CW cancellations fuel speculation of deal forthcoming Five months ago, The CW – the joint venture between Warner Media (now Discovery Warner Bros.) and ViacomCBS (now Paramount Global), created by the merger of UPN and The WB in 2006 was up for sale, with Irving, Tex.-based Nexstar the leading suitor. So where does things stand now? A glimpse of […]
Failure to disclose romantic relationship with staff member leads to his demise In the sixteen years of writing this blog, there have been a number of media executives I’ve written about who came off as total assholes – Sam Zell, Randy Michaels, Jimmy deCastro, Michael Ferro, Jan Jeffries, Les Moonves, Marv Nyren, Larry Tisch, and probably more, enough to […]
Possible sale could reunite network with company’s WGN-TV According to a Wednesday night report from The Wall Street Journal, AT&T and ViacomCBS are exploring a sale of The CW and according to sources, Nexstar is the leading suitor to buy the network. As of an owner of 197 stations, Nexstar owns more CW affiliates than any other group, including the […]
Popularity isn’t exactly overrated as 2021 ends a wild year in media Like mystery of the sphinx or crop circles, you just can’t explain the continued popularity of certain things despite questionable changes. After the firing of Mark Giangreco and seemingly public disdain for one of her former co-anchors, ABC 7 remains on top of local Chicago news ratings, […]
House Dems, Writer’s Guild voice opposition to deal Media consolidation is a hot topic once again as criticism of recent mergers has Capitol Hill up in arms. Thirty Democrats in the U.S. House sent a letter to the Justice Department Monday to investigate the proposed $43 billion merger between Warner Media and Discovery Communications – one of many occurring in […]
Move adds more programs to Fox’s syndication portfolio In a surprising move reported last month, WarnerMedia parent AT&T is in talks to sell its TMZ franchise to Fox Corp. Today, the deal became official according to Deadline. TMZ consists of the gossip website and the two syndicated television shows they spun off of, TMZ (alternatively titled TMZ on TV) and […]
Plans to merge assets with WarnerMedia to spinoff to own company Here we go again. Sunday morning, Bloomberg published a report stating Discovery Communications and AT&T’s WarnerMedia would be merging assets, marrying Bugs Bunny and Friends with Oprah Winfrey and Chip and Joanna Gaines. The news was made official Monday, with AT&T spinning off those assets into a new, […]
Local TV stations already shunning ads; Juul halts all advertising (Editor’s Note: This story was originally published on September 22 and has been updated.) With complaints from viewers increasing on social media and users being hospitalized (including a few in the Chicago area), three major media companies announced they were no longer accepting advertising for vaping products and e-cigarettes. WarnerMedia, […]