A year of consolidation and consternation for traditional media giants took a toll on showbiz stock prices during 2018. Most major entertainment players saw share prices decline over the course of the year — from Jan. 2 through Dec. 28 — with the exception of Discovery and 21st Century Fox, the latter of which is [...]
As anticipated, a three-day event commemorating the 50th anniversary of the legendary Woodstock Music & Arts Festival will take place August 15-17 at the Bethel Woods Center for the Arts on the site of the original event. The venue will produce the event along with Live Nation Concerts and the brand communications agency INVNT. Described [...]
Another wild ride on Wall Street ended on Thursday with the major indices rallying furiously in the final 90 minutes of trading to rebound from heavy losses, which came on the heels of Wednesday’s historic 1,086-point gain. The Dow Jones Industrial Average took a nearly 900-point swing between 2:30 p.m. and 4 p.m. ET, closing [...]
Viewers of Disney-owned networks like ABC and ESPN have begun to see messages telling them that the TV outlets may no longer be available to subscribers of Verizon Fios, the latest example of two big media companies clashing over terms of carrying content to consumers. The current contract between Disney Media Networks and Fios is [...]
For the second time this year, the L.A. County District Attorney’s office has declined to file a sexual assault charge against actor Steven Seagal. A woman came forward to the LAPD to allege that Seagal had sexually assaulted her in the summer of 2002. The D.A.’s Hollywood sex crimes task force reviewed case, but determined [...]
As much of the media business shifts focus to building global platforms, the CEO of the company that is about to become the largest owner of TV stations in the country is passionately preaching the gospel of local. Perry Sook, president and CEO of Texas-based Nexstar Media Group, is a seasoned broadcast TV executive who [...]
Shari Cohen, one of Madison Avenue’s most powerful and influential media buying executives, will retire at the end of the year, extending the parade of veterans leaving the business at a time of extreme flux. Cohen, executive director of media investments at WPP’s powerful GroupM, helped weave Sears into ABC’s “Extreme Makeover: Home Edition,” one [...]