TV station giant Sinclair lacks guidance on political advertising

Broadcast and media company Sinclair Inc. reported political revenue of $138 million for the third quarter, slightly below updated forecasts. In September, the company raised its forecast for the quarter to approximately $140 million to $145 million, up from its previously announced forecast range of $113 million to $128 million. The company attributed the error … Read more

National CineMedia swings to a loss in the third quarter due to lower advertising revenue

National CineMedia reported a loss in the third quarter due to declining theater attendance and overall revenue, the in-theater advertising company announced Tuesday. Net loss attributable to National CineMedia was $3.6 million, compared to net income of $181.8 million in the same period a year earlier. Overall third-quarter revenue was $62.4 million, down just over … Read more

Political ads drive the increase in advertising at Fox Corp, which owns Fox News.

Strong political advertising led Fox Corp. to a strong quarter, with ad revenue rising and profits more than doubling from a year ago. Fox reported revenue of $3.56 billion, up 11% from the previous year, including advertising revenue of more than $1.3 billion, also up 11%. Meanwhile, net income was $832 million, more than double … Read more

TelevisaUnivision in the US: record advertising earnings in the third quarter

Spanish-language media giant TelevisaUnivision reported a 6% ($852.4 million) increase in U.S. revenue for the third quarter of 2024, as a 5% increase in U.S. advertising revenue was driven by what it described as a third-quarter company record in political advertising revenue. The company said its streaming business, which finished 2023 with more than 7 … Read more

Hollywood advertising veteran dies at 77

Arlene Winnick, a veteran Hollywood publicist who worked with clients ranging from Universal Studios Hollywood to the TCL Chinese Theater over a more than three-decade career, has died. He was 77 years old. Winnick died Oct. 1 in Beverly Hills following a prolonged illness, according to publicist Jerry Digney, who credited her with being an … Read more

Amazon tries to fend off advertising tier price increases

Amazon is fighting off a lawsuit that accuses it of deceiving Prime subscribers by charging them extra to stream movies and TV shows without ads. In an effort to fend off the proposed class action, the company says it previously disclosed that the Prime benefits package is subject to change. It says there has “never … Read more

Warner Bros. head of advertising sales Jon Steinlauf will leave the company

In a surprise move, Warner Bros. Discovery's head of advertising sales, Jon Steinlauf, will leave the company later this year. Bruce Campbell, WBD's chief revenue and strategy officer, announced Steinlauf's impending exit Friday, telling staff that “I have some news to share that may come as a surprise to many of you.” “Jon is one … Read more

Amazon Prime video advertising expanding in 2025

Earlier this year, Amazon's Prime Video shook up the advertising world. The streaming giant has flipped a metaphorical switch and turned on advertisements for all its Prime Video users. Prime members could pay a couple of dollars more a month to avoid advertising, but by all accounts very few did. The move immediately made Prime … Read more

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