The new owner of CNN, Warner Bros Discovery, is shutting down CNN+ on April 28th. It is less than a month since its launch. “This decision is in line with WBD’s broader direct-to-consumer strategy,” said Chris Licht, the incoming CEO of CNN. “In a complex streaming market, consumers want simplicity and an all-in service, which […]

Despite changing viewing habits, national television remains a dominating medium for entertainment and news-gathering purposes in the US. National TV still has the broadest reach with live broadcasts like Super Bowl LVI drawing nearly 72 million unique US households. This is according to Comscore’s latest TV Trends report, which uses Comscore TV National Measurement to […]

CNN+, the premium pay-service from the global news broadcaster, is suffering despite launching just some three weeks ago. CNN’s long-time CFO Brad Ferrier (since 1995) has been laid off, and all marketing spend cancelled according to local reports. Ferrier has been replaced by Discovery’s CFO for streaming, Neil Chugani. The changes come with rumours that […]

Portuguese media group Media Capital posted a €4.1 million loss in 2021, a 63 per cent improvement over the €11.1 million loss the previous year. Operating revenues increased by 15 per cent to €157.7 million. Despite the Covid-19 pandemic, advertising revenues increased 16 per cent year-on-year, due to the recovery of the advertising market and […]

Discovery and AT&T have closed their transaction to combine the WarnerMedia business with Discovery. The new entity, Warner Bros Discovery, will begin trading on the Nasdaq with the start of trading on April 11th, under the new ticker symbol ‘WBD’. Warner Bros Discovery will create and distribute the world’s most differentiated and complete portfolio of […]

Discovery has announced the future executive leadership team for Warner Bros Discovery, ahead of the close of the company’s transaction to combine its non-fiction and international entertainment and sports businesses with WarnerMedia’s premium entertainment, sports and news assets. David Zaslav, the future CEO of Warner Bros Discovery, commented: “We are so excited to bring the […]

This year’s Oscars ceremony was held on March 27th. The event proven to be a big night for advertisers to run ads during the live broadcast. MediaRadar analysed top verticals’ spend on ads on Hulu Live’s streaming of ABC’s The 94th Academy Awards. Key findings include: Media & Entertainment: During the 2022 Oscars, 38 per […]

FOX News Digital finished February as the top-performing news brand in the competitive set in both multiplatform views and multiplatform minutes, according to Comscore. The digital network delivered 2.9 billion multiplatform minutes and over 1.4 billion multiplatform views, while posting increases in multiplatform unique visitors and multiplatform minutes versus the prior month. February also marked […]

Nielsen has announced that The Gauge, its monthly total TV and streaming snapshot, revealed that in February 2022, both cable and broadcast news viewing in the US spiked as Russia invaded Ukraine. Cable viewing increased 54 per cent during the last week of February, helping news gain one-fourth of all cable consumption, representing a 16.5 […]