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Business

Why Wall Street Remains Wary About Viacom

Viacom Inc. Rings The NASDAQ Stock Market Opening Bell In Honor Of Viacommunity Day

Under normal circumstances, investors would consider Viacom shares to be a screaming bargain. Consider: Most Big Media companies trade for anywhere from 15.3 times expected earnings (that’s Fox) to 17.2 times (for Disney). And Viacom? 10.2 times. To put that into perspective, it means that the Street expects ad sales to deteriorate by 6% a year through 2018, Wunderlich Securities’ Matthew Harrigan says today. That “would be realized only in a global economy in free-fall… Read

Business

Roman Atwood Prank For Nissan Ad Leads 3X Rise In YouTube Super Bowl Ad Views

Roman Atwood prank video

YouTube visitors already have spent 100 million minutes watching Super Bowl-related ads this year, led by a behind-the-scenes video of YouTube star Roman Atwood’s plastic-ball prank created for a Nissan ad (watch his video above). That’s three times more than through the same period last year, with the Super Bowl itself (and the actual ads) still three days away. That suggests a lot of people are investigating brands online ahead of the year’s biggest ad day. It might not… Read

Business

TV Nets Cluttered Shows With Ads To Make Up For Lost Viewers In Q4

video advertising

UPDATE, THURSDAY PM: Some of those increases in ad clutter were’t as egregious as MoffettNathanson Research’s Michael Nathanson first thought, he says today in a correction to his analysis. The data he received from TiVo “incorrectly calculated the number of commercial minutes,” he says in a note. That included “a massive error” for Fox Broadcasting: Its ad load in Q4 was “flat-to-slightly down” — not up 12% vs the period in 2013. He adds that the calculation for Viacom… Read

Business

NYC Passes Tokyo As Top Entertainment & Media Spender – Report

New York And New Jersey Continue To Recover From Superstorm Sandy

The Big Apple took the top spot in 2014 by accounting for $19.7 billion in entertainment and media spending, ahead of Tokyo’s $19.5 billion, according to a report out today from research and consulting firm PwC. NYC likely will remain the industry capital through 2018, with outlays increasing an average of 4.5% a year to $23.6 billion, says the report titled “Cities of Opportunity.” It would be followed by Tokyo (+0.7% a year to $20.1 billion in 2018), London (+3.3% to… Read

Business

Can CEOs Convince Wall Street That TV’s Lost Ad Dollars Will Come Back?

TV sets

Media chiefs will need all of their persuasive powers to win over the Wall Street jury eager for clarity on this key question during the Q4 earnings season that unofficially kicks off this Thursday, when Viacom reports. Many investors are becoming fed up after seeing industrywide TV ad sales continue to fall — an estimated 1.4% in Q4 vs the period last year — while live viewing declined by about 15 minutes. “The media companies have fostered a storyline of advertisers… Read

Business

Longtime ESPN Exec John A. Walsh To Retire

ESPN

John A. Walsh, a fixture at ESPN since 1988, will retire February 1, sources there confirm. No reason was given for the move by the EVP and executive editor. A veteran sports journalist, Walsh is chairman of ESPN’s editorial board and helped launched ESPN The Magazine and ESPN Radio. He’s also edited three sports-related books, including The Heisman: A Symbol Of Excellence and consulted such magazines as Vanity Fair and Esquire. The reason for Walsh’s sudden departure… Read

Awards

GLAAD Media Awards Nominees Unveiled

glaad logo grid

America’s lesbian, gay, bisexual and transgender media-advocacy group has pulled back the curtain on the nominees for its 26th annual GLAAD Media Awards. The Weinstein Company’s Best Picture Oscar contender The Imitation Game is up for Outstanding Film, Wide Release alongside Sony Classics’ Love Is Strange, CBS Films’ Pride, Roadside’s The Skeleton Twins and Warner Bros’ Tammy. Gunning for the top prize for limited-release movies are Dear White People (Lionsgate), Life Par… Read

Business

State Of The Union: Sony Doesn’t Make Obama’s Shortlist Amid Global Issues

Obama State of the Union

President Obama didn’t mention Sony Pictures, North Korea or The Interview by name in his State of the Union Address tonight, but he strongly alluded to the cybercrime that launched them into the headlines late last year. “No foreign nation, no hacker, should be able to shut down our networks, steal our trade secrets, or invade the privacy of American families, especially our kids,” he said. “We are making sure our government integrates intelligence to combat cyber… Read

exclusiveInternational

Charlie Hebdo, MLK Day & ‘Selma’ Converge In Protest Words – And Images

US-CRIME-POLICE-RACE-MLK-DAY-PROTEST

EXCLUSIVE: In New York City and Washington D.C. on Monday, thousands of protesters took part in a “Die-In,” blocking traffic and, in Manhattan, diverting Martin Luther King Birthday observers from — what else? — shopping, at Bloomingdale’s on the Upper East Side. Similar scenes played out in Philadelphia, Atlanta, Boston and scores of other cities across the U.S. In some places, sound trucks broadcast the Nobel laureate’s speeches. I can only speak for New York, where I… Read

Business

Why Sling TV’s Programming May Win Cord-Cutters Instead Of Millennials

Sling TV Logo

Dish Network has the marketing campaign all wrong for Sling TV, the $20-a-month, 11-channel streaming service it plans to launch this month. With a slogan “Take Back TV,” Sling TV "is really targeting a different demographic" — Millennials who "are not subscribing to pay-TV in nearly the percentages that previous generations did" — Sling TV CEO Roger Lynch says. He hopes to attract lots of 18-to-35 year olds by feeding services including ESPN over broadband… Read

International

Iran Shutters Paper Over ‘I Am Charlie’ Cover With George Clooney Photo: Reports

george_clooney_iran_newspaper

Iranian authorities this weekend shut down Mardom-e Emrouz after the fledgling newspaper published an “I Am Charlie” cover headline with a photo of George Clooney sporting a Je Suis Charlie button at the Golden Globe awards. The paper's director, Ahmad Sattari, was quoted over the weekend by the Irna News Agency, saying, “The court in charge of cultural affairs and the media imposed the ban on the newspaper for publishing a headline and a picture which it deemed… Read

TV

MTV Turns Off The Color To Talk About Race On MLK Day

MTV logo

For the first time in MTV’s history, the cable network will televise in black-and-white as it airs a range of perspectives on race by musicians, politicians and audience members on Monday. The initiative, social-media-branded #TheTalk, will feature commentary from musicians (both black and white) such as Kendrick Lamar, Common, Big Sean, Pete Wentz and Jordin Sparks, alongside actor Penn BadgelySelma director Ava DuVernay and star David Oyelowo and politicians such as… Read