TelevisaUnivision has a new CEO. The Spanish-language media giant said Wade Davis stepped aside. Daniel Alegre, former president and chief operating officer of Activision Blizzard and CEO of Yuga Labs, became CEO effective Thursday. (THR) TelevisaUnivision confirmed Davis’ departure from the top job late Wednesday, hours after The New York Times reported the company’s plans,…Read More
The Federal Trade Commission said Thursday that it found that several social media and streaming services engaged in “vast surveillance” of consumers, including minors, collecting and sharing more personal information than most users realized. (NYT) The report, which stretches more than 100 pages, details the data, advertising, and recommendation-system efforts by these companies, and how…Read More
Axel Springer struck a deal that will see its media assets–which include Politico, Business Insider, and newspapers Bild and Die Welt–hived off into a private company with the aim of building an international digital news media powerhouse. (The Guardian) Axel Springer’s profitable classifieds businesses are to become separately held entities under U.S. firm KKR and…Read More
Lance Frank was named head of communications for CBS News, Stations & Media Ventures. His promotion was announced Thursday by CBS News president and CEO Wendy McMahon and executive vice president of communications Chris Ender. (TVNewser) TikTok’s global head of marketing, Kate Jhaveri, is leaving the company at the end of September, according to a…Read More
Jessica Rosenworcel, chair of the Federal Communications Commission, rejected former President Donald Trump’s suggestion that Disney-owned ABC should lose its broadcast licenses over the network’s moderating of the Sept. 10 presidential debate. (CNBC) Trump and his allies objected to fact-checking of his comments from the debate co-moderators, David Muir and Linsey Davis. Trump also has…Read More
Byron Allen’s Allen Media Group is planning deeper cost cuts as it stares down debt maturities, and it has retained advisers, according to people familiar with the matter. (Bloomberg) The company’s $840 million term loan, which is maturing in 2027, was trading at around 65 cents on the dollar as of Tuesday, down from 88…Read More
Amazon MGM Studios will soon join the Motion Picture Association, the lobbying arm of Hollywood’s major studios announced Thursday. The Seattle-based technology and retail giant–which distributes content via its theatrical arm, Amazon MGM, and its streaming service, Prime Video–will officially become the seventh member of the MPA Oct. 1. (LA Times / Hollywood Inc)Read More
There’s been a lot of campfire talk recently about the “cable-pocalypse” that’s raging through the TV landscape. Those flames have been fanned by a steady drumbeat of headlines spotlighting the billion-dollar write-downs, multiple rounds of layoffs, and declining ad revenue plaguing the cable industry. (ADWEEK)Read More
Gayle King landed a new deal to continue her tenure at CBS Mornings, TheWrap has learned. However, details, including length of the contract and her financial compensation, have yet to be announced. (TheWrap)Read More
A group of news organizations filed an emergency petition Thursday, asking Nevada’s highest court to unseal the ongoing family succession battle playing out in a Reno courtroom that will determine the future of Rupert Murdoch’s vast media empire. (CNN)Read More
