CBS & Its Stations Go Dark On Dish Network As Deal Deadline Passes
CBS and Dish Network said tonight that they have failed to reach an agreement on a new carriage deal. As a result, CBS’ broadcast network, several local stations owned by CBS including in Los Angeles and New York, as well as CBS Sports Network, Pop and the Smithsonian Channel, are now dark on the nation’s No. 2 satellite service. The news comes as the companies’ current contract expired at 10:59 PM PT.
Dish said CBS chose to black out the satellite provider customers'… Read
AT&T Boss In Wake Of DOJ Lawsuit: Any Deal Harming CNN Is “A Non-Starter”
During a news conference after the U.S. Department of Justice filed suit to block AT&T’s acquisition of Time Warner, company CEO Randall Stephenson sought to address the “elephant in the room”: the notion that President Donald Trump’s rancor at CNN had threatened the deal.
“Frankly, I don’t know” if the reports are true, he said. “But nobody should be surprised that it keeps coming up.” As to any potential settlement that lets AT&T keep CNN but implements any controls on… Read
21st Century Fox Implements Workplace Professionalism And Inclusion Council
As part of its efforts to resolve sexual harassment claims at Fox News–and as a component of one $90 million insurance payout–21st Century Fox has formed the Fox News Workplace Professionalism and Inclusion Council.
Six workplace and inclusion experts will serve on the council, with four of them coming from outside the company. The new body will, in the words of the company’s official announcement, “advise Fox News and its senior management in its ongoing efforts to… Read
TV & Film Casting Biz Disrupted: Fox’s Decision To Drop Breakdown Services For Casting Networks & Its Fallout
UPDATED: There is a potentially seismic shift underway in the theatrical casting software business, which for decades had been dominated by Gary Marsh’s Breakdown Services. The casting community was shocked last week when Fox — 20th Century Fox TV and its division Fox 21 TV Studios, as well as movie studio 20th Century Fox — dropped Breakdown and replaced it with Casting Networks, a primarily commercial casting service known by its operating brand LA Casting, which is… Read
Donald Trump’s Justice Department Files Suit To Block AT&T-Time Warner Deal – Update
UPDATED with more details: The U.S. Department of Justice filed suit today to block the AT&T-Time Warner merger, saying the combination of the nation’s largest distributor of television programming and one of the leading studios would harm consumers and competition.
The Justice Department, in its complaint, argues that the combination of AT&T/DirecTV's vast video distribution infrastructure and Time Warner's popular television programming would be one of the largest… Read
CBS And Dish Network Warn Of Potential Blackout If No Deal By Tonight
Ah, the start of holiday season. Time for turkey and trimmings … and TV carriage disputes.
CBS and Dish Network are the latest sparring partners in an increasingly fraught pay-TV distribution landscape unsettled by cord-shaving and multiplying entertainment options. Both companies warned today that if they can’t reach an agreement by tonight, CBS programming will go dark at 10:59PM PT. That news would hit football fans especially hard, given the network’s Thanksgiving… Read
Read Weinstein Bidder Maria Contreras-Sweet’s Pitch: $275 Million And Female-Centric Leadership
EXCLUSIVE: The first true bid for the assets of troubled The Weinstein Company will be a difficult one to beat for any bidders thinking of getting into the fray. It starts with the woman fronting the bid, a Mexican immigrant who served in the Obama cabinet and has built banks and businesses and has four bona fide backers, some in Silicon Valley, ready to pony up $275 million in funds that are at the ready and will not have to be raised.
Those funds would take TWC’s… Read
Weinstein Co. Bidder Emerges, Promises Majority Female Leadership
The Weinstein Co. has a potential financial white knight emerging, a surprise bidder who may keep the studio in business and create a new leadership that will feature a majority of women.
Maria Contreras-Sweet, a former head of the Small Business Administration under President Barack Obama, has submitted the first reported bid, according to the Wall Street Journal. The news service obtained a letter to the board of directors of the Weinstein Co.
No potential purchase… Read
AT&T-Time Warner Merger Antitrust Review Casting Pall Over Fox Talks
As a growing list of potential buyers explore talks with 21st Century Fox, any deal will hinge on the actions of a powerful player that’s not present at the negotiating table: the Justice Department.
The outcome of the DOJ’s antitrust review of AT&T’s proposed $85.4 billion merger with Time Warner may determine whether media conglomerates like Comcast or Verizon make a bid for some of Fox’s entertainment assets.
If the Trump Administration moves to block the AT&T-Time… Read
Byron Allen’s Entertainment Studios Names Amy Gruberg SVP Of Media Partnerships
Entertainment Studios has brought aboard industry vet Amy Gruberg as Senior Vice President of Media Partnerships, where she’ll implement media planning, media buying, and overall marketing strategies across all of Entertainment’s global media platforms. Gruberg, who will be based in Los Angeles, will report directly to ES Founder, Chairman, and CEO, Byron Allen.
Gruberg comes to the new post with over 25 years of entertainment marketing and media experience working at… Read
Fox And Viacom Lead Media Stock Rally Sparked By Merger Speculation
On a day when the Dow 30, the S&P 500 and Nasdaq all posted modest declines, media stocks staged a rally fueled by a flurry of merger speculation, with Viacom and Fox seeing the biggest gains.
Viacom, a day removed from reporting mixed quarterly earnings and suffering further blows to its share price, had its stock shoot up more than 10% to finish at $26.15. 21st Century Fox, whose entertainment assets have been the subject of interest from Disney, Comcast and reportedly… Read
Discovery And Scripps Shareholders Approve Pending $14.6 Billion Merger
At a special shareholder meeting today in New York, Discovery’s pending $14.6 billion acquisition of Scripps Networks Interactive got overwhelming support.
In a brief SEC filing, the company reported the tally was 258.2… Read