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AIRLINES FAA/Shrinking The Federal Aviation Administration has been directed to investigate the case of the Seats incredible shrinking airline seat. Issues: safety concerns, cramped conditions and the plight of large passengers. Note: In 2016, the House and Senate rejected measures that would have required the F.A.A. to set minimum seat-size standards. AUTOMOTIVE Sales The Wall Street Journal reported that auto sales declined sharply in July, continuing a 7-month slowdown punctuated by manufacturers’ reluctance to sell discounted cars through leases and car rental chains, which has driven sales in recent years. According to Autodata Corp., sales fell 7% last month compared with a year earlier. Uber/Barclay Ride hailing entity Uber is partnering with British bank Barclays to issue its own co- branded credit card. BROADCAST E.W. Scripps/Katz TV station group E.W. Scripps (33 TV stations) purchased Katz Broadcasting’s four Networks networks (diginets) – Bounce (African America centric), Grit (action and western), Escape (mystery and investigative) and Laff (comedy) – for $302 million. Fox/ION Rumors are circulating that 21st Century Fox and ION Media Networks (60 TV stations) are contemplating creating a joint venture that would combine their respective local TV station holdings. CABLE Discovery/Scripps Discovery agreed to acquire Scripps Networks for $11.9 billion. Two benefits sighted from a combined entity: redundancy reductions and leverage in negotiating higher distribution fees. The Wall Street Journal reported that a combined Discovery and Scripps could leverage its 13.2% ratings share to negotiate higher fees from distributors, according to RBC Capital Markets: Ratings Share Entity Affiliate Fees Share 18.5% Disney 34.4% 17.0% Comcast 13.7% 15.3% Fox 17.0% 8.1% Discovery 5.3% 5.1% Scripps 1.7% 13.1% Viacom 10.7% 11.4% Time Warner 11.2% 8.4% CBS 3.4% 3.1% AMC 2.7% 1 of 6 CABLE(cont’d) Hallmark/Drama Crown Media unveiled plans to launch a new cable channel, Hallmark Drama, in October 2017 to complement its existing Hallmark Channel and Hallmark Movies and Mysteries offering. CORPORATE Charter/Sprint Charter Communications informed Sprint’s parent SoftBank Group that it will not contemplate a merger with the wireless company at this time. EDUCATION Temple University/The 9 Temple University unveiled a new spin on fundraising that USA Today reported is “something right out of NASCAR”: a $50,000 donation will allow donors to sponsor one of nine Owls football player numbers this season. The program, called “The 9”, is considered to be the highest honor an Owl can earn. Benefits include travel on the team plane to one away game, a custom jersey and “interaction” with your assigned student-athlete throughout the year. F INANCE Dow Jones/Milestone Last week, The Wall Street Journal reported that the Dow Jones Industrial Average surged past its fourth 1,000-point milestone (22,000) since Donald Trump was elected president in November: Date DJIA November 22 19,023 January 25 20,068 March 1 21,115 August 2 22,016 The chart below delineates the number of trading days it took for the DJIA to gain 20% following each president’s election: President Elected Trading Days George H.W. Bush 1988 171 Donald Trump 2016 183 Bill Clinton 1992 308 Barack Obama 2008 537 Ronald Reagan 1980 586 George W. Bush 2000 1,626 Jimmy Carter 1976 1,629 Media M&A Deals PricewaterhouseCoopers (PwC) said that there were 232 media deals in the Second Quarter, with some $18.8 billion in announced deals overall – higher than all quarterly periods over the last two years except one. The largest deal was Sinclair’s announced acquisition of Tribune Media for $3.8 billion. Week of August 7, 2017 2 of 6 MOBILE Verizon/Verizon Up Verizon has a new rewards program, Verizon Up, which awards users a credit for every $300 they spend on their Verizon bill that can be redeemed toward various rewards. The deal: in order to take advantage of the program, you must be enrolled in Verizon Selects, a program that allows the company to track a huge chunk of your personal data such as browsing, app usage, device location, service usage, demographic info, postal or email address and your interests. MUSIC Sales The chart below lists year-to-date market share by label ownership and distribution ownership, according to Billboard: Market Share Label Label Distribution UMG 25.18% 36.51% WMG 16.81% 20.81% Sony 20.67% 26.73% Indies 37.32% 15.93% SoundCloud Streaming music service SoundCloud, with 175 million monthly uniques, is in death throes desperately trying to raise needed funding. Recently, SoundCloud reduced the monthly fee to its subscription from $10 to $5. Spotify Music streaming video subscription service Spotify, which launched in 2005, claims 60 million subscribers – whose membership is comprised of a majority of non-paying users. As of June 2017, rival Apple Music claimed around 27 million. The following chart is a sampling of fees for paid models of music streaming services: Paid Subscription Service Monthly Fees iTunes Radio $24.99 Spotify $9.99 Google Play/All Access Music $9.99 Beats Music $9.99 Pandora $4.99 PERSONALITIES Wladimir Klitschko Former heavyweight boxing champion Wladimir Klitschko announced his retirement from boxing (64-5 record). LL Cool J Actor and rapper LL Cool J made history last week by becoming the first hip hop artist to be recognized by the Kennedy Center Honors. Class of 2017 winners include singers Gloria Estefan and Lionel Richie, TV writer/producer Norman Lear and dancer Carmen de Lavallade. Note: The show, which will be attended by the President and First Lady, will air on CBS on December 26th. Week of August 7, 2017 3 of 6 PERSONALITIES(cont’d) Jeanne Moreau Actress Jeanne Moreau, the first woman in the Académie des Beaux-Arts whose work includes Jules & Jim, The Lovers, The Night, Diary of a Chambermaid, The Bride Wore Black and multiple Orson Welles productions, has passed away. She was 89 years old. Sam Shepard Sam Shepard, Pulitzer-Prize winning author of plays, screenplays, stories and memoirs (Buried Child, Tooth of Crime, True West), and screen presence (Days of Heaven, The Right Stuff) has passed away. He was 73 years old. Twitter Followers/ Top 10 Twitter follower rankings drawn form Muck Rack’s database of journalists Journalists for June 2017: Journalist Network Followers (Millions) Anderson Cooper CNN 9.26 Rachel Maddow MSNBC 7.08 Barkha Dutt Washington Post 5.95 Rajdeep Sardesai India Today 5.94 Bill Simmons The Ringer 5.73 Michael Wilbon ESPN 4.01 Stpehen A. Smith ESPN 3.30 Nina Garcia Claire 3.27 Rahul Kanwai India Today 3.08 Erin Andrews ESPN 3.00 Top 10 networks (June 2017): Network Followers (Millions) CNN 38.7 ESPN 26.5 NBC News 21.6 The New York Times 21.3 MSNBC 19.9 The Washington Post 15.2 ABC News 14.8 BBC News 14.5 Fox News 12.3 Fox Sports 9.2 RETAIL FedEx/Holiday FedEx announced that it would not charge additional fees for most orders during Rates the holidays, in contrast to rival United Parcel Services’ (UPS) proclamation weeks ago that there would be a cost augmentation for services. SOCIAL Google/Stamp Rumors are circulating that Google is developing technology to let publishers create visual-oriented media content along the lines of Snapchat’s Discover. The project is dubbed Stamp. Participating publishers would run stories that could be several swipeable slides encompassing text, photos, and video – just as on Snapchat. Week of August 7, 2017 4 of 6 SPORTS Olympics/LA The International Olympics Committee has selected Los Angeles as the site for the Summer Games in 2028. The IOC will contribute $1.8 billion for planning and operating the Games. Note: The last time L.A. hosted an Olympic event was 1984. The U.S. last played host to the Olympics in 2002, when Salt Lake City organized the Winter Games. Olympics/Paris The IOC selected Paris to host the 2024 Games, an event that will mark the centennial of the city’s last Olympics. According to Olympic historian Bill Mallon, the IOC in 1921 awarded the 1924 Games to Paris because Pierre de Coubertin, the founder of the modern Olympics, was retiring and wanted to have the Games in his home country. Professional Fighters Mixed martial arts league, the Professional Fighters League (PFL) is planning to League launch an organized league with a regular season schedule commencing 2018, tournament style playoffs and $1 million championship staged at Madison Square Garden in New York at the end of the year. TECHNOLOGY Samsung/Chips Samsung Electronics, the South Korean technology entity best known for its smartphones and TV sets, just took the title of world’s largest chip maker by revenue, dethroning Intel from a perch it held for nearly a quarter century. VIDEO Amazon/YouTube Amazon has teamed with Kin Community on a home-improvement series, Stars dubbed Overhaul that presents the homes of YouTube stars receiving a makeover. The six episodes will feature home products consumers can buy on the platform and each YouTube star will create post show videos to air across social media. AT&T AT&T unveiled plans to create a business unit to build an advertising and analytics platform for the data and content assets the company will acquire from its pending deal with Time Warner. CBS All Access/CBSN As of the fall of 2017, CBS All Access subscribers will get access to CBSN, the 24/7 live, ad supported streaming news platform. Dish/TiVo Satcaster Dish has completed its migration to TiVo’s metadata platform, which it is using for program information and image based content across platforms, including linear TV, VOD and DVR services.
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