stem thanks... Read more

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Fox News, Fox Business Launch New Mobile-Viewing Tools

September 8, 2014  |  Variety  |  No Comments

As news networks start to prepare for coverage of the 2014 mid-term elections, Fox News Channel and Fox Business Network are launching mobile-viewing functions that allow viewers to watch the networks on mobile tablets and phones, as well as desktops. The two platforms, dubbed FoxNewsGo and FoxBusiness, launch Monday. The tools will be basic for now,... Read more

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Obama Indicates Opposition to Internet ‘Fast Lanes’

August 7, 2014  |  Variety  |  No Comments

When President Obama spoke at the U.S.-Africa Business Forum on Tuesday, he was asked about his position on net neutrality, the rules of the road for the Internet that are pending before the FCC. At the center of the debate is whether the FCC will pass rules that will allow Internet providers to strike deals... Read more

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Comcast’s 2Q Net Income Soars Nearly 15% On Sale of Web Services

July 22, 2014  |  Variety  |  No Comments

Comcast said second-quarter net income rose about 15% as more of its cable customers opted to take a higher degree of service to get  high-speed connections to the Internet as well as other business-related products. The boost to the company’s bottom line comes despite a small reduction in video customers after two quarters of gains and... Read more

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Why It Doesn’t Make Sense for Weinstein’s TV Division to Go Public

July 4, 2014  |  Variety  |  No Comments

Imagine Harvey Weinstein having to explain his business decisions to Wall Street on a quarterly basis. “I just don’t see it,” said media analyst Hal Vogel. “It would be fraught with friction considering he’s not known to be the friendliest of people when it comes to investors poking into his business.” The Weinstein Co. is... Read more

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Networks Are Writing Discounted C7 Deals, But Not Everyone’s Biting

June 2, 2014  |  Media Week  |  No Comments

Even with Kevin Reilly out at the News Corp broadcaster and ratings declines from an aging American Idol, Fox has managed to score a serious deal: GroupM, arguably the biggest media agency network, is buying C7 guarantees. GroupM didn't respond immediately to requests for comment, but one of the networks is said to be dangling a 3 percent pricing discount in front of agencies that will agree to C7 guarantees. It hasn't even been that long since the networks started selling C3—the shift to C7 is something buyers have long resisted, given the length of time it takes to process the data and the need for immediate returns on ads such as movie trailers. With C7 guarantees, you may see that your ad was delivered, but if your ad was delivered on unskippable VOD on Tuesday and your movie opened on Friday, it's probably not a great feeling to shell out cash for that delivery. And GroupM does represent Paramount Pictures among many, many other big-name clients including Unilever and AT&T.

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Networks Will Write Discounted C7 Deals, but Not Everyone’s Biting

June 2, 2014  |  Media Week  |  No Comments

Even with Kevin Reilly out at the News Corp broadcaster and ratings declines from an aging American Idol, Fox has managed to score a serious deal: GroupM, arguably the biggest media agency network, is buying C7 guarantees. GroupM didn't respond immediately to requests for comment, but one of the networks is said to be dangling a 3 percent pricing discount in front of agencies that will agree to C7 guarantees. It hasn't even been that long since the networks started selling C3—the shift to C7 is something buyers have long resisted, given the length of time it takes to process the data and the need for immediate returns on ads such as movie trailers. With C7 guarantees, you may see that your ad was delivered, but if your ad was delivered on unskippable VOD on Tuesday and your movie opened on Friday, it's probably not a great feeling to shell out cash for that delivery. And GroupM does represent Paramount Pictures among many other big-name clients including Unilever and AT&T. It's a gamble (and probably not a gamble the media agency is taking on all of its clients), but it's one head buyer Rino Scanzoni has said he's comfortable with as recently as three weeks ago. "It all comes down to economics," Scanzoni told the Wall Street Journal . "Clients are obviously getting that audience when people play back their programs post-three days; if they’re not fast-forwarding the commercials, that exposure exists. Ultimately I do see the business going onto a C7 metric because as we try to drive the business to a cross-platform metric, you probably need a longer time frame than the C3 window to optimize that. We will eventually be going there. It’s a matter of working out the economics initially to make the transition one that’s acceptable to both sides." So let the message go forth: The economics are acceptable at the moment

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George Bodenheimer to Leave ESPN

May 28, 2014  |  Media Week  |  No Comments

George Bodenheimer is leaving ESPN, according to the Disney-ABC sports network. Bodenheimer has been at ESPN almost since its inception—he started working there in 1981—and will now work at The V Foundation, a cancer research charity he helped form in 1993 with the late ESPN commentator Jim Valvano. Bodenheimer's legacy at the company is a strong one: the network currently boasts the highest affiliate fee in the market at an incredible $5.54 (the industry average is $.25) and remains one of the most valuable properties on television. In 2011, Bodenheimer stepped down from the role of president to assume an essentially emeritus role as executive chairman while John Skipper was promoted to president (Bodenheimer reported to Disney head Bob Iger; Skipper reported to Iger and Bodenheimer). “Every day I was asked questions about the future, and my favorite answer was, ‘ESPN has the best employees in the business,'" Bodenheimer told staff in a memo.

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Businessweek Art Director Richard Turley Leaves for MTV

April 22, 2014  |  Media Week  |  No Comments

Richard Turley is set to make waves in the design world at a completely new port of call: MTV. The always-interesting , sometimes-controversial

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NAB’s Gordon Smith Is Confident He Can Turn Things Around in Washington

April 11, 2014  |  Media Week  |  No Comments

Broadcasters are having a tough time in Washington. A number of efforts are aimed straight at the business from the FCC's recent decision to tighten ownership rules and claw bag big chunks of the broadcast spectrum for wireless, to a very vocal pay TV lobby pushing hard on Congress to reform retransmission consent. With so much going against them, it's easy to conclude that the broadcasting lobby, once the most powerful lobby on the Hill, may be on the outs. Certainly the media has lost the glamour crown to the Internet. But calling the broadcasting industry a dinosaur may be a premature conclusion. Wrapping up the industry's national convention in Las Vegas this week, Gordon Smith, president and CEO of the National Association of Broadcasters, remains confident he can turn things around. "While I may be frustrated, I'm not discouraged because I know how this ends," Smith said. Smith, a former Senator, spent the week talking with broadcasters, FCC commissioners and staffers, even holding a closed-door meeting with FCC chairman Tom Wheeler, who right now is enemy no. 1 among broadcasters. Coming off a very unpopular FCC vote that made it a lot tougher for two TV stations to share advertising sales, Wheeler faced a hostile audience. He put on his best charm offensive to try and convince broadcasters that he wasn't out to destroy the business.

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