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09.01.2024 / 21:07

AI Startup Waymark Develops Platform to Create TV Ad Spots in Minutes, Sets Broad Pact with Scripps Co. Stations

Cynthia Littleton Business Editor As Hollywood tries to get its arms around the potential uses of generative AI, a Detroit-based tech firm has quietly spent the past few years building a video AI platform that can create ready-to-air TV commercials in a matter of minutes. Waymark has signed a broad pact with E.W. Scripps Co.

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The CW To Launch On New Affiliate Stations In Seattle And Pittsburgh As Part Of Broader Deal With Sinclair Timed To Start Of College Football

The CW and Sinclair Broadcast Group have reached an affiliate renewal deal spanning 35 markets, including the launch of the broadcast network on stations in Seattle and Pittsburgh.

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Nexstar Exec on Why It and CBS Are Willing to Pick a Fight With Paramount Over Deal With Internet Streamer Fubo

Jennifer Maas TV Business Writer Nexstar is still dark on internet streamer FuboTV on Tuesday, the TV station group giant’s president and chief operating officer explained why. “We are in a dispute with CBS right now over the Fubo situation,” Tom Carter said during a Morgan Stanley-hosted investor conference. “But keep in mind that virtual MVPDs contribute less than 10% of our distribution revenue and our distribution revenue is about half of our total revenue and Fubo is the smallest vMVPD we deal with. So we’re talking about a relatively minor amount of money, quite honestly, to both us and CBS. So it’s kind of easy to pick Fubo as a fight to have.” Nexstar executive vice president and chief financial officer Lee Ann Gliha noted: “We view this as a CBS-only issues and it’s just driven by the specific issues that surround the CBS situation.”

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TV Meteorologist & Pilot Die In Helicopter Crash In North Carolina

WBTV meteorologist Jason Myers and pilot Chip Tayag died in a helicopter crash Tuesday while reporting for the CBS affiliate station in Charlotte, NC, the station confirmed.

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Tegna Shareholders Approve Sale Of Broadcaster To Standard General, Apollo Global

Big broadcaster Tegna is in the home strength of a long and sometimes contentious change of ownership, announcing that its shareholders have approved a sale led by investment firm Standard General.

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NBCUniversal And Investment Partner Pay $293M For 30% Stake In Grand Ole Opry And Related Country Music Properties

NBCUniversal and investment partner Atairos have paid $293 million for a 30% stake in fabled country music brand the Grand Ole Opry and a cluster of related Nashvlle-based live entertainment and assets.

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‘Grand Ole Opry’ Owner Sells Minority Stake to Atairos and NBCUniversal for Nearly $300 Million

Cynthia Littleton Business EditorRyman Hospitality Properties, the Nashville-based parent company of the Grand Ole Opry, has struck a deal to sell a 30% stake in its entertainment operations to investment firm Atairos and NBCUniversal.The transaction values Ryman Hospitality’s Opry Entertainment Group unit at about $1.4 billion in total. Atairos and NBCUniversal will invest approximately $293 million in Opry Entertainment Group (OEG), which consists of the weekly “Grand Ole Opry” stage show and media rights, Nashville’s famed Ryman Auditorium, the legendary Nashville radio station WSM-AM and a 50% stake in TV channel Circle, the streaming home of “Grand Ole Opry.” The pact calls for Atairos to invest another $30 million in OEG down the road if certain performance targets are met.

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Big Broadcaster Tegna Sold To Standard General, Apollo Global

Big publicly-traded broadcaster Tegna, which has been in play for months, agreed to sell itself to Standard General and investors led by Apollo Global Management and its Cox Media Group.

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Byron Allen Makes $8.5B Cash Bid For Broadcaster Tegna

By Jill Goldsmith

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