Being fourth place as a TV network doesn't take away from NBC's financial resiliency. For its calendar year in fourth-quarter 2007, its parent General Electric reported NBC Universal's net profit grew 10% to nearly $1 billion --$923 million. A year ago, NBC put up profits of $841 million. Revenue rose 8% at NBCU to $4.55 billion. ...Read the whole story
After the relatively brief tenure of a little more than a year, Los Angeles Times Editor James O'Shea has been shown the door, executives with the paper said Sunday. O'Shea is the fourth high-level employee to leave the company in less than three years. He joins former publisher Jeffrey Johnson, fired in October 2006 for refusing to make staff cuts, and his predecessors in the editor spot, John Carroll, who quit in 2005, and Dean Baquet, fired at the same time as Johnson. ...Read the whole story
The Ion Television Network has struck a deal with Omnicom's sports and entertainment unit and Star Media to create an African-American programming block. The added bonus is strong ad backing from three charter sponsors: McDonald's, State Farm and Procter & Gamble. ...Read the whole story
Bowing to the inevitable, the Chicago Tribune will soon offer fewer print "help wanted" classifieds, saving on newsprint costs by limiting them to its Sunday edition. The decision is one of the first big changes at Tribune Co.'s flagship newspaper since the company was taken private by real estate billionaire Sam Zell. ...Read the whole story
Station operator Pappas Telecasting has reached a five-year deal with Spanish-language network Azteca America, allowing it to continue airing on a key-market Los Angeles station. ...Read the whole story
Euro RSCG New York has become the latest agency to subscribe to TiVo's second-by-second ratings service. For a creative agency, it offers the possibility to evaluate whether some portion of a spot it has created may prompt people to fast-forward. For media agencies, it offers a potentially attractive currency to use for upfront and other deals. ...Read the whole story
The magazine industry showed both vigor and volatility in 2007. According to year-end figures from the Publishers Information Bureau, of 238 leading consumer magazines tracked by the organization, 76 titles--or roughly 32%--enjoyed growth in ad pages of 5% or more, compared to 2006. In the same period, 71 titles, or roughly 30%, saw ad pages drop 5% or more. And 91, about 38%, were essentially flat. ...Read the whole story
Measurement firm iTVX has tabbed a Jaguar brand integration on a recent episode of VH1's "America's Most Smartest Model" as the top product placement on a reality show in 2007. In second place came Donald Trump--technically "The Apprentice"--who employed his mother to plug Renuzit air freshener. ...Read the whole story
Ah, the power of the press. Sometimes a little magazine can stir controversy and publicity with great investigative reporting or an incisive, well-argued opinion column. ... ...More
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