Tag: TV Business

Documents from a lawsuit filed last year reveal that CNN had revenue of $2.2 billion in 2021.

"Such consolidation risks undermining localism, diminishing viewpoint diversity, and weakening the ability of independently owned and mission-driven stations to serve their communities with responsive, community-focused programming."

"It would be one thing if they were citing these studies to diligently identify how local TV station combinations can diminish the provision of news. But unfortunately, there is something more perilous in their position."

“This industry stands alone in its mission to inform, protect and uplift every community in America, regardless of ZIP code or income level.”

"Keeping the cap in place, and Nexstar and TEGNA separate, will protect local and conservative voices and keep costs from rising rapidly due to decreased competition."

Here are three major things you might have forgotten in your last long-form piece.

57% of FOX One subscribers have come through its relationship with Amazon.

"This is a historic opportunity to change the status quo and deliver a win for Americans across the country who are weary of legacy media’s leverage over local broadcasters."

"Our core business is performing well, with stable year-over-year distribution and non-political advertising revenue and strong expense management resulting in lower year-over-year operating expenses."

"We are phasing out roles that are no longer aligned with our evolving priorities and the new structure designed to strengthen our focus on growth."