21st Century Fox (TV)

Posted on September 30, 2015 by Jason Mussman

Jason Mussman

21st Century Fox Corporate Logo [1] Source: 21st Century Fox

21^st Century Fox was formed on June 28, 2013 with the division of News Corp into two separate companies, 21^st Century Fox (The Entertainment Properties) and News Corp (The Publishing Properties) [2]. Founded by Rupert Murdoch, one of the most recognized names in the entertainment industry today, 21^st Century Fox was created to bring about the future of film and broadcasting industry [3]. Rupert Murdoch still remains Executive Chairman of the Board but on July 1^st 2015 Rupert Murdoch’s son, James Murdoch, took over as CEO [4]. 21^st Century Fox has a broad portfolio of global assets in the broadcast and film industry. 21^st Century Fox’s most prominent broadcast network are the FOX Networks.

Early in June 2015 21st Century Fox and News Corp. reached an agreement to move their world headquarters [5]. The new headquarters will be at the second World Trade Center site. The building being developed by Bjarke Ingels Group, will house studios, be completely state of the art and will put a new more meaningful location to 21st Century Fox [5]

21st Century Fox

Two World Trade Center

New York, NY 10006

…….

Executive Leadership

Rupert Murdoch [6]
Executive Chairman – 21st Century Fox. Source: Eva Rinaldi

Lachlan Murdoch [7] Executive Chairman – 21st Century Fox. Source: Deadline

James Murdoch [8]
CEO – 21st Century Fox. Source: Deadline

Background

21^st Century Fox reaches over 1.8 Billion customers daily through its portfolio of film, cable and broadcast networks [9]. 21^st Century Fox has assets in both the broadcast

Some assets owned by 21st Century Fox [11] Source: 21st Century Fox

and cable networks including, FOX, YES, FX, FXX, FOX News Channel, FOX Sports and the most recently acquired, National Geographic [9].

The FOX network currently has 16 shows in its fall lineup with hit show Empire, leading the ratings [10].

Financials

Fox Sports logo [13] Source: Fox Sports

21^st Century Fox continually innovates, standing behind its cable networks to drive revenue growth. The 21^st Century Fox brand is globally recognizable because of its strategy to acquire and keep viewers. Sports and News programming is the cornerstone of this strategy [12]. 21^st Century Fox continues to combat cord cutting by continuing to improve on its Sports and News content and programming [12]. These two types of content bring in a live audience and help keep 21^st Century Fox on top of the marketplace.

21st Century Fox Annual Revenue [15] Source: 21st Century Fox Investor Relations

In Fiscal 2015, 21^st Century Fox’ revenue dropped 9% from $31,867,000,000 to $28,987,000,000 [12]. The drop in revenue was due in large part to the sale of its direct broadcast networks [12]. During this same period, 21^st Century Fox held nearly 25% of the market share of all Cable Programming, second to only Disney [14]. While Television made up approximately 17% of 21^st Century Fox total revenue, it dropped 8%, or $401 Million from 2014 [12]. At the same time, advertising sales decreased by 14%. The main cause of the falling prices was due to lower ratings on the FOX networks entertainment shows [12].

Screenshot of market share for Cable Network Programming [14] Source: CSIMarket

21st Century Fox trades on the Nasdaq under the ticker FOXA. Today, December 1^st 2015, the share price for 21^st Century fox is $30.26 [16]. This is a 5.56% decline from fiscal 2014 where the stock sat at $35.79 [16]. As stated earlier, the decline in stock price was due to in large part to poor ratings from Fox’s entertainment shows [12].

FOXA Stock Price [27] Source: Google Finance

National Geographic Acquisition

National Geographic Cover – June 1985 [28] Source: National Geographic

With the goal of saving National Geographic and expanding on its efforts in science and innovation, National Geographic and 21^st Century Fox agreed on a Joint Venture. The deal took place on September 9^th creating the for-profit Joint Venture National Geographic Partners [17]. For $725 Million 21^st Century Fox will take control of 73% of National Geographic [18]. This merger will give 21^st Century Fox new assets on both the television and print front [19]. This merger will help both National Geographic and 21^st Century Fox, and will provide both companies with new assets in both content and financials. The National Geographic endowment will increase to $1 Billion, providing more finances for innovation and research throughout the world [18]. This move will help 21^st Century Fox reach a broader audience as well as give it more assets on the digital platform.

Empire

Promo for Empire [29] Source: Fox

January 7^th 2015, FOX Network, the leading cable network for 21^st Century Fox, premiered a new show that would significantly impact 21^st Century Fox as well as the world around it. Empire, a show that centers on African American artists and executives, are all seen fighting for control of a music empire [21]. Empire continually leads in ratings each week, bringing in massive revenue for 21^st Century Fox [20]. Currently, Empire is the second priciest show for advertisers, coming in just behind Sunday Night football. A typical ad spot for Empire, costs just around $500,000 [32]. While Empire brings in a diverse audience, it is one of the highest rated shows among African American viewers [22]. Empire is doing more than just helping Fox on screen. Because the show centers on the music industry, the show is also constantly creating new songs and new stars [22].

Presidential Debate

Tweet by Justin Haskins after 3rd Republican Primary Debate [30] Source: Justin Haskins, Twitter

Tweet by Mark Simone after 3rd Republican Primary Debate [31] Source: Mark Simone, Twitter

After rival network CNBC inappropriately handled the moderation of the third Republican Presidential primary debate, the RNC suspended its future debate scheduled with CNBC [23]. At this time FOX Business stepped up and requested to host the next debate.

The RNC agreed and stated that “Fox Business won’t become a character in the campaign soap opera”, something that CNBC was accused of doing in the prior debate [23]. CEO James Murdoch later stated that he was going to show America the way a real debate should be handled, giving time to the real issues of the economy and the future and not an entertainment show [23]. This move for FOX will not only help with ratings, it will also bring in significant cash. Because of its estimated 14 million viewer audience, it is estimated that each 30 second spot, will bring into Fox roughly $250,000 [23].

The Future

Assets of 21st Century Fox [26] Source: 21st Century Fox

21st Century Fox will continue to innovate and continue to bring in revenue for its shareholders. With its diverse and ever expanding portfolio, 21^st Century Fox will continue to be a a leader in the global entertainment industry. By continually investing and utilizing innovative methods to fight against cord cutting, 21^st Century Fox will continue to grow and produce strong earnings for its investors.

Breaking News!

The Primetime Emmy nominated show Bones is currently suing 20th Century Fox, a division of 21st Century Fox [24]. The lawsuit is being brought on by the actors and producers of the show. In the suit the plaintiffs claim that Fox made “sweetheart deals” that cheated them out of tens and millions of dollars [25]. Deschanel and Boreanaz, two of the stars of Bones, claim that they are contractually entitled to 3% of the shows profits. 21st Century Fox has not commented on the suit [24].

[1] “21st Century Fox.” Logopedia. Accessed December 02, 2015. http://logos.wikia.com/wiki/21st_Century_Fox.

[2] “21st Century Fox.” 21st Century Fox. Accessed December 01, 2015. https://www.crunchbase.com/organization/21st-century-fox#/entity.

[3] “21st Century Fox Success Story.” 21st Century Fox Profile, History, Founder, Founded, Ceo. Accessed December 01, 2015. http://successstory.com/companies/21st-century-fox.

[4] Lieberman, David. “It’s Official: James Murdoch To Become Fox CEO Sharing Power With Lachlan.” Deadline. June 16, 2015. Accessed December 01, 2015. http://deadline.com/2015/06/fox-james-murdoch-become-ceo-1201445613/.

[5] News, Bloomberg. “News Corp. Will Move Headquarters to 2 World Trade Center.” Latest from Crains New York Business. June 02, 2015. Accessed December 02, 2015. http://www.crainsnewyork.com/article/20150602/REAL_ESTATE/150609962/news-corp-will-move-headquarters-to-2-world-trade-center.

[6] Rinaldi, Eva. “Rupert Murdoch.” Digital image. December 21, 2012. Accessed December 2, 2015. https://en.wikipedia.org/wiki/Rupert_Murdoch#/media/File:Rupert_Murdoch_-_Flickr_-_Eva_Rinaldi_Celebrity_and_Live_Music_Photographer.jpg.

[7] “Lachlan Murdoch Exits Ten.” TelevisionAU. Accessed December 02, 2015. http://televisionau.com/2014/03/lachlan-murdoch-exits-ten.html.

[8] “James Murdoch Faces Shareholder Resistance Over Board Re-Election.” Deadline. November 20, 2014. Accessed December 02, 2015. http://deadline.com/2014/11/james-murdoch-faces-shareholder-resistance-over-board-re-election-1201290216/.

[9] “Investor Relations .” Investor Relations. Accessed December 02, 2015. http://www.21cf.com/Investor_Relations/.

[10] “FOX 2015-16 Season Ratings (updated 12/1/15) – Canceled TV Shows – TV Series Finale.” Canceled TV Shows TV Series Finale. December 01, 2015. Accessed December 01, 2015. http://tvseriesfinale.com/tv-show/fox-2015-16-season-ratings-38075/.

[11] “Index of /wp-content/uploads/2014/08.” Index of /wp-content/uploads/2014/08. Accessed December 02, 2015. http://marketbusinessnews.com/wp-content/uploads/2014/08/.

[12] “21st Century Fox Annual Report.” Accessed December 2, 2015. http://tcfeuspstrgektron.blob.core.windows.net/uploadedfiles/pages/investor_relations/21cf%202015ar%20web.pdf.

[13] Accessed December 2, 2015. http://a.fssta.com/content/dam/fsdigital/media/images/migration/press-releases/2014/05/06/121913-FSO-FOXSportsLogo-PI.vresize.1200.675.high.35.jpg.

[14] “FOXA’s Competition by Segment and Its Market Share.” Csimarket. Accessed December 1, 2015. http://csimarket.com/stocks/competitionSEG2.php?code=FOXA.

[15] “21st Century Fox Annual Report.” Accessed December 1, 2015. http://tcfeuspstrgektron.blob.core.windows.net/uploadedfiles/pages/investor_relations/21cf%202015ar%20web.pdf.

[16] “Twenty-First Century Fox Inc.” : NASDAQ:FOXA Quotes & News. Accessed December 02, 2015. https://www.google.com/finance?cid=25639.

[17] Laylin, Tafline. “National Geographic Contributors Embrace Fox Deal with Ample Cautio.” The Guardian. September 16, 2015. Accessed December 2, 2015. http://www.theguardian.com/media/2015/sep/16/national-geographic-21st-century-fox-merger-rupert-murdoch.

[18] “National Geographic Society and 21st Century Fox Agree to Expand Partnership.” National Geographic Society Press Room. September 09, 2015. Accessed December 02, 2015. http://press.nationalgeographic.com/2015/09/09/national-geographic-society-21st-century-fox-agree-to-expand-partnership/.

[19] Farhi, Paul. “National Geographic Gives Fox Control of Media Assets in $725 Million Deal.” Washington Post. September 9, 2015. Accessed December 02, 2015. https://www.washingtonpost.com/lifestyle/style/national-geographic-magazine-shifts-to-for-profit-status-with-fox-partnership/2015/09/09/7c9f034e-56f0-11e5-8bb1-b488d231bba2_story.html.

[20] Porter, Rick. “Rock Steady: The Most Consistently Rated Shows of Fall 2015.” TV By The Numbers by Zap2itcom. November 26, 2015. Accessed December 02, 2015. http://tvbythenumbers.zap2it.com/2015/11/26/rock-steady-the-most-consistently-rated-shows-of-fall-2015/.

[21] “Empire.” IMDb. Accessed December 02, 2015. http://www.imdb.com/title/tt3228904/.

[22] “A SPRAWLING EMPIRE: HOW FOX’S HIT TV SHOW AFFECTS MUSIC.” Nielsen. September 23, 2015. Accessed December 2, 2015. http://www.nielsen.com/us/en/insights/news/2015/a-sprawling-empire-how-foxs-hit-tv-show-affects-music.html.

[23] Gold, Hadas. “For Debate, Fox Business Aims to Be the Anti-CNBC.” POLITICO. November 9, 2015. Accessed December 02, 2015. http://www.politico.com/story/2015/11/fox-business-republican-debate-cavuto-bartiromo-215634.

[24] Patten, Dominic. “Fox “Cheated” ‘Bones’ Stars Out Of More Than $100M, New Profit-Participation Suit Claims.” Deadline. November 30, 2015. Accessed December 02, 2015. http://deadline.com/2015/11/bones-lawsuit-david-boreanaz-emily-deschanel-fox-barry-josephson-1201647064/.

[25] Balloni, Matthew. “‘Bones’ Producer Sues Fox for “Accounting Chicanery,” Claims Top Execs “Threatened” Him.” The Hollywood Reporter. November 25, 2015. Accessed December 02, 2015. http://www.hollywoodreporter.com/thr-esq/bones-producer-sues-fox-accounting-843854.

[26] Mussman, Jason Taylor. 21st Century Fox Brands. Digital image. Accessed December 1, 2015.

[27] “Twenty-First Century Fox Inc.” : NASDAQ:FOXA Quotes & News. Accessed December 02, 2015. https://www.google.com/finance?cid=25639.

[28] “Thoughts on Afghan Girl’s Third Cover Appearance as National Geographic Looks Back, Forward – Reading The Pictures.” Reading The Pictures. October 02, 2013. Accessed December 02, 2015. http://www.readingthepictures.org/2013/10/thoughts-on-afghan-girls-third-cover-as-national-geographic-looks-back-forward/.

[29] “Empire Review – Where Does Your Loyalty Lay? – Screen Sirens TV.” Screen Sirens TV. October 02, 2015. Accessed December 02, 2015. http://screensirenstv.com/empire-review-where-does-your-loyalty-lay/.

[30 ]Haskins, Justin. “CNBC Has Totally Discredited Itself Tonight with This Travesty of a Debate. The Questions Have Been Atrocious and Biased. #GOPDebate.” Twitter. October 28, 2015. Accessed December 02, 2015. https://twitter.com/TheNewRevere/status/659551198098386944?ref_src=twsrc%5Etfw.

[31] Simone, Mark. “The Big Winner of This Debate – FOX Business Network. CNBC Looking Too Biased, a Little Sleazy and Untrustworthy #GOPDebate #CNBCGOPDebate.” Twitter. October 28, 2015. Accessed December 02, 2015. https://twitter.com/MarkSimoneNY/status/659548475764420608?ref_src=twsrc%5Etfw.

[31] Poggi, Jeanine. “TV Ad Pricing Chart: ‘Sunday Night Football,’ ‘Empire’ Are Broadcast’s Most Expensive Ad Buys.” Advertising Age Media RSS. September 24, 2015. Accessed December 02, 2015. http://adage.com/article/media/ad-pricing-chart-sunday-night-football-empire-broadcasts-most-expensive-ad-buys/300516/.

Hearst Television #1

Posted on September 30, 2015 by Jamaya Powell

Jamaya Powell

Logo of the Hearst Corporation Source: BounceExchange.com [9]

History

The Hearst Corporation started out as a single newspaper by William Randolf Hearst in 1887.[1]

Founder of the Hearst Corporation, William Randolph Hearst
Source: Old-Picture.com [10]

Since then, the Hearst Corporation has grown to become one of the biggest media and information companies in the world. [2] Hearst incorporated broadcasting into its company in 1928, when they purchased WSOE radio in Milwaukee. The station also became the groundwork of WISN-TV. In 1948, after acquiring various stations across markets, Hearst launched WBAL-TV in Baltimore, WLWT-TV in Cincinnati, and WDSU-TV in New Orleans. These were some of the inaugural television stations in the nation. In 1953, Baltimore’s WBAL-TV was one of the first television stations to transmit in color, as well as launching the famous children’s show “Romper Room,” [3] that ran from the early 1950s to the 1980s. Throughout the years, Hearst Broadcasting acquired more broadcasting stations across various markets. In 1981, WCVB-TV in Boston was declared “the best television station in America” by the New York Times. Hearst Broadcasting acquired Argyle Television Inc., which owned six stations at the time, for $320 million dollars,[4] forming Hearst-Argyle in 1997.[2]

Here is a clip from the popular children’s TV show, Romper Room, as mentioned above. (https://www.youtube.com/watch?v=Xq9-8ZxZ6_Y)

One of the Hearst-Argyle’s stations, WISN-TV in Milwaukee, was the first station within its market to create their very own website, based off its weather segment.The website, which was started in 1997, offers snow closing information, around the clock. In that same year, KITV-TV in Honolulu was the first American digital commercially licensed TV station, which meant that they could provide digital high-definition television or HDTV, for short. Television Broadcast magazine named KITV “Broadcaster of the Year” in 1997. Later in 1999, New England’s WCVB-TV station was the first stations, local and nationwide, to produce an high-definition (HD) TV episode. The TV episode was of its renowned public-affairs program “Chronicle.” [2]

One of the first HD television programs created Source: Constant Contact Archive [11]

That same year, the Hearst-Argyle company acquired the Pulitzer Publishing Co, which owned nine TV stations and five radio stations. They also bought the television properties to Kelly Broadcasting Co. out of Sacramento, California. By the end of the year 1999, Hearst-Argyle owned 26 TV stations, which reached about 17.5 percent of U.S. households, and they acquired seven radio stations. [2]

Hearst-Argyle became one of the first major station groups to release a policy about not airing R-rated movies during prime time television, which is also family viewing time. They announced this policy in 2000, which was a very busy year for the company. They also partnered with the Belo Corporation and LIN Television and launched Broadcast Sales Academy, in order to train future sales professionals and they later launched the Producer Academy in 2002, a training program for the companies’ news producers. Hearst-Argyle had a joint venture with Gannett Broadcasting, the NBC station group and NBC Enterprises to develop and carry syndicated programs on their stations, reaching 60% of U.S. households. Hearst-Argyle was also the first large TV station group to commit at least 5 minutes of on-air time every night to focus on election coverage, starting 30 days leading up to the elections. This charge became the foundation of the company’s “Commitment 2000” effort, which worked to provide comprehensive political-news coverage through the election cycles and this effort later earned them a consecutive number of Walter Cronkite Awards, awarded by the University of Southern California’s Annenberg School for Communication. In 2004, the former president and CEO, David J. Barrett is named by Broadcasting & Cable magazine as “Broadcaster of the Year.” This year, every single Hearst-Argyle television station completed their transition into digital television broadcasting and some of them were the first to offer video on demand for local programming. [2]

One of Hearst’s college partnerships
Source: NCAT.edu [12]

In 2006, Hearst-Argyle partnered with North Carolina A&T University or NCAT for short, to train journalism students and it was one of many internship/ training programs partnerships the company has.[2]

Financials

Hearst Corporation is #33 of Forbes List of America’s Largest Private Companies and the company has produced over $10.3 billion in revenue. [5]

Key Executives

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Jordan Wertlieb President of Hearst Television Source: Hearst.com [13]

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Frank Biancuzzo Senior Vice President of Hearst Television Inc. Source: Hearst.com [14]

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John J. Drain Senior Vice President of Finance at Hearst Television Inc. Source: Hearst.com [15]

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Micheal J. Hayes Senior Vice President of Hearst Television Inc. Source: Hearst.com [16]

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Rodger Keating Senior Vice President of Hearst Television Inc. Source: Hearst.com [17]

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Neeraj Khemlani Co-President of Hearst Entertainment & Syndication & President of Hearst Digital Studios [18]

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George Kliavkoff Co-President of Hearst Entertainment & Syndication & President of Hearst Ventures [19]

Entertainment & Syndication

One of Hearst’s Entertainment & Syndication brands Source: Facebook [20]

Hearst Entertainment and Syndication is a combination of cable network partnerships, television programming activities, and newspaper syndication as well as merchandise licensing operations. Their brands include A&E Networks, Awesomeness TV, Complex, Cosmopolitan Television, ESPN, Hearst Digital Studios, Hearst Entertainment, King Features, NorthSouth Productions, Reed Brennan, and United Artists Media Group.[6]

One of A&E’s popular television shows
Source: Gstatic.com [21]

One of their television brands, A&E Networks, is an award-winning, global media content company. It consists of three brands: A&E Network, HISTORY, and Lifetime. [6] Some of their most popular shows on A&E Networks are Duck Dynasty, Married At First Sight, Storage Wars, The First 48, and Intervention. [7]

United Arts Media Group

The United Arts Media Group creates programming for all media platforms offered by Hearst, including on screen, online and on-the-go. [8]

Current Programming

The Voice Promo Flyer
Source: NBC [22]

United Arts Media Group (UAMG) has created many popular programming including The Voice, Shark Tank, and Survivor. The Voice is currently in its 6th season and has crushed its show rival, American Idol, by having higher viewers and its ability to hold the attention of their key demographic of Americans aged 18-49.

Their other show, Shark Tank, is steadily growing in viewership and in the young adult segment. One of their oldest shows, Survivor, has an average of 9.5 million viewers and has just entered its 29th season. They also produced a feature film called Son of God, which generated $60 million in revenue through U.S. box office sales alone. The film also sold over 700,000 DVDs. [8]

Just this year, they released a follow-up program to the mini TV series, The Bible, called A.D., a 12-hour series that premiered on Easter. They also released a new game show on ABC called 500 Questions. FOX has purchased episodes of UAMG’s hit show, Are You Smarter Than A 5th Grader? Due to the popularity of the original show, Shark Tank, they released a spin-off called Beyond The Tank, which follows up with the startup companies after they launch. They also teamed up with MGM and Paramount to create a remake of the movie, Ben-Hur. They also worked with Open Road to create the film, Little Boy. [8]

Works Cited

History. Hearst. N.p., n.d. Web. 30 Nov. 2015.
Hearst Television History. Hearst. N.p., n.d. Web. 25 Nov. 2015.
Romper Room. TV Party. N.p., n.d. Web. 01 Dec. 2015.
Gilpin, Kenneth N. Hearst to Buy Argyle TV In a Rare Public Venture. The New York Times. The New York Times, 26 Mar. 1997. Web. 01 Dec. 2015.
America’s Largest Private Companies. Forbes. Forbes Magazine, n.d. Web. 29 Nov. 2015.
A+E Networks. Hearst. N.p., n.d. Web. 01 Dec. 2015.
All Television Shows – A&E. AETV. N.p., n.d. Web. 01 Dec. 2015.
Entertainment. Hearst. N.p., n.d. Web. 27 Nov. 2015.
Unlock Your Highest Conversion Revenue. Bounce Exchange. N.p., n.d. Web. 01 Dec. 2015.
William Randolph Hearst. Old Picture. N.p., n.d. Web. 01 Dec. 2015.
Weekly News Update. Downtown Boston. N.p., n.d. Web. 01 Dec. 2015.
STUDENT SCHEDULE. NCAT. N.p., n.d. Web. 01 Dec. 2015.
Jordan Wertlieb. Hearst. N.p., n.d. Web. 1 Dec. 2015.
Frank Biancuzzo. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Bios. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Bios. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Rodger Keating. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Neeraj Khemlani. Hearst. N.p., n.d. Web. 01 Dec. 2015.
George Kliavkoff. Hearst. N.p., n.d. Web. 01 Dec. 2015.
CosmoTV. Facebook. N.p., n.d. Web. 01 Dec. 2015.
Gstatic. N.p., n.d. Web. 29 Nov. 2015.
The Voice. NBC. N.p., n.d. Web. 01 Dec. 2015.

Disney/ABC

Posted on September 30, 2015 by Leni Weisberg

Disney|ABC Logo -Source: thewaltdisneycompany.com

Headquarters (8)

500 South Buena Vista Street Burbank, CA 91521-4581

Executives (8)

Ben Sherwood; Co-Chair, Disney Media Networks President, Disney|ABC Television Group Photo from thewaltdisneycompany.com

Ben Sherwood; Co-Chair, Disney Media Networks President, Disney|ABC Television Group
Source: thewaltdisneycompany.com

Robert Iger- Chairman and CEO of Walt Disney source: thewaltdisneycompany.com

Walt Disney – Founder of Walt Disney Company source: thewaltdisneycompany.com

In 1923, Walt Disney and his brother, Roy founded the Walt Disney Company. The company is divided into corporate divisions: Parks and Resorts, Studio Entertainment, Disney Consumer Products, Disney Interactive, and Media Networks. Today, Disney is one of the largest companies in the world providing entertainment for children, adults, and families.

The Walt Disney Company Logo Source: thewaltdisneycompany.com

In 1996, Disney merged with Capital Cities/ABC and created the Disney|ABC Media Network division. It is comprised of 8 owned and operated stations, over 240 national affiliates, 20 cable channels, and equity shares with digital over the top platforms (1).

Finances

Disney Inc. is traded on the New York Stock Exchange Company. Their shares have been high for the past three months with their most recent share price at $114.05 (2). Their average earnings per share at the end of the 2015 fiscal year was $4.90 (4) .

DIS Stock Prices from September 1, 2015 to December 1, 2015. Picture from Market Watch.

DIS Stock Prices from September 1, 2015 to December 1, 2015.
Source: Market Watch.

Disney’s Media Network’s total revenue, year-end, was $23.264 billion and the total income was $7.793 billion (1).

Broadcast

The American Broadcast Company (ABC) is a branch of Disney Media Networks and was founded in 1943 (3). The Disney|ABC Television group is comprised of several businesses including ABC Entertainment Group (ABC Entertainment and ABC Studios), ABC Television Network, ABC News, ABC Family, ABC Owned Television Stations Groups, Disney|ABC Digital Media, and Disney|ABC Domestic Television (a network that airs syndicated programming) (1).

ABC logo. -Source abc.go.com

ABC’s Primetime Fall season has been doing relatively well with high ratings (5). They have primetime programming Sunday to Friday nights and on Saturday, they air football.

ABC 2015 schedule Photo from http://abc.go.com/schedule

ABC 2015 schedule- Source: abc.go.com/schedule

ABC has ten new shows for the 2015-2016 year. Five of the ten shows including Quantico, Blood & Oil, Wicked City, Dr. Ken, and The Muppets have already been premiered. Returning shows include Modern Family, Scandal, Nashville, Shark Tank, Fresh Off The Boat, Agents of S.H.I.E.L.D., Once Upon a Time, Jimmy Kimmel Live, and more.

While new shows Quantico, Dr. Ken, and The Muppets are doing quite well and are expected to be renewed for another season (6), Blood & Oil is not doing as well and very close to being canceled and Wicked City’s ratings plummeted quickly at a record low of 1.7 million viewers in their third week, and after their third episode, it was the first show of the season to be canceled.(12).

ABC’s 10:00 pm shows Monday through Wednesday are all doing poorly (9). Castle and Nashville are shows with poor ratings and are said to be in their last seasons are both in the 10:00 pm spot and Wicked City was in that spot as well (10).

Thursday Nights primetime 8:00-10:00 pm continue to have high ratings. Thursday is “Thank God It’s Thursday Shonda Night” with popular ShondaLand shows, Greys Anatomy, Scandal, and How To Get Away With Murder. ShonaLand’s fall season is doing very well with a large following and excitement around the three shows (5).

ABC’s total revenue for the 2015 fiscal year was $6.683 billion coming from renewal of affiliate deals and advertising sales. ABC’s primetime are top spots for ad sales due to their high ratings, especially on Thursdays 8:00-10:00 pm (10). Monday through Wednesday 10:00 pm spots are not as popular, but they still sell enough ad spots (3). ABC is earning more advertising revenue during the holiday season with specials and family favorites (14).

Cable

Disney’s Media Network owns and operates 7 cable networks and has shares in 13. Owning 100% of both Disney Channels and ABC Family, 80% share in ESPN, and 50% in A&E, Disney|ABC runs 20 networks with 1,832 million subscribers total. In the 2015 fiscal year end, Disney|ABC’s cable networks had $16.581 billion in revenues from subscribers and ad sales (1).

ABC Family logo Source: abcfamily.go.com

ABC Family recently released their winter premiere dates and have begun creating buzz around the return of popular shows Pretty Little Liars, The Fosters, Baby Daddy, Young & Hungry, along with the series premiere of Shadowhunters and Recovery Road. For the month of December, ABC Family filled their schedule with holiday programming, specials and movies (11).

Disney Channel Logos Source: disneyabcpress.co

Disney Channels include The Disney Channel, Disney Junior, programming for infants and toddlers, DisneyXD, Hungama, in India, and Radio Disney. have kid-friendly programming 24/7 with holiday programming in the month of December with holiday episodes, specials, and family movies (15).

DISNEY|ABC owns 80% of ESPN, a cable network with 7 channels and over 540 million subscribers (1). ESPN is one of the top networks for sports programming available through television, over the top streaming services, and radio broadcasts (16). ESPN has high ratings and does bring in ad revenue (19).

ESPN logo Source: espn.go.com

While ESPN provides Disney with 50% of their profit, over the past two years, ESPN has lost 7 million subscribers, which will effect the company (17). As such, ESPN has spent more money on operating and program expenses with hopes to bring in more subscribers and make the experience better for their current customers (18).

Disney|ABC will continue to work on gaining more cable subscribers through advertisements and programming (18). ABC is promoting their new shows for the winter season premiering in January including The Bachelor, The Catch, The Family, and Of Kings and Profits. Disney Channel recently became available in Canada and will continue to spread into other countries (20). In addition, they are working on future projects for ABC, including a Marvel comedy, Damage Control. Disney predicts their Media Network revenue to grow from their creative original content. (1)

Hopefully ABC will produce a successful show for the 10:00 pm spot and their cable networks gain more subscribers.

Sources

(1) Disney Annual Report. Retrieved December 2, 2015.https://www.thewaltdisneycompany.com/sites/default/files/reports/fy15-form-10k.pdf

(2) Disney Stock Information. Retrieved December 2, 2015. https://www.thewaltdisneycompany.com/investors/disney-stock

(3) Media Networks. Retrieved December 2, 2015 www.thewaltdisneycompany.com/disney-companies/media-networks

(4) Walt Disney Co. Retrieved December 2, 2015. https://www.marketwatch.com/investing/stock/dis/charts?symb=DIS&countrycode=US&time=6&startdate=1%2F4%2F1999&enddate=12%2F1%2F2015&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013

(5) ABC Renew/Cancel standings, week 10: ‘Quantico’ remains safe for now. Retrieved December 2, 2015. http://tvbythenumbers.zap2it.com/2015/12/01/abc-renewcancel-standings-week-10-quantico-remains-safe-for-now/

(6) ABC Renew/Cancel standings, week 10: ‘Quantico’ remains safe for now. Retrieved December 2, 2015. http://tvbythenumbers.zap2it.com/2015/12/01/abc-renewcancel-standings-week-10-quantico-remains-safe-for-now/

(7) No TV Shows Canceled? Retrieved December 2, 2015. ttp://www.latimes.com/entertainment/tv/la-et-no-canceled-tv-shows-20151105-story.html

(8) Company Overview. Retreived December 2, 2015. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=13728276

(9) Wicked City Cancellation. Retrieved December 2, 2015. http://www.ibtimes.com/abcs-cursed-tuesday-night-time-slot-wicked-city-cancellation-continues-three-year-2188192

(10) Fox, ABC Dramas Boast Biggest Lifts in C7 as Extended Commercial Ratings Favor the Strong. Retrieved December 2, 2015. http://adage.com/article/media/fox-abc-dramas-boast-biggest-lifts-c7/301137/

(11) ABC Family. Retrieved December 2, 2015. http://abcfamily.go.com

(12) ABC’s ‘Wicked City’ Ratings Are Historically Bad — How Low Can They Go? Retrieved December 2, 2015. https://www.thewrap.com/wicked-city-abc-tv-ratings-nielsen-drama-people-meter-disney-tax-credit/

(13) ABC Renewals. Retrieved December 2, 2015. http://tvbythenumbers.zap2it.com/2015/11/17/abc-renewcancel-standings-week-8-wicked-city-and-the-10-oclock-problem/

(14) Weekly Ratings. Retrieved December 2, 2015. http://tvbythenumbers.zap2it.com/2015/12/01/tv-ratings-monday-nov-30-2015/

(15) What’s On Disney Channel? Retrieved December 2, 2015. http://affiliate.zap2it.com/tvlistings/ZCSGrid.do?fromTimeInMillis=1449475200000&stnNum=12510&channel=&sgt=grid&aid=disn

(16) ESPN. Retrieved December 2, 2015. http://espn.go.com/

(17) ESPN Subscribers Fall. Retrieved December 2, 2015. http://www.cnbc.com/2015/11/27/disneys-espn-subscribers-fall.html

(18) Disney Feels Pain of Lost Subscribers. Retrieved December 2 2015. http://www.bloomberg.com/news/videos/2015-11-30/disney-feels-pain-of-seven-million-lost-espn-subscribers?cmpid=yhoo.headline

(19) Disney Posts Strong Ad Revenue. Retrieved December 2, 2015. http://www.mediapost.com/publications/article/262014/disney-posts-strong-ad-revenues-for-espn-abc.html

(20) Disney Channel in Canada. Retrieved December 2, 2015. http://www.theglobeandmail.com/report-on-business/corus-gains-canadian-rights-to-disney-channel-content/article23983642/

Discovery Communications, Inc.

Posted on September 30, 2015 by Alisa Sokolova

By Alisa Sokolova

[1] Discovery Communications’ log

Discovery Communications, Inc

One Discovery Place

Silver Spring, MD 20910

240-662-2000

http://corporate.discovery.com/

Background and History:

Discovery Communications, Inc (DCI) is an international mass media entertainment company. Based in Maryland, U.S., it manages 150 television networks and 33 worldwide channels (both satellite and cable) [2]. DCI operates in 220 countries, broadcasting in 45 different languages and reaching three billion viewers a week [3]. DCI both produces its оriginаl content, which is primarily non-fiction, and аcquires some programming from producers worldwide [4]. The company also produces and distributes educational products and school services, such as digital textbooks [5].

Discovery GO’s logo. The new streaming app introduced on December 2nd, 2015 [13].

DCI was initially established by John Hendricks in 1985 as a single Discovery Channel [6]. During the 1990’s the company developed additional networks, including Discovery Kids, Animal Planet and Discovery Travel [7]. In 1995, Discovery Communications launched its first website Discovery Channel [8]. Today, the company’s online streaming is estimated to get 400 million hits monthly [9]. Most of the shows are also available on Netflix, iTunes, YouTube, and Revisob3.com. [10] [11]. On December 2^nd 2015, DCI became part of TV Everywhere business model, by launching its new streaming app – Discovery GO. The app, mostly available to the pay TV subscribers only, allows viewers to access the content of DCI’s networks from any device [12].

Key Executives:

[14] David Zaslav – President and CEO of Discovery Communications

[15] Jean-Briac (JB) Perrette – President Discovery Network International

[16] Andrew Warren – Chief Financial Officer and Senior Vice President

International Expansion in Fall 2015:

DCI exemplifies the successful international company with over 300 million international subscribers [17]. With new head of Discovery Networks International Programming and Operations, Darcy Tomlin (appointed in October), this season has been especially contributive to DCI’s overseas growth [18].

DCI’s executives hosting the show gathered for the finale [59].

This fall DCI organized many promotional events abroad [19]. For example, DCI’s networks CEEMEA (Central & Eastern Europe, Middle East) hosted an exclusive event in Johannesburg on November 18th [20]. The company presented its major projects coming up in 2016 to it’s 200+ event attendees [21]. Among the introduced projects were Discovery Chanel’s “Sherpa,” Animal Planet’s “The Lion Queen” and TLC’s “Belief.” The event, hosted by DCI’s executives, was marked by the performances of Discovery stars, such as Andi Rive (“The Lion Queen”), Whitney Thore (“My Big Fat Fabulous Life”) and magician Troy (“Troy”) [22].

Eurosport’s logo [30]

DCI has been strengthening its presence not only in African, but also in European markets. This fall was the first season of DCI’s full ownership of Eurosport International – one of the largest European sport-entertainment networks, which was recently acquired by DCI from TF1 [23]. The purchase is especially important as Eurosport won the multi-platform rights for broadcasting the Olympic Games from 2018 to 2024 [24].

In September, DIC also signed a partnership agreement with Russian Media Group, forming Media Alliance and securing Discovery’s presence in the local market [25]. (So far there are 11 DCI channels available in the country [26].) Media Alliance will launch a development of a new regional free-to-air channel and distribute the Discovery and Eurosport pay TV portfolio. In the Russian market, Discovery Channel, TLC, and Animal Planet are the lеаders in nonfiction content, while Eurosport is the primary pay TV spоrt-related chаnnel [27].

International expansion allows DCI to maintain growth despite a recent decline in the US market [28]. Last year, international markets brought the company 55% of its overall revenues, while this number is projected to reach 65% by 2018 [29]. Therefore, more international deals and promotional events are expected in the future.

Fall 2015 Releases:

“Exorcism: Live!”

On October 30^th, DCI’s Destination America featured its Halloween-special “Exorcism: Live!”– a two-hour broadcast during which a team of so-called “paranormal professionals” tried to purify a supposedly “possessed” house in St. Louis [31]. The show is closely related to “The Exorcist” book by William Peter Blatty: “Exorcism: Live!” took place in the house where the exorcism was performed, in 1949, which inspired “The Exorcist” novel [32]. According to producer Jodi Tovay, the main event wasn’t about saving a possessed person, but rather about an attempt to cleanse evil from the house itself in a ritual Tovay referred as “a hybrid of an exorcism and a blessing” [33]. Audiences had a chance to actively participate in the event by following several live cameras put around the house online. Producers encouraged viewers to assist the exorcism team and report mysterious activity through Twitter, using the #exorcismlife hashtag [34]. Selected tweets appeared live on air [35]. As a result, “Exorcism: Live!” became the #1 non-football live event on cable in October [36]. For the target audience P25-54, the show gained a 0.59 for L+3 ratings compared to its competitors’ A&E’s 0.34 and National Geographic’s 0.19. The show was also the #1 most mentioned event on Twitter on October 30th, generating 29 thousand tweets [37].

Official trailer of “Exorcism: Live!” [38]

“Lost & Found.”

Lost & Found advertising on Facebook [57]

On November 11th, Discovery Family Channel featured a premier of its strongly anticipated “Lost & Found.” [39] In this reality show, produced by Leftfield Pictures, a team of “professional finders” helps people to find someone they have wanted to thank for a long time (for instance, middle school teachers, old friends, and lost relatives) [40]. “Lost & Found” is a fragment of Discovery Family Channel’s “Project Thank You,” which is a multiplatform campaign to bring people together to say thanks [41]. Throughout all of November, the channel is featuring gratitude-centered programming, vignettes and online campaigns [42].

Financials:

DCI is a рublic соmpаny, trading in NASDAQ stock market [43]. Its most recent stock price (as of November 27th) of $31.08 per share reflects the company’s positive tendency over the last three months [44]. During the third quarter this year, DCI’s revenues decreased 1% (from $1,573 million in the Q3 of 2014 to $1,557 million in Q3 of 2015) [45]. The decrease, however, is caused by currency effects, without which the company would gain 8% more revenue in comparison with last year [46]. The biggest sources of revenue were domestic advertising and distribution [47]. The revenues coming from both of these sources have increased by 5% in advertising (from $388 million in 2014 to $410 in 2015) and by 11% in distribution (from $318 million in 2014 to $357 million in 2015 )[48]. This September, Discovery hosted its first ever Investor Day in NYC, which attracted 300 attendees, including investors, financial analysts and industry journalists [49]. During the event, DCI’s CEO David Zaslav announced the plans for long-term international and domestic development and revealed that DCI wоuld rеаch thrее billiоn subsсribеrs by the end of 2015 [50].

Positive tendency of Discovery Communication’s
NASDAQ stock price [58]

Projections for Discovery Communications

Louie Psihoyos' quote about “Racing Extinction.”

The quote of the director of Racing Extinction Louie Psihoyos [50].

There are several trends in DCI’s future: international expansion, high involvement with the Olympic Games through Eurosport, increase of subscribers and most importantly a transition from entertainment to more documentary-oriented content [51]. Over the past years, there has been a lot of criticism of Discovery’s pseudo-scientific shows, such as “Shark Week” [52]. However, it’s soon to be changed. John Hoffman, appointed this year as a head of Discovery Channel, has promised to bring more factual and scientifically accurate programming [53]. In fact, the impact of this transition is already in the air. This fall season has already increased the expanding list of DCI’s documentaries by the newly-released shows such as “Marooned,” “Nuremberg: Nazi Judgment Day” and “Melting: Last Race to the Pole” [54]. Furthermore, on December 2^nd, Discovery is releasing its highly anticipated “Racing Extinction” [55] This documentary, directed by Academy Award winner Louie Psihoyos, portrays an ecosphere of endangered species and the activists’ efforts to save them [56]. Therefore, there is firm evidence that DCI will remain a major educational entertainment network appealing to large ranges of audiences all over the world.

Sources:

[1] Discovery Communications’ Logo. Retrieved 25 November, 2015. http://logok.org/discovery-channel-logo/

[2] Discovery Communications, Inc. – Company Profile, Information, Business Description, History, Background Information on Discovery Communications. Retrieved 28 November, 2015. http://www.referenceforbusiness.com/history2/74/Discovery-Communications-Inc.html

[3] Discovery Networks International. Retrieved 28, November 2015. https://www.linkedin.com/company/discovery-communications-international-division

[4] Discovery Communications, Inc. – Company Profile, Information, Business Description, History, Background Information on Discovery Communications, Inc. Retrieved 28, November 2015. http://www.referenceforbusiness.com/history2/74/Discovery-Communications-Inc.html

[5] Discovery Communications. Retrieved 28 November, 2015. http://research.omicsgroup.org/index.php/Discovery_Communications

[6] John Hendricks: How He Built The Discovery Channel From Scratch. Retrieved 28 November, 2015. http://www.forbes.com/sites/danschawbel/2013/12/29/john-hendricks-how-he-built-the-discovery-channel-from-scratch/

[7] Discovery Through Decades. Retrieved 28 November, 2015. http://30yearsofdiscovery.com

[8] Discovery Communications, Inc. – Company Profile, Information, Business Description, History, Background Information on Discovery Communications, Inc. Retrieved 28 November, 2015. http://www.referenceforbusiness.com/history2/74/Discovery-Communications-Inc.html

[9] DCI Annual Report 2014. Retrieved 28 November, 2015. https://corporate.discovery.com/wp-content/uploads/2015/07/disca2014_download.pdf

[10] Discovery Digital networks. Retrieved 28 November, 2015. http://discoverydn.com/about

[11] Search Results for Discovery Channel. Retrieved 28 November, 2015. http://dvd.netflix.com/Search?v1=discovery%20channel

[12] Discovery Communications Launches new TV Everywhere Platform. Retrieved 28 November, 2015. http://www.cynopsis.com/story/discovery-communications-launches-new-tv-everywhere-platform/

[13] Discovery Introduces App For TV Everywhere Streaming: Discovery Go.Retrieved 27 November 2015. http://deadline.com/2015/12/discovery-go-tv-everywhere-streaming-app-1201648066/

[14] Davis Zaslav. Retrieved 27 November 2015. https://corporate.discovery.com/our-company/leadership/

[15] Jean-Briac Perrette. Retrieved 27 November 2015. https://corporate.discovery.com/our-company/leadership/

[16] Andrew Warren. Retrieved 27 November 2015.https://corporate.discovery.com/our-company/leadership/

[17] DCI Annual Report 2014. Retrieved 28 November, 2015. https://corporate.discovery.com/wp-content/uploads/2015/07/disca2014_download.pdf

[18] Velocity’s Darcy Tomlin Segues To Discovery’s Intl Content Group In VP Role.Retrieved 28 November, 2015.http://deadline.com/2015/10/darcy-tomlin-named-discovery-networks-intl-vp-programming-operations-1201581144/

[19] Discovery newsroom. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/

[20] Discovery Networks CEEMEA Hosts 2016 Upfront Presentation in Johannesburg. Retrieved 28 November, 2015. https://corporate.discovery.com/tag/first-heartbeat/

[21] Discovery Networks CEEMEA Hosts 2016 Upfront Presentation in Johannesburg. Retrieved 28 November, 2015. https://corporate.discovery.com/tag/first-heartbeat/

[22] Discovery Networks CEEMEA Hosts 2016 Upfront Presentation in Johannesburg. Retrieved 28 November, 2015. https://corporate.discovery.com/tag/first-heartbeat/

[23] Discovery Communications agrees To Take Full Control of Eurosport. Retrieved 28 November, 2015.https://corporate.discovery.com/discovery-newsroom/discovery-communications-agrees-to-take-full-control-of-eurosport/

[24] IOC awards all TV and multiplatform broadcast rights in Europe to Discovery and Eurosport for 2018-2024 Olympic Games. Retrieved 28 November, 2015. http://www.olympic.org/news/ioc-awards-all-tv-and-multiplatform-broadcast-rights-in-europe-to-discovery-and-eurosport-for-2018-2024-olympic-games/246462

[25] Discovery to Stay in Russia with National Media Group Deal. Retrieved 28 November, 2015. http://variety.com/2015/tv/global/discovery-to-stay-in-russia-with-national-media-group-deal-1201579590/

[26] Russian Government Approves Discovery’s Joint Venture With National Media Group. Retrieved 28 November, 2015. http://www.hollywoodreporter.com/news/russian-government-approves-discoverys-joint-829832

[27] Discovery to Stay in Russia with National Media Group Deal. Retrieved 28 November, 2015. http://variety.com/2015/tv/global/discovery-to-stay-in-russia-with-national-media-group-deal-1201579590/

[28] Discovery finds rapid growth in international expansion. Retrieved 28 November, 2015.https://technology.ihs.com/551573/discovery-finds-rapid-growth-in-international-expansion

[29] Discovery finds rapid growth in international expansion. Retrieved 28 November, 2015.https://technology.ihs.com/551573/discovery-finds-rapid-growth-in-international-expansion

[30] Eurosport. Retrieved 28 November, 2015. http://www.eurosport.com

[31] TV Review: ‘Exorcism: Live! Retrieved 28 November, 2015. http://variety.com/2015/tv/reviews/exorcism-live-review-destination-america-the-exorcist-house-1201629070/

[32] Halloween Scares Up Televised Live ‘Exorcism.‘Retrieved 28 November, 2015. http://news.discovery.com/history/religion/halloween-scares-up-televised-live-exorcism-151028.htm

[33] Exorcism: Live! Creator on Cleansing House That Inspired The Exorcist: ‘It Is Not a Hoax.’ Retrieved 28 November, 2015. http://www.people.com/article/exorcism-live-sneak-peek-interview

[34] History or Exorcism House. Retrieved 28 November, 2015.http://www.destinationamerica.com/tv-shows/exorcism-live-countdown/exorcism-live-the-history/

[35] Discovery newsroom. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/

[36] Exorcism: Live! Possesses Top Ratings Spot for Live Cable Event in October. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/exorcism-live-possesses-top-ratings-spot-for-live-cable-event-in-october/

[37] Exorcism: Live! Possesses Top Ratings Spot for Live Cable Event in October. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/exorcism-live-possesses-top-ratings-spot-for-live-cable-event-in-october/

[38] Don’t Miss Exorcism: LIVE! Retrieved 28 November, 2015 https://www.youtube.com/watch?v=L1UKWPkkwHo

[39] Project Thank You. Retrieved 28 November, 2015 http://www.multichannel.com/prfeed/november-discovery-family-channel-s-project-thank-you-encourages-and-empowers-viewers-have-attitude-gratitude/393778

[40] Discovery Family Channel Reunites Grateful Owners With Meaningful Mementos In Heartwarming New Series, Lost And Found. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/discovery-family-channel-reunites-grateful-owners-with-meaningful-mementos-in-heartwarming-new-series-lost-and-found-wt/

[41] Discovery Family Channel And VolunteerMatch Empower Families To Give Back In Their Local Communities. Retrieved 28 November, 2015. http://www.prnewswire.com/news-releases/discovery-family-channel-and-volunteermatch-empower-families-to-give-back-in-their-local-communities-300158796.html

[42] This November, Discovery Family Channel’s Project Thank You Encourages and Empowers Viewers to Have an Attitude of Gratitude. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/this-november-discovery-family-channels-project-thank-you-encourages-and-empowers-viewers-to-have-an-attitude-of-gratitude/

[43] Discovery Communications Inc. Series A. Retrieved 28 November, 2015 http://quotes.wsj.com/DISCA/company-people

[44] Discovery Communications, Inc. Stock Quote & Summary Data. Retrieved 28 November, 2015. http://www.nasdaq.com/symbol/disca

[45] Discovery Investors relations, Quarterly Reports. Retrieved 28 November, 2015. http://phx.corporate-ir.net/phoenix.zhtml?c=222412&p=irol-reportsOther

[46] Discovery Investors relations, Quarterly Reports. Retrieved 28 November, 2015. http://phx.corporate-ir.net/phoenix.zhtml?c=222412&p=irol-reportsOther

[47] Discovery Investors relations, Quarterly Reports. Retrieved 28 November, 2015. http://phx.corporate-ir.net/phoenix.zhtml?c=222412&p=irol-reportsOther

[48] Discovery Investors relations, Quarterly Reports. Retrieved 28 November, 2015. http://phx.corporate-ir.net/phoenix.zhtml?c=222412&p=irol-reportsOther

[49] Discovery Communications Details Plans For Long-Term Growth at Investor Day. Retrieved 28 November, 2015. http://ir.corporate.discovery.com/mobile.view?c=222412&v=203&d=1&id=2091481

[50] Discovery Communications Details Plans For Long-Term Growth at Investor Day. Retrieved 28 November, 2015. http://ir.corporate.discovery.com/mobile.view?c=222412&v=203&d=1&id=2091481

[51] Brand Value: TV Content Providers Have Their Say. Retrieved 28 November, 2015. http://www.broadbandtvnews.com/2015/11/26/brand-value-tv-content-providers-have-their-say/

[52] Fraud, Deception And Lies: How Discovery’s Shark Week Became The Greatest Show On Earth. Retrieved 28 November, 2015. http://blogs.discovermagazine.com/science-sushi/2014/07/18/fraud-deception-lies-discoverys-shark-week-became-greatest-show-earth/#.Vl9604RX-UV

[53] Discovery Channel Is Finally Breaking Up With Bad Science. Retrieved 28 November, 2015. http://www.motherjones.com/media/2015/11/racing-extinction-climate-change-discovery-john-hoffman

[54] Discovery newsroom. Retrieved 28 November, 2015. https://corporate.discovery.com/discovery-newsroom/

[55] Racing Extinction. Retrieved 28 November, 2015. http://racingextinction.com

[56] Discovery Channel Is Finally Breaking Up With Bad Science. Retrieved 28 November, 2015. http://www.motherjones.com/media/2015/11/racing-extinction-climate-change-discovery-john-hoffman

[57] Family Channel Facebook page. Retrieved 28 November, 2015.https://www.facebook.com/DiscFamily/photos/a.155347071181050.33326.119249468124144/898567963525620/?type=3&theater

[58] Discovery Communications, Inc. Stock Quote & Summary Data. Retrieved 28 November, 2015. http://www.nasdaq.com/symbol/disca

[59] Discovery Networks CEEMEA Hosts 2016 Upfront Presentation in Johannesburg. Retrieved 28 November, 2015. https://corporate.discovery.com/tag/ceemea/

Comcast/NBCU

Posted on September 30, 2015 by Nicholas Ross

Nick Ross

NBCUniversal Logo (Source: nbcuniversal.com)[21]

30 Rockefeller Plaza
New York, NY – 10112
(212) 664-4444

Who They Are

NBC Universal is a subsidiary of Comcast with this article focusing primarily on the television arm of the NBC Universal family. NBC is perhaps best known for broadcast television which includes NBC Entertainment (what people think of when they think of shows like Parks and Recreation, The Office, and 30 Rock), NBC News, NBC Sports, the NBC Olympics, and Telemundo. They also have many holdings in cable including Bravo, CNBC, E!, the Esquire Network, the Golf Channel, MSNBC, NBC Sports Network, Oxygen, Syfy, The Weather Channel, and the USA Network. NBCU also owns three TV production studios which include Universal Television, Universal Cable Productions, and Telemundo Studios. Beyond the network level of the company, NBCU also has various regional television holdings. They own twenty-eight NBC and Telemundo local stations as well as ten NBC sports regional networks across the country. NBCU is also a partner in the video streaming site Hulu.[1]

NBCU Holdings (Source: tvmediainsights.com) [23]

Key Executives [1]

Matt Bond
Chairman, Content Distribution

Steve Burke
CEO

Patricia Fili-Krushel
Executive Vice President

Cesar Conde
Chairman, NBCU International Group & Telemundo Enterprises

Robert Greenblatt
Chairman, NBC Entertainment

History

NBC History (Source: Rocketland Photography/Pinterest) [24]

NBC Universal traces its roots to the National Broadcasting Company. NBC was founded in 1926 as a radio broadcasting company by the Radio Corporation of America (RCA).[2] NBC is the oldest major broadcast network in the United States. They began television broadcasts in the late 1930s as one of the first major television networks. NBC Universal was formed when NBC and Universal merged in 2004.[3] The new company was owned by General Electric and Vivendi. Then, in 2009, Comcast announced plans to buy a controlling 51% stake in NBCU. [4] The deal went through and GE owned 49% of the company following the acquisition. In March of 2013, GE divested its stake resulting in Comcast owning 100% of the company. [5] Comcast continues to own the entirety of NBC Universal to this day.

Financial

Comcast stock has been on the rise over the past three months. As a whole, the stock has climbed by about $5. In their 2015 Quarter 3 earnings report on October 27, NBC Universal has also been doing well as part of the Comcast portfolio.[6] NBCU revenue increased 20.8% and NBC ranked as number one among adults 18-49 for the fifth summer in a row. NBC also won the opening two weeks of the broadcast season for the fourth straight year among adults 18-49.

Stock price chart for Comcast over the past three months.

Comcast stock prices over the past three months. (Source: Google/Yahoo Finance)[22]

What’s New for NBCU

Seeso

The biggest story right now for NBCU is the imminent launch of their new internet streaming comedy service called Seeso. The service launches on December 3 in a public beta.[7] Users will be able to sign up with an e-mail address and the service will be free for the first month. After this initial beta, the service will cost just $3.99 per month.[8] Rather than targeting broader demographics as services like Netflix or Amazon Prime do, Seeso aims to target a more narrow market: comedy fans. NBC hopes to use the service to mine the value of its comedy programming like Saturday Night Live, and all of its late-night comedy programming.[9] This service won’t just recycle content that’s already aired, however. Its biggest selling point is the original content. The service will launch with 20 original programs in its first year alone. Dan Harmon, best known for creating NBC’s Community and Adult Swim’s Rick and Morty,[10] will be a driving force behind the creation of original content for Seeso.[9] Beta members will also get access to a live stand-up comedy special “The Guest List: Live From The Barrel House” which will stream on December 8^th, exclusively on Seeso.7 NBCU mentions that the service will be available in full in January including access to connected devices, however it does not specify which devices (AppleTV, Roku, Amazon FireTV, etc.) it will be available on.

Video: NBCU/Seeso [7]

Expanded Streaming Options

Amazon’s Fire TV (Source: idownloadblog.com) [25]

Over-the-top services are the story right now for NBCUniversal. In October, Amazon and NBCU were rumored to be in talks about creating a live-streaming option on Amazon’s popular Fire TV platform for NBC content.[11] The option would allow users to access NBC content live as well as on-demand via Amazon’s set top box. Nothing has yet been confirmed by either Amazon or NBCU, however just a few weeks ago, CBS launched its “All Access” service which allows for CBS on-demand and live content on the Fire TV.[12] It is more than likely that NBC will be soon to follow. Important to note is that NBC News already has an Amazon Fire TV app which allows for viewing of live and on-demand content, but this applies only to news content.[13] It does not include NBC’s vast collection of entertainment content. The rumored new application would allow for the entire NBC collection as well as expanded live programming options.

Fall TV Lineup/Cancellations

The Player Poster (Source: NBCUniversal) [26]

As NBC looked forward at the beginning of its fall season, they were counting on old, reliable shows to bring them the numbers they’d gotten in the past. As usual, The Voice, The Biggest Loser, and Dateline returned as perennially successful programs.[14] Sunday Night Football also continues to be number one in primetime ratings and will continue to be broadcast through the fall season. NBC’s fall slate of shows, however, has seen relatively low ratings across the board.[15] The Player, receiving a dismal 0.83 rating, already had its order reduced from thirteen episodes to nine before being cancelled.[16] Truth Be Told (0.63) and Undateable (0.77) are already airing Friday nights and are likely next on the NBC chopping block. Grimm is pulling a 0.98 rating on Fridays and is still hanging on in its fifth season. No word yet on its cancellation.

The Wiz! Live

David Alan Grier as the Cowardly Lion (Source: NBCU/AdAge) [19]

Well known for its past live events, NBC is now producing The Wiz! Live to air on December 3^rd.[17] In the past, NBC has produced Peter Pan Live, and The Sound of Music Live to fairly good ratings (2.4 and 4.6 respectively[18]) and they hope to capitalize on this “live event” success with The Wiz!. Starring Queen Latifah, Mary J. Blige, David Alan Grier, Stephanie Mills, Common, and newcomer Shanice Williams as Dorothy, the star power is there for a good event.[19] NBC has also secured a variety of sponsorships for the broadcast with some of the same sponsors who funded past live events returning again. The live event should have very little in the way of competition in its Thursday night time slot.

Macy’s Thanksgiving Day Parade

A perennial ratings boon for NBC, the annual Macy’s Thanksgiving Day parade did not disappoint in 2015. The three-hour event drew a 12.6 rating, the highest of any program all season.[20] The broadcast also pulled in a 7.0 rating among adults 18-49 which is up slightly from the previous year’s broadcast.

Macy’s Thanksgiving Day Parade (Source: forthemommas.com) [27]

Footnotes

[1] NBC Universal Business – Corporate Site. Retrieved November 30, 2015. http://www.nbcuniversal.com/business/

[2] Various Authors. September 1926. Announcing The National Broadcasting Company, Inc. Retrieved November 30, 2015. http://earlyradiohistory.us/1926nbc.htm

[3] NBC Universal Careers – Credo & History. Retrieved December 1, 2015. http://www.nbcunicareers.com/our-company/credo-history

[4] Goldman, David. December 3, 2009. GE, Comcast announce joint NBC deal. Retrieved November 30, 2015. http://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm

[5] Lieberman, David. March 19, 2013. Comcast Completes Acquisition Of GE’s 49% Stake In NBCUniversal. Retrieved November 30, 2015. http://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/

[6] October 27, 2015. COMCAST REPORTS 3RD QUARTER 2015 RESULTS. Retrieved November 30, 2015. http://www.cmcsa.com/releasedetail.cfm?ReleaseID=938550

[7] NBCUniversal – Seeso Is Coming. Retrieved November 30, 2015. http://www.nbcuniversal.com/article/seeso-coming

[8] Jarvey, Natalie. October 15, 2015. NBCUniversal to Launch Comedy Streaming Service Seeso. Retrieved December 1, 2015. http://www.hollywoodreporter.com/news/nbcuniversal-launch-comedy-streaming-service-832351

[9] Littleton, Cynthia. October 30, 2015. Upright Citizens Brigade, Dan Harmon Drive Originals Strategy For NBCUniversal’s Seeso. Retrieved December 1, 2015. http://variety.com/2015/tv/news/dan-harmon-upright-citizens-brigade-nbcuniversal-comedy-seeso-1201630545/

[10] IMDB Page – Dan Harmon. Retrieved November 30, 2015. http://www.imdb.com/name/nm1363595/

[11] Risley, James. October 7, 2015. Amazon rumored to be in talks with CBS, NBCUniversal for live streaming TV. Retrieved November 28, 2015. http://www.geekwire.com/2015/amazon-rumored-to-be-in-talks-with-cbs-nbcuniversal-for-live-streaming-tv/

[12] Fingas, Jon. November 23, 2015. CBS’ streaming video service comes to Amazon’s Fire TV. Retrieved December 1, 2015. http://www.engadget.com/2015/11/23/cbs-all-access-on-amazon-fire-tv/

[13] Amazon Fire TV Product Page. Retrieved December 1, 2015. http://www.amazon.com/Amazon-DV83YW-Fire-TV/dp/B00U3FPN4U

[14] Kissell, Rick. June 2, 2014. NBC Announces Fall Premiere Dates for New, Returning Series. Retrieved December 1, 2015. http://variety.com/2014/tv/news/nbc-announces-fall-premiere-dates-for-new-returning-series-1201207308/

[15] December 1, 2015. NBC Renew/Cancel standings, week 10: ‘Grimm’ need not be scared yet. Retrieved December 1, 2015. http://tvbythenumbers.zap2it.com/2015/12/01/nbc-renewcancel-standings-week-10-grimm-need-not-be-scared-yet/

[16] Friedlander, Whitney. October 23, 2015. NBC Cuts Episode Order for Wesley Snipes Thriller ‘The Player’. Retrieved December 1, 2015. http://variety.com/2015/tv/news/the-player-cancelled-nbc-wesley-snipes-1201621293/

[17] Gajewski, Ryan. November 2, 2015. Watch NBC’s ‘The Wiz Live!’ Teaser: “There Is No Place Like Home”. Retrieved December 1, 2015. http://www.hollywoodreporter.com/live-feed/watch-nbcs-wiz-live-teaser-836259

[18] Kissell, Rick. December 5, 2014. ‘Peter Pan Live’ Ratings: Not ‘Sound of Music’ Big But Strong for NBC Thursday. Retrieved December 1, 2015. http://variety.com/2014/tv/news/peter-pan-live-ratings-not-sound-of-music-big-but-strong-for-nbc-thursday-1201371871/

[19] Crupi, Anthony. November 30, 2015. NBC’s ‘Wiz’ to Ease On Down the Road with Reddi-Wip. Retrieved December 1, 2015. http://adage.com/article/media/nbc-ease-road-reddi-wip/301515/

[20] Porter, Rick. November 27, 2015. Macy’s Thanksgiving parade draws big ratings for NBC. Retrieved December 1, 2015. http://tvbythenumbers.zap2it.com/2015/11/27/macys-thanksgiving-parade-draws-big-ratings-for-nbc/

[21] NBCUniversal Corporate Website. Retrieved November 30, 2015. http://www.nbcuniversal.com/

[22] Google Finance – CMCSA. Retrieved December 1, 2015. http://www.google.com/finance?q=NASDAQ:CMCSA

[23] Berman, Mark. July 15, 2015. NBC Universal Portfolio Closes Upfront Selling at a Reported $6 Billion. Retrieved December 1, 2015. http://www.tvmediainsights.com/highlights/nbc-universal-portfolio-closes-upfront-selling-at-a-reported-6-billion/

[24] History of NBC Logos – Pinterest. Retrieved December 1, 2015. https://www.pinterest.com/pin/401946335463790603/

[25] Zibreg, Christian. April 2, 2014. Amazon unveils its Apple TV competitor: meet the $99 Fire TV set-top box. Retrieved December 1, 2015. http://www.idownloadblog.com/2014/04/02/amazon-firetv/

[26] Tallerico, Brian. September 21, 2015. TV REVIEW: NBC LAUNCHES THREE NEW DRAMAS IN “BLINDSPOT,” “THE PLAYER,” “HEROES REBORN”. Retrieved December 1, 2015. http://www.rogerebert.com/demanders/tv-review-nbc-launches-three-new-dramas-in-blindspot-the-player-heroes-reborn

[27] 2015 Macy’s Thanksgiving Day Parade. Retrieved December 1, 2015. http://forthemommas.com/thanksgiving/2015-macys-thanksgiving-day-parade

AMC Networks #1

Posted on September 30, 2015 by John Pearson

John Pearson

Source: amcnetworks.com [1]

11 Penn Plaza

New York, NY, 10001

Main phone: 212-324-8500

Key Executives:

Josh Sapan, President and CEO [2] Source: amcnetworks.com

Edward A Carroll--Chief Operating Officer

Ed Carroll, COO [3] Source: amcnetworks.com

Sean Sullivan, EVP and CFO [4] Source: amcnetworks.com

Background

Source: Wikia [5]

AMC Networks was founded in 1980 under the name Rainbow Media. A joint venture between NBC and Cablevision Systems Corporation, it intended to provide special interest programming to niche audiences [6]. In 2011, Rainbow Media spun off as AMC Networks to publicly trade on the NASDAQ under current President Josh Sapan, and AMC Networks was born [7]. Since, AMC Networks has surfaced to the forefront of specialty and original programming.

Programming

The Walking Dead on AMC [8] Source: AMC

Currently, AMC Networks owns AMC, BBC America, IFC, Sundance TV, We TV, IFC Films, and AMC Networks International [9]. Among their most popular shows are The Walking Dead, Breaking Bad, Better Call Saul, Mad Men, and, more recently, Doctor Who and Fear the Walking Dead [10]. AMC Networks have some of the most-watched content on television. They have incorporated Rainbow Media’s ideas of providing specialized programming rather than general content that could appeal to a broader audience [11] to great success. The AMC channel has had great success with its original content. To date, its series have the top three most-viewed debuts in cable television history [12].

2015 Ratings Drop

Ratings for this season of The Walking Dead dropped 15% from last year, causing AMC Networks’s stock to drop 5.1%. Economist Michael Morris of Guggenheim Partners attributed this to the company’s over-reliance on the show. However, he went on to say that the financial reaction may have been excessive. The debut provided apt competition with the NFL that weekend, and has consistently sat at the top of original cable programming throughout the season’s run [13].

Source: American Cable Association [14]

Other Content

In addition to the original content on the AMC channel, AMC Networks produces original content on their IFC and SundanceTV channels. They also produce original reality content on their channel WeTV.

Recent Acquisitions

Source: The Wrap [15]

BBC America

By far AMC Networks’s most significant and instantly-rewarding act in the last year has been to enter into a partnership with BBC Worldwide in 2014, purchasing an operationally controlling, 49.9% equity stake in BBC America [16]. This allowed AMC to renegotiate BBC America’s cable costs, along with the rest of its channels, due to the increased value of content [17]. This follows CEO Josh Sapan’s interest in developing AMC Networks into more of a global company: controlling international content being distributed in the United States as well as increasing overseas distribution.

Source: AMC Networks [18]

Chellomedia (AMC Networks International)

AMC Networks’s other major acquisition of the last year has been that of Chellomedia form Liberty Global. AMC Networks owns the entirety of Chellomedia, which they have rebranded as AMC Networks International. This has gained AMC Networks a “suite of networks” distributing to 390 million homes in 138 different countries.

These networks largely carry entertainment programming and movies, similar content and (presumably) similar audiences to those whom AMC Networks already reaches. The deal has two big advantages: it will allow the company to expand its other international programming channel, IFC Films, and it will give original content not before distributed to these markets a second run. This especially will come in handy for shows currently nearing their end in the company’s current markets [19].

International Concerns

AMC Networks’s international efforts have yet to pull their own weight, posting consistent losses as they find their footing in foreign markets. Domestic production has more than made up for the losses, however, allowing AMC Networks to exercise more patience and wait for the international networks to become profitable. For example, in its most recent quarter, the network’s International and Other divisions posted a $6 million increase in operating loss [20], but that was balanced by a 50.2% growth in operating income [21] from the National division. The final result was a 44.5% ($49 million) overall increase in operating income. The BBC America acquisition has affected this number by lessening the losses in operating income. CEO Josh Sapan has repeatedly voiced his faith in the prospects of these divisions building momentum [22].

Financial Status

AMC Networks Stock Performance in 2015. Source: NASDAQ [23]. For more and real-time stock info, click here.

AMC Networks performed outstandingly in the third quarter of 2015. Net revenues increased 21.7% ($113 million), a full $632 million overall over the same period last year. Adjusted Operating Cash Flow (AOCF) [24] rose to $191 million, a 34.3% increase over the same period last year. This number is perhaps the most significant as it represents an increased ability to produce new and better content.

Their stock quote as of December 2, 2015 posts an $83.10 average at a volume of 767,441, earning $4.85 per share [25].

Strategy

AMC Networks make most of their money from owning and operating some of the most critically-acclaimed, popular, and recognizable content brands on cable and distributing those brands as widely as possible. At their disposal, their biggest strengths are a strong industry presence and portfolio of brands, a broad distribution reach on their national networks, award-winning content, a strong revenue from their affiliation agreements. All of this makes them a highly sought-after advertising platform.

Some of their biggest difficulties include intense competition, a small number of distributors for their networks, shifting audience tastes, continuing to produce popular programming, viability of their business acquisitions, and a significant debt .

Conclusion

If AMC Networks is not the top cable network, it certainly lies among the best. Their popularity and quality of content makes it one of the highest rated networks in most markets. At the moment, their greatest aim is to expand their content to an international level, which would be greatly beneficial to their ratings if their original content can get a complete second run in foreign markets that have not yet seen it, even after the content’s run in AMC’s current markets has finished. As seen in the figure below, AMC Networks is on an upward trend, its relative youth and high cost of producing high-quality content slowing its ascent relative to its peer group. Increased international distribution and the BBC America acquisition will help to make AMC Networks more competitive in this standing [26].

AMC Networks 4-year Performance Chart [27]. Source: United States Securities and Exchange Commission

CEO Josh Sapan, the skilled leader who led the network to the top after the 2011 split from Cablevision, will remain at the helm, leading the international expansion. They have the necessary solutions in the works for the possible challenges they face in the future, viewers switching to more digital habits, a need for new high-quality original content, and the unsustainability of their international ventures. Overall, AMC Networks is a solid company, a solid investment, and a solid advertising prospect.

Sources

[1] amcnetworks.com, retrieved November 14 from www.amcnetworks.com

[2] amcnetworks.com, “Josh Sapan,” retrieved November 14 from http://www.amcnetworks.com/about-us/leadership/joshua-sapan

[3] amcnetworks.com, “Ed Carroll,” retrieved November 14 from http://www.amcnetworks.com/about-us/leadership/ed-carroll

[4] amcnetworks.com, “Sean Sullivan,” retrieved November 14 from http://www.amcnetworks.com/about-us/leadership/sean-sullivan

[5] Bigvoice313, “Rainbow Media Holdings Logo,” retrieved December 1 from http://logos.wikia.com/wiki/File:Rainbow_Media_Holdings_logo.png

[6] Fabrikant, Geraldine, “NBC and Cablevision Plan Joint Programming Venture,” retrieved November 20 from http://www.nytimes.com/1988/12/23/business/the-media-business-nbc-and-cablevision-plan-joint-programming-venture.html?src=pm

[7] Jarzemsky, Matt, “Cablevision to Rename Rainbow,” retrieved on November 27 from http://www.wsj.com/articles/SB10001424052748704823004576192942165989226

[8] AMC, “The Walking Dead,” retrieved November 27 from http://www.amc.com/shows/the-walking-dead/talk/2013/09/the-walking-dead-season-4-poster-revealed

[9] amcnetworks.com, retrieved November 30 from amcnetworks.com

[10] AMC Networks, “AMC Networks Inc. Reports Third Quarter 2015 Results,” retrieved on December 1 from http://files.shareholder.com/downloads/ABEA-66DSMZ/1100377276x0x859197/B19048DF-3B85-4BB7-A915-F4682D97A48A/AMC_Networks_3Q15_Earnings_Release_11_5_15_FINAL.pdf

[11] Rainbow Media Holdings, “About Rainbow: Our Story,” retrieved on December 1 from http://web.archive.org/web/20080222055629/http://www.rainbow-media.com/about/ourstory_timeline80.html

[12] Kissell, Rick, “AMC’s ‘Fear the Walking Dead’ Has the Highest-Rated First Season in Cable History,” retrieved on December 1 from http://variety.com/2015/tv/news/ratings-fear-the-walking-dead-cable-record-1201610178/

[13] Lieberman, David, “AMC Networks Shares Hit By ‘Walking Dead’ Ratings Drop, But Is It Overkill?” Deadline retrieved on December 1 from http://deadline.com/2015/10/amc-networks-shares-fall-walking-dead-ratings-drop-1201579442/

[14] American Cable Association, “AMC Networks,” retrieved on December 1 from http://www.americancable.org/aca_associate_members

[15] Neededog, Jethro, “AMC Networks in Talks to Buy 50 Percent of BBC America,” The Wrap, retrieved on December 1 from https://www.thewrap.com/amc-networks-in-talks-to-buy-50-percent-of-bbc-america-report/

[16] AMC Networks, “About Us,” retrieved on December 2 from http://www.amcnetworks.com/about-us

[17] Neededog, Jethro, “AMC Networks in Talks to Buy 50 Percent of BBC America,” The Wrap, retrieved on December 1 from https://www.thewrap.com/amc-networks-in-talks-to-buy-50-percent-of-bbc-america-report/

[18] AMC Networks International, retrieved on December 1 from http://www.amcnetworks.com/amcni

[19] Farrell, Mike, “AMC to Rebrand Chellomedia,” Multichannel News, retrieved on December 1 from http://www.multichannel.com/news/news-articles/amc-rebrand-chellomedia/375755

[20] Investopedia, “Operating Loss – OL,” Investopedia, retrieved December 2 from http://www.investopedia.com/terms/o/operating-loss.asp

[21] Investopedia, “Operating Income,” Investopedia, retrieved December 2 from http://www.investopedia.com/terms/o/operatingincome.asp

[22] AMC Networks, “AMC Networks Inc. Reports Third Quarter 2015 Results,” retrieved on December 1 from http://files.shareholder.com/downloads/ABEA-66DSMZ/1100377276x0x859197/B19048DF-3B85-4BB7-A915-F4682D97A48A/AMC_Networks_3Q15_Earnings_Release_11_5_15_FINAL.pdf

[23] NASDAQ, “AMC Networks Inc. Stock Chart,” nasdaq.com, retrieved on December 1 from http://www.nasdaq.com/symbol/amcx/stock-chart

[24] Investopedia, “Operating Cash Flow – OCF,” Investopedia, retrieved on December 2 from http://www.investopedia.com/terms/o/operatingcashflow.asp

[25] NASDAQ, “AMC Netowrks Inc. Stock Quote and Summary Data,” nasdaq.com, retrieved on December 1 from http://www.nasdaq.com/symbol/amcx

[26] AMC Board of Directors, “AMC Networks, Form 10-k,” United States Securities and Exchange Commission, retrieved on December 2 from http://secfilings.nasdaq.com/edgar_conv_html%2f2015%2f02%2f26%2f0001514991-15-000007.html#FIS_BUSINESS

[27] “Comparison of Cumulative Total Return,” United States Security and Exchange Commission, retrieved on December 2 from http://secfilings.nasdaq.com/edgar_conv_html%2f2015%2f02%2f26%2f0001514991-15-000007.html#FIS_BUSINESS

Principles & Practices

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Monthly Archives: September 2015