On the eve of its merger with cable and broadband giant Comcast Corp., a top executive of NBC Universal Wednesday likened the company's emerging media content model to that of a drug dealer pushing addictive drugs to children. "I think the phrase for the future is that these kids are addicted to choice. And if you can capture an addiction in society, you're the pusher man," Lauren Zalaznick, president of NBC Universal Women & Lifestyle Entertainment Networks said during a candid and freewheeling "town hall" discussion on the future of the media industry at Media magazine's Future of Media Forum ... ...Read the whole story
For the first time, ABC Television Network is creating a new local ad inventory system that allows TV stations to buy more local commercial time to sell to local advertisers. ABC says the new effort, called the Inventory Exchange System, will allow TV stations to add more local inventory for stations in high-demand selling periods. ...Read the whole story
Yahoo is going with its gut. Relying heavily on behavioral data-mining before launching original series, the Internet giant now wants to take some risks to find viral hits. ...Read the whole story
Digital media veteran and serial entrepreneur Matt Freeman has emerged as the leading candidate to become the new CEO of Interpublic's Mediabrands division, following Wednesday's announcement that Tara Comonte is leaving as COO and CFO to become CFO of Interpublic's McCann WorldGroup. ...Read the whole story
Viacom's MTV Networks is starting up a new advertising business unit called MTV Scratch looking to strike deals with new business partners for the network. Early partners include Bing and Pepsi. ...Read the whole story
Rainbow Media, which operates various cable channels, including AMC, IFC, Sundance, Wedding and WE tv, is doing a VOD ad trial with BlackArrow's ad system to leverage its content. ...Read the whole story
Still more new digital video providers are looking to run premium network TV shows -- not all with the approval of TV networks. FilmOn.com is launching a monthlong test of TV shows in high-def, where consumers could get HD TV shows for free. ...Read the whole story
Just when it seemed like the wheels were about to fall off Tribune's bankruptcy reorganization, the company announced it has finally reached a settlement with two of the biggest creditors: Oaktree Capital Management and Angelo, Gordon & Co. A bankruptcy court has to OK the action. ...Read the whole story
With content on wireless devices growing exponentially, marketers have a chance to reinvent ad models with the Web's failures in mind. But they should tread lightly, since opportunity could lead to opposition in the mobile space. ...Read the whole story
Nielsen surveyed 5,000 consumers who own an e-reader, netbook, tablet computer like Apple's iPad, or smartphone, finding e-reader owners tend to be younger, male and affluent. The proportions vary from device to device. ...Read the whole story
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