LOS ANGELES/NEW YORK (Reuters) - Media companies from NBC and Fox to Al-Jazeera are digging deep into their wallets to build new national sports networks and grab a slice of the lucrative market dominated by Walt Disney Co's sports juggernaut ESPN. The networks are chasing the big advertising dollars that flow into live sports programming, plus monthly subscription fees paid by cable operators that are far higher than those for other channels. Just this week, NBC Sports Network outbid Fox for the rights to air England's Premier League soccer. ...
While subscriber additions across broadband, pay-TV and digital phone services were the primary focus of Comcast’s (NASDAQ:CMCSA) recently reported Q3 2011 earnings, its NBCUniversal division performed well and deserves a second look. While growth in its cable networks looked solid, the NBCUniversal’s broadcasting division posted flat growth in its ad revenue and was noticeably weak.
Is Comcast Corp. (CMCSA) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal (NBCU)? A recent change at the helm of NBCU indicates this. Yesterday, Comcast and General Electric Co. (GE), the current owner of NBCU said in a joint statement that the existing COO of Comcast, Mr. Steve Burke will succeed the incumbent CEO of NBCU Mr. Jeff Zucker by 2010 end.
A leading provider of online movie rental services, Netflix Inc. (NFLX) recently signed an expanded license agreement with General Electric’s (GE) NBC Universal Domestic Television Distribution division.
Diane Mermigas submits:All the fuss about a robust advertising market is being checked by some harsh realities. First, how spending will be redistributed across exploding mobile devices, and second, how inflation and flattened auto sales are impacting the slowly recovering economy.
Slumping ratings, the lousy economy and increased competition from cable networks will make it tougher for ABC, CBS, Fox and NBC to demand higher advertising rates in this year's sales season.
Television's cliffhanger this year isn't "Who shot J.R.?" but how many bullets the broadcast networks might take.
ABC, CBS, NBC and Fox all failed to raise rates for the first time in years.
In some parts of the country, home prices are back near 2001 levels, and now so is the volume of advertising the TV networks have sold.