Logo

Business

Why Wall Street Is Becoming Uneasy About Television

Wall Street investors are becoming uncomfortable about television, according to a report by David Lieberman on Deadline.com, and it has everything to do with the fall season’s lower ratings. “Season-to-date prime time ratings are down 11% vs last year for…

Analyst: YouTube Video Has ‘Profound Long-Term Implications for the Traditional Media Ecosystem’

A wildly successful YouTube video could be a game changer for the media business, Deadline.com reports, citing BTIG analyst Richard Greenfield. Commenting on the impact of the “Gangnam Style” dance video by South Korean pop artist Psy, Greenfield notes that…

Strong Premiere for ABC’s ‘Nashville,’ Not-so-Strong Premiere for NBC’s ‘Chicago Fire’

Two high-profile broadcast drama series premiered opposite each other Wednesday night, with widely differing results. TVbytheNumbers.com reports that ABC’s “Nashville” delivered almost 9 million total viewers and a 2.8 average rating in the key 18-49 demo, according to Nielsen overnights….

NBC Pulls Off a Ratings Achievement It Hasn’t Done in Almost 10 Years

NBC has scored a ratings achievement that it hasn’t accomplished in almost 10 years. The Hollywood Reporter’s Live Feed reports that the network pulled off a three-day winning streak in the key demographic of adults 18 to 49. "The last…

Another Viacom Network Is in Trouble in Ratings, Analyst Warns

On the heels of a well-documented ratings struggle for Viacom’s Nickelodeon cable network, another Viacom-owned cable channel appears to be in trouble in the ratings. Citing a report from Sanford C. Bernstein & Co. analyst Todd Juenger, Joe Flint reports…

New Owner Penske’s Plans for Variety: No More Pay Wall, Print Editions to Continue

Jay Penske, the new owner of the venerable trade publication Variety, laid out his vision for staffers during a visit Wednesday to Variety’s L.A. headquarters, Deadline.com reports. “According to those present, the gist of what Penske told the assembled group…

Cable Networks Winning in Tight Presidential Race

With the presidential race tightening before the election, cable networks are coming out the winner, reports the New York Post. Spending on local cable spots should jump to $550 million, according to Wells Fargo analyst Marci Ryvicker, who previously forecast…

CBS Cancels New Series After Just Two Episodes Air

CBS has moved quickly to tweak its fall schedule, becoming the first network of the season to cancel a show. Entertainment Weekly reports that the network has pulled the plug on its Friday night legal drama “Made in Jersey.” The…

Lifetime Renews Docu-Series

Lifetime announced today that it has renewed a docu-series that has been performing well for the cable channel. The series is “Dance Moms,” which will return for a third season. Lifetime ordered 26 new episodes of the hour show, with…

Wow: Microsoft CEO Steve Balmer Tells Shareholders That They Must Recognize ‘A Fundamental Shift Under Way in Our Business’

In the just released 2012 annual report by Microsoft, company CEO Steve Ballmer tells shareholders that they must recognize "a fundamental shift under way in our business." Ballmer’s letter to shareholders contiues, "The full value of our software will be seen and…