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Latest Corporate Affairs News

Business

CBS And NFL Extend Streaming Rights Deal Through 2022

As the race for digital sports rights continues to heat up, CBS and the NFL have extended their arrangement for streaming games on CBS All Access through the 2022 season. Under the deal, CBS will also expand its NFL game streaming access for CBS All Access subscribers and TV Everywhere to include mobile devices beginning this season. The entire 2018 NFL On CBS schedule, highlighted by Super Bowl LIII, will be streamed live on all CBS All Access platforms. All Access… Read

Business

Gray Acquiring Raycom For $3.65B, Forming No. 3 Local TV Group

Mergers And Acquisitions

Gray Television is buying Raycom Media for $3.65 billion in cash and stock, creating the third-largest owner of local TV stations in the U.S. Together, the companies will have 142 full-power stations serving 92 markets. The deal will consist of $2.85 billion in cash, $650 million in a new series of stock, and 11.5 million shares of Gray common stock. Despite headwinds from overall migration away from live, linear viewing and advantages enjoyed by digital competitors in… Read

Business

AT&T Buys Ad-Tech Firm AppNexus In First Post-Merger Move

AT&T

Just a week and a half after closing its acquisition of Time Warner, AT&T has announced another purchase, this one of advertising technology specialist AppNexus. The company will become a part of AT&T advertising & analytics, led by the group’s CEO, Brian Lesser. AppNexus operates a leading global advertising marketplace and provides digital ad products for publishers, agencies and marketers. AT&T sees the deal as furthering its ambitions to deliver addressable advertising… Read

breakingBusiness

Univision Warns Dish Subscribers On Potential Access Cut-Off In Carriage Dispute

UPDATED: Responding to Univision’s earlier statement to subscribers, Dish has issued the following statement: “We are actively working to reach a fair deal before the contract between Dish and Univision expires, knowing that only Univision can choose to take its content away from Dish and Sling customers. Negotiations are standard in the pay-TV industry. Univision is demanding a rate increase of 75 percent for channels whose ratings have declined by nearly a third over… Read

breakingBusiness

Netflix CEO Reed Hastings Admits He “Minimized” N-Word Use By PR Chief

Reed Hastings Jonathan Friedland

Today’s firing of Netflix communications chief Jonathan Friedland  should have come earlier, Reed Hastings almost begrudgingly admitted to the streaming service’s staff on Friday. “I realize that my privilege has made me intellectualize or otherwise minimize race issues like this,” the Netflix CEO said in understatement of allowing the use of the N-word by one of his top execs. “I need to set a better example by learning and listening more so I can be the leader we… Read

breakingBusiness

Starz Donates Big Bucks For TV Scribes’ Push To Stop Border Family Separation

Starz RAICES Texas

(UPDATE WITH MORE SERIES JOINING THE CHALLENGE) As more and more writers rooms from across the Big 4, cable and streaming take on the challenge from Vida and One Day at a Time to stop children being ripped apart from their families at the southern border, the home of the Tanya Saracho-run East LA drama has put its money where its heart is. The day after Donald Trump begrudgingly signed an executive order that sort of stops any more kids and babies being snatched away from… Read

Business

MACRO Names Zennen Clifton VP of Digital Strategy & Distribution

Charles D. King’s MACRO has hired Zennen Clifton as Vice President of Digital Strategy & Distribution on the company's digital side where he will spearhead the digital planning and distribution strategy for MACRO Digital Studio's premium content slate and all of its external partnerships. He will report to King and MACRO's Chief Strategy Officer Eric Briggs. Prior to joining the company, Clifton co-founded the multicultural content studio No Label with NBA All-Star Baron… Read

breakingBusiness

Ari Emanuel Praises “Great Thinker” Bob Iger, Talks State Of Movie Biz At Confab

"I think he is one of the great thinkers in the business, and we'll see what happens with Fox," said Endeavor CEO Ari Emanuel today of Disney boss Bob Iger. "He was right on Pixar, on Marvel and Star Wars," the Endeavor CEO added. "His strategy now of over the top is the right strategy for his content." Praising one of the few people in the business he clearly views as an equal, the uber-agency boss was the headlining act at the VenuesNow conference in Beverly Hills on… Read

Business

CWA Leads Guilds’ FCC Petition Seeking To Block Sinclair-Tribune Merger

The Communications Workers of America and two of its major union affiliates have petitioned the FCC to block the long-gestating Sinclair-Tribune merger. The petition by the CWA, National Association of Broadcast Employees and Technicians and the NewsGuild-CWA (read it HERE), says that the merger does not serve the public interest. “It would violate the congressionally mandated 39% national audience cap, reduce competition, harm localism, eliminate jobs, and diminish… Read

Business

The Takeaway From Today’s Warner Bros-John Stankey-Kevin Tsujihara Town Hall Meeting

Warner Bros John Stankey

According to several who heard the pitch, today’s town hall meeting at Warner Bros gave a hopeful glimpse of the synergy between Warner Bros and AT&T and it was not lost on everybody there how different this was from when Disney explained how it would integrate pieces of Fox. WarnerMedia CEO John Stankey started by giving staff the answer they most needed to hear. Basically, he said that AT&T does nothing that Warner Bros does, so why would they have consummated this… Read

breakingBusiness

AT&T-Owned DC Comics & Superman “Stand Up For What’s Right” On World Refugee Day

The town hall on the Warner Bros lot with new head honcho John Stankey is going on right now but the home of a certain man from Krypton is also flying the flag for World Refugee Day too. In a tweet put out this morning, WB-owned and now AT&T owned DC Comics made it very clear where they and Superman stood. Amidst the political turmoil of anger against migrants that is sweep across Europe and the heartless chaos of family separation on our southern border, the comic giant… Read

Business

Disney’s Bob Iger On Need For Fox Deal: “The Consumer Is Voting — Loudly”

Bob Iger

UPDATED with analysis Disney CEO Bob Iger said changes in consumer habits are driving the company’s aggressive pursuit of 21st Century Fox studio and network assets. Facing historic levels of competition from Netflix and other digital players, traditional media powers have no choice but to act, he said in a conference call this morning with Wall Street analysts. "Direct-to-consumer distribution has actually become an even more compelling proposition in the six months… Read