Comcast/NBCU

Quote

Posted on February 18, 2016 by Conor Matthews

Conor Matthews

Comcast NBCUniversal logo featuring the iconic rainbow peackock

Since the invention of the radio, American families have gathered around the heath of the house daily, clamoring around an electric conduit of entertainment. History has developed the American hearth in time, from radio to television and film, and now, to the Internet. Since its inception, the American hearth’s form has changed, but one constant has remained—NBC. If the social, emotional, and cultural importance of Television, Radio, and Film are likened to a literal and metaphorical hearth, then NBCUniversal is the fortress in which this hearth was built.

The Construction of America’s TV Fortress

In 1926 David Sarnoff founded the National Broadcasting Company (NBC), making it America’s first permanent radio network. [1] NBC ruled the Golden Era of Radio in the 1930s, and Sarnoff was busy developing television for NBC.

Americans gather around the “American hearth” to watch TV

In 1939 at the World’s Far, Sarnoff presented regular television service on behalf of NBC. Meanwhile, Universal—founded by Carl Laemmle in 1912—was producing huge blockbusters that garnered Academy Awards. The two media companies would hold America’s attention independent of each other until their merger in 2004, at the hands of their parents General Electric and Vivendi.

The Acquisition of America’s TV Fortress

Comcast, however, bought the entire NBCUniversal assets from GE and Vivendi in March 2013. The merge augmented Comcast’s power to produce, and distribute media, a move critiqued by Susan Crawford as being too monopolistic. “‘Comcast [is] in a prime position to be the unchallenged provider of everything — all data, all information, all entertainment — flowing over the wires in its market areas’”.[2] Despite naysayers, the merge proved fruitful as NBC emerged as No. 1 in adults 18-49 for the Primetime Season 2013-14 year; the first time in over 10 years that NBC earned this superlative.[3]

The list of assets owned by NBCUniversal, and through extension Comcast, is expansive. NBC Cable boasts the names of well-known cable networks like Bravo, E!, USA, and Syfy; while NBCU has four broadcast assets—NBC, NBC News, NBC Sports, and Telemundu.

The Optimization of America’s TV Fortress

NBCU’s unwavering dominance in the TV industry has allowed the company to look inward at the current way their business operates, specifically their relationship to advertisers. No matter the client or project, however, NBCU remains focused on retaining the bold, and effective brand their audience knows well.

On February 24, 2016, NBCU announced a reworking of NBCUx, a development that allows programmatic buys for advertising clients on the company’s linear TV networks. NBCUx uses NBCU’s Advanced Targeting Platform to pinpoint correlations between the ad’s audience and the clients’ consumers.[4] NBCUx aids clients in understanding which ad slots are most cost efficient and worthwhile. Prior to the 2016 announcement of NBCUx, NBCUx was first used by a few select clients on NBCU’s digital platforms after the company’s 2015 Upfront. Since then, the success of NBCUx has been noted by Mike Farrell of Multichannel, who writes, “With ATP, NBCU has demonstrated that ads have a higher reach, and are more efficient as they are run across the entire portfolio”.[5] Khrishan Bhatia, EVP of Business Operations and Strategy, noted that last year NBCU’s digital growth was comprised of 40% video.[6] In turn, 40% of that 40% came from programmatic sources.

The 2016 expansion of NBCUx enables clients looking to buy ads on TV to forgo the traditional Nielsen model, which uses demographics ratings. NBCUx is pioneering programmatic buys in the TV world. Bhatia told reporters, “It’s the industry’s first national programmatic TV offering at scale”. NBCUx will be NBCU’s main talking point at their May 17, 2016 Upfront in New York City.[7]

NBCUx is working hard to pinpoint valuable customers and audiences of TV, something metadata and cookie mining is already helping many online platforms do. The advertisements on online platforms, however, lack what the television advertisements do possess —ads that make people want to get up and buy a product. On the subject of advertisements, Jim Bankoff, charmain and CEO of Vox Media details, “‘awareness creation, identity creation, brand building [are] the kind of things that television and magazines have been good at, creating that experience and telling marketers’ stories’”.[8] Understanding this dichotomy, NBCU is utilizing its 2015 $200million investment in the digital publisher, Vox Media, to reinvigorate the online ad-viewing experience.[9] The synthesis of this partnership is an inventory tool called Concert.

Concert guarantees brands advertisements that are mutually beneficial for both parties, utilizing “data targeting and a large, fraud-free audience that results in performance that’s 12 times what the average banner ad delivers”. Bankoff elaborates, “…now marketers who are looking to build brand can take advantage of the capabilities but can have beautiful advertising that performs well for them that doesn’t irritate—and actually delights—the audience…”.[10] Between all of NBCU and Vox Media’s online properties, Concert will have an audience of over 170 million people, with a majority of that audience being an extremely valuable demographic—Millennials.

Bobby Moynihan of ‘Saturday Night Life’ stars in a Fiat commercial [11]

Continuing to optimize their relationship with advertisements, The NBCU Content Studio was created with brands in mind. Specifically, NBCU will utilize the celebrity brands they have, like Jimmy Fallon of The Tonight Show Starring Jimmy Fallon, and Bobby Moynihan of Saturday Night Live to create content for companies looking to promote their own brand.[11] The NBCU Content Studio enables companies to fulfill the growing need to publish their own branded video content across multiple platforms like, Snapchat, Facebook, YouTube, and their own website. The clients will be able to utilize NBCU’s “creative talent, data, distribution and scale (including its partners BuzzFeed, Vox and AOL)”, while putting a representative of NBCU Television in front of the audience. The NBCU Content Studio is an example of NBCU’s understanding of the cogent convergence of brand and media.

The Future of America’s TV Fortress

Looking at the future of NBCUniversal indicates the same strong emphasis on online platforms as the company is doing currently. Specifically, in April 2016, NBCU and Amazon reached an agreement for the latter to carry SeeSo as part of their Amazon Prime bundle.[12] SeeSo is a comedy-only streaming service which features NBC sitcoms and other syndicated comedy programs. SeeSo’s potential success, or lack thereof, will help inform potential future endeavors of the company into OTP streaming services.

NBCUniversal’s May 17 upfront will be a critical moment to test the work the company has done on NBCUx, Concert, and The NBCU Content Studio. By buying into NBCU’s Upfront, clients will validate or invalidate NBCU’s efforts to optimize the workings of their company and brand. Furthermore, this coming year will serve as a test-run for the three projects. While some clients will leave NBCU’s Upfront with three more tools at their dispense, the work will continue after this year. NBCU’s relentless position at the top of the media industry inspires to make what works, really work.

[1] “Credo & History.” NBCUniversal Careers. NBCUniversal, n.d. Web. 22 Apr. 2016.
<http://www.nbcunicareers.com/our-company/credo-history>.

[2] Gustin, Sam. “Comcast’s NBCUniversal Deal: As One Media Era Ends, Another
Begins.” TIME. N.p., 14 Feb. 2014. Web. 22 Apr. 2016.
<http://business.time.com/2013/02/14/
comcasts-nbcuniversal-deal-as-one-media-era-ends-another-begins/>.

[3]”NBC Finishes No. 1 In 18-49 Demo For 2013-14 Primetime Season.” The Deadline.
N.p., 14 Sept. 2014. Web. 24 Apr. 2016. <http://deadline.com/2014/09/
nbc-ratings-primetime-2013-2014-primetime-season-835093/>.

[4] LaFayette, Jon.”New Currencies Used in NBCU Ad Data Deals.” Broadcasting & Cable. N.p., 14 Apr. 2016. Web. 19 Apr. 2016. <http://www.broadcastingcable.com/news/
currency/new-currencies-used-nbcu-ad-data-deals/155515>.

[5] Farrell, Mike. “#AdvancedAd 2016: Programmatic Expands Choice.” Multichannel
News. N.p., 5 Apr. 2016. Web. 19 Apr. 2016.
<http://www.multichannel.com/news/advanced-advertising/
advancedad-2016-programmatic-expands-choice/403878>.

[6] Lynch, Jason. “NBCUniversal Will Start Selling TV Advertising Programmatically This
Fall.” AdWeek. N.p., 24 Feb. 2016. Web. 21 Apr. 2016.
<http://www.adweek.com/news/television/
nbcuniversal-will-start-selling-tv-advertising-programmatically-fall-169850>.

[7] Andreeva, Nellie. “NBCUniversal Folds All Cable Networks Into NBC Upfront
Presentation.” The Deadline. N.p., 30 Mar. 2016. Web. 23 Apr. 2016.
<http://deadline.com/2016/03/
nbcuniversal-upfront-presentation-nbc-usa-syfy-msnbc-1201728552/>.

[8] Lynch, Jason. “NBCUniversal and Vox Team Up to Sell Cross-Platform, Premium
Digital Advertising.” AdWeek. N.p., 4 Apr. 2016. Web. 22 Apr. 2016.
<http://www.adweek.com/news/television/
nbcuniversal-and-vox-team-sell-cross-platform-premium-digital-advertising-170588>.

[9] Baysinger, Tim. “Why NBCU Invested $200 Million in Vox.” AdWeek. N.p., 13 Aug.
2015. Web. 23 Apr. 2016. <http://www.adweek.com/news/television/
why-nbcu-invested-200-million-vox-166368>.

[10]Lafayette, Jon. “NBCU, Vox Harmonize in Digital Ad ‘Concert’.”
Broadcasting & Cable. N.p., 4 Apr. 2016. Web. 23 Apr. 2016.
<http://www.broadcastingcable.com/news/currency/
nbcu-vox-harmonize-digital-ad-concert/155173>.

[11] Lynch, Jason. “NBCU’s New Studio Is Creating Branded Content for Viewers Beyond Its Own Platforms.” AdWeek. N.p., 20 Mar. 2016. Web. 22 Apr. 2016.
<http://www.adweek.com/news/television/
nbcus-new-studio-creating-branded-content-viewers-beyond-its-own-platforms-170264>.

[12] Would, Kristofer. “NBCUniversal’s comedy streaming service to allow
subscriptions via Amazon Read more: http://www.digitaltrends.com/movies/
nbcu-seeso-amazon-subscription/#ixzz46relKHHk Follow us: @digitaltrends on
Twitter | digitaltrendsftw on Facebook.” Digital Trends. N.p., 20 Apr.
2016. Web. 22 Apr. 2016. <http://www.digitaltrends.com/movies/
nbcu-seeso-amazon-subscription/>.

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

IAC

Posted on December 1, 2014 by jypirogo

by Jacob Pirogovsky

IAC began in 1986 and was originally called the Silver King Broadcasting Company and was owned by the Home Shopping Network. Later in 1992, it became its own publicly traded company. The company went through a series of name changes from USA Networks, Inc. to USA Interactive, before finally changing it to IAC/InterActiveCorp in July of 2004. Since that time IAC/InterActiveCrop has been acquiring a variety of companies in a very wide array of different fields. They divide their holdings into four main groups: Search and Applications, The Match Group, Media, and eCommerce. Each of these groups has a plethora of companies, as seen in the image below, all of which influence the decisions and finances of InterActiveCorp as a whole.

All 4 segments broken up, with revenue information. SOURCE: Berkeley Investment Group

This period* has seen a lot of changes for IAC, as well as its subsidiaries. One major one was that Bonnie Hammer, the chairman for NBCUniversal Cable was appointed to the board of IAC in September by IAC’s CEO Barry Diller, who says “She’s a superb businesswoman, programmer and brand builder.” With her expertise in the television industry, she will be able to give the company insight into growing audiences and as a very influential social activist she will be able to attract some positive press for IAC, especially in light of the drama surrounding Tinder’s executives.

In early September a court case was settled between one of Tinder’s co-founders, Justin Mateen, and an early employee, Whitney Wolfe, who accused Mateen of sexual harassment. IAC reached a settlement with Wolfe so that it wouldn’t go to trial, but

2 of Tinder’s Co-Founder’s – Sean Rad (left) and Justin Mateen (right). SOURCE: Forbes

everything was deemed confidential so much of what happened is unknown to the public. Mateen left the company after being suspended in July. Now, in November Tinder’s co-founder and CEO Sean Rad has been forced to step down by IAC. The news came to him while he was at the Forbes 30 Under 30 Summit in October, where he was about to announce that Tinder was going to monetize. Both of these things have big implications for Tinder and IAC. The app has grown 600% in the last year and has 30 million users who collectively check out 1.2 billion other users. With the new premium model, revenue predictions for 2015 are about $150 million. Rad, who will remain on the board of Tinder, is working with Matt Cohler, a partner at Benchmark and a newcomer to the Tinder board, to find a new CEO for the company.

SOURCE: Forbes

In terms of other finances, IAC released a third quarter earnings report for 2014 at the end of October. According to Yahoo! Finance, the company earned about $30 million more than analysts had predicted for this quarter. Overall, it has had 3% growth in the last year. In The Match Group, revenue increased by 12% and in the eCommerce segment, HomeAdvisor’s revenue grew 20%, with an overall growth of 14% in the segment. In the third quarter Search & Applications decreased 3% in the last year. Meanwhile, in the Media segment of IAC, Vimeo revenue increased by 30% and now has more than 530,000 subscribers; however, overall the Media revenue went down 1% in the last year.

IAC’s stock over the past year on the NASDAQ. SOURCE: Bloomberg Markets

Very recently in early November, Mindspark (an IAC subsidiary) acquired Apalon, a company that develops applications for Apple and Google Play, and whose apps have had more than 100 million downloads in the past year. “The combination of Apalon’s world-class mobile app development skills with Mindspark’s proven ability to distribute digital applications at scale is a huge differentiator and strategic advantage in the marketplace,” said Eric Esterlis, co-president of Mindspark. The two companies will complement each other and will help fight the decrease in revenue in the Search and Application segment of IAC.

SOURCE: About.com

Another revenue booster for that segment is the redesign of About.com’s website. The site hadn’t been redesigned since 2007, so the re-launch of the site in September has had some profound effects on users. On average they stayed on the site 24% longer and viewed 18% more articles than before the redesign. Additionally, the previous design was built to come up higher in Google searches to increase cost-per-click ad revenue; however, because Google’s algorithm is always changing and to decrease dependency on this type of ad, the site is now making more deals with advertisers to sponsor different sections of the site.

In the eCommerce segment, the EVP and CFO of Shoebuy.com, John Foristall was selected as an honoree “40 Under 40” award, which is given out annually by the Boston Business Journal to people who have made a major impact in their field. In addition, the company partnered with Rodgers and Hamerstein’s Cinderella to launch a limited collection of special occasion footwear inspired by the show. The cooperation helped increase the overall revenue of the segment.

In the media segment, Aereo, an online streaming service that offered live and recorded programs, filed for bankruptcy protection in November, after losing a major court case. The company was said to have violated programming copyright protections, according to a Supreme Court decision. The startup was beginning to revolutionize broadcast TV viewing, and even though it ended up failing, it will most likely lead to future attempts of a similar service.

SOURCE: Bloomberg WEST

Up until the past few years, Vimeo, another one of IAC’s media holdings, was having a hard time figuring out how to monetize, other than through subscription users. Now through Vimeo On Demand, their on demand platform, they have an additional revenue stream. In October, they made deals with two big YouTube producers, Phil DeFranco and the Orchard online network, which put their content onto Vimeo as well. Additionally, Vimeo just had their first original series, “High Maintenance,” premiere in November. According to Indiewire, the show is the future for web series and indie television. The series directors were in ongoing talks with FX to bring the show to cable, but ended up cancelling because they didn’t want to lose creative control. In light of that they made a deal with Vimeo for the financing. As Vimeo caters more towards industry professionals, the high production value show has found the perfect home and will bring more revenue to the site. Even though the show has always been on Vimeo, they are now promoting it; and they have given the series it’s own channel and have begun charging 1.99 per episode. This doesn’t seem to be a deterrent because according to Vimeo CEO Kerry Trainor, “High Maintenance” made more money in the first two days after it released and charged for episodes than it would have made with YouTube ad sales over the past two years.

High Maintenance // Stevie from Janky Clown Productions on Vimeo.

Overall, IAC/InterActiveCorp has had a very busy semester with lots of acquisitions and new deals being made to stay up to date in today’s ever changing fast-paced media driven world. As the year comes to an end, Ask.com recently released the top searches of 2014, marking a comeback in the struggling site. Looking ahead, in all four sectors of the company, IAC plans to maintain and increase its status as the 13th largest network in the world.

*a period from August 25th – December 1st 2014

KEY EXECUTIVES:
Barry Diller – Chairman & Senior Executive
Victor Kaufman – Vice Chairman
Jeff Kip – Executive VP & CFO
Greg Blatt – Chairman, The Match Group

Address:
555 West 18th Street
New York, NY 10011
Phone: 1-212-314-7300
Company URL: iac.com

Sources:

Forbes.com: Tinder harassment settlement, Tinder monetizing/new CEO
Variety.com: Bonnie Hammer story
Tvbythenumbers: Hammer’s social activism information
IAC.com: Q3 report, Brand homepages, executives, Press Releases
Yahoo! Finance: IAC financial information
Bloomberg.com: Aereo story, Vimeo’s new content
IndieWire.com: High Maintenance information
The Hollywood Reporter.com: Vimeo On Demand information
Fastcompany.com: About.com redesign

Images/Video:

-Forbes.com: Tinder Co-Founders, Sean Rad Interview
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Comcast – NBC Universal

Posted on October 31, 2013 by Angela Saggiomo

By Angela Saggiomo

30 Rockefeller Plaza
New York, NY 10112
212-664-4444
www.nbcuni.com

Key Executives [1]

-courtesy of nbcuni.com

Stephen Burke
CEO, NBCUniversal

-courtesy of stopthecap.com

Brian Roberts
Chairman and CEO, Comcast Corporation

-courtesy of nbcuni.com

Stuart Epstein
Executive VP and CFO, NBCUniversal

-courtesy of nbcuni.com

Robert Greenblatt
Chairman, NBC Entertainment

About the Company [2]

This picture provides a detailed list of holdings under the NBCU umbrella for each platform. (courtesy of williamsager.com)

NBCUniversal is a major American media company that owns and operates content across multiple platforms. NBCU distributes content through broadcast and cable television, film, and digital media. The company is owned by the Philadelphia based Comcast Corporation.

History [3]

-courtesy of toobtalk.com

In 2004 NBC and Universal merged to form NBCUniversal, a company jointly owed by General Electric and Vivendi. In 2009 the Comcast Corporation announced intentions of acquiring NBCU and the venture was completed in January of 2011 when Comcast became majority stockholders. In 2013 Comcast gained full ownership of the media conglomerate after purchasing GE’s minority stake for $16.7 billion.

Financials* [4]

NBCUniversal had a very successful third quarter in 2013. Overall revenue increased 3.9% to $5.9 billion. For the cable networks revenue is up 4% to over $2 billion, increasing 5.4% and 4.6% in distribution and advertising respectively. Broadcast also saw an increase in revenue, up 2.6% due to an increase in retransmission fees. This is an important increase because it is a fairly new revenue stream for the company.

*all financials are compared to third quarter results of 2012 excluding extra revenue generated by the 2012 Olympics which were broadcast by NBCUniversal during that period

In the News

The Esquire Network

-courtesy of g4tv.com

In early 2013 NBCUniversal announced plans to launch the Esquire Network on the low performing G4 [6]. However after examining network brands, and with less than a month before its unveiling, it was announced that it would instead replace the female skewing Style Network. With channels like Bravo, E! and Oxygen which tend to perform better with females, NBCU saw the launch of this network as a chance to appeal to a more male audience.

Since its debut in late September, Esquire has premiered original programming as well as aired rebroadcasts of NBC favorites such as Parks and Recreation and Late Night with Jimmy Fallon. The new network appeals to a male audience but differs greatly from its direct competition Spike and FX. The target audience is of the more sophisticated male population with many new shows about travel and cooking [7]. Esquire joins the ranks of NBCUniversal owned networks that are programmed around a very distinct brand, allowing them to better target specific audiences for advertisers.

Welcome to the Family! [5]

-courtesy of kidscreen.com

On November 13^th Comcast NBCUniversal announced the acquisition of the popular children’s cable network PBS Kids Sprout. NBCU already owned 40 percent of the network, buying the rest from PBS and HIT Television Ventures. The company first acquired management of the children’s network in 2011 during the merge with the Comcast Corporation.

The new ownership signals a significant change for the network, which will drop PBS from its title. NBCU plans to create much more original programming and mobile content for the network in order to better compete with rival networks such as Nick Jr. and Disney Jr. Overall NBCU has had trouble keeping up with social media content and this acquisition shows a step towards increasing their presence online [12]. By creating original shows for the network NBCU will own all rights and therefore be able to create much more digital content at a much lower cost.

On the heels of this announcement NBCUniversal also revealed that they would be shutting down KidsCo in early 2014. The network, co-owned by Corus Entertainment, could not find footing among the wide variety of children’s programing available in today’s market. Rather than splitting original children’s programming across multiple networks NBCU has decided to focus on one channel, allowing them to better distribute the content across multiple platforms. [8]

Ad Sales Overhaul

-courtesy of bloomberg.com

Following a successful season in upfront ad sales NBCUniversal has decided to revamp its Advertisement Sales Department [10]. Previously, the company would sell ad inventory on a single network. Rather, they plan to sell ad time based on “demographic and thematic lines” [9]. This way ad reps can offer sponsors distinct audience groups for a more targeted sales approach. Because NBCUniversal has so many cable channels with such defined brands they can use this new sales structure to capitalize on this strength.

Networks will be split into two major groups: mass-entertainment programming and lifestyle cable channels. The mass-entertainment channels will include NBC, USA and Syfy while the lifestyle group includes networks like E!, Bravo and Esquire [11]. The department also saw a great amount of layoffs as a result of the restructuring because many of the channels are being packaged together for ad sales.

On the Horizon

2014 Winter Olympics

-courtesy of www.mcwade.com

NBCUniversal will air the 2014 Winter Games this February, which will take place in Sochi, Russia. NBCU has been a long time broadcaster of the Olympic games, a deal that has proven very lucrative for the company in the past. Comcast NBCUniversal made a deal to pay $4.38 billion for the exclusive rights to the next four Olympic games. The deal also stated that NBCUniversal would air all the events live for the first time. This is a decision made after the results of the events at the 2012 London Summer Olympics were revealed through social media prior to their primetime broadcast [14].

This year’s winter games will involve six new events: the ski halfpipe, women’s ski jumping, biathlon mixed relay, a figure skating team event, and luge team relays [15]. However, the games have already received a great deal of bad press as a result of strict anti-gay laws put in place by Russian President Vladimir Putin. The politician enacted a national law that bans all homosexual activity and even support [16]. While the International Olympic Committee has ensured that this will not affect the games, many have chosen to boycott the events. It is still unclear as to how this will affect the NBCUniversal coverage of the games.

To Infinity and Beyond [13]

-courtesy of chatter-fest.com

NBCUniversal has made a deal with Virgin Galactic to broadcast the eccentric billionaire Richard Branson’s first commercial flight to space. Multiple networks within the NBCUniversal family will cover the flight, which takes off next year. It will begin with a primetime special of the take off followed by interviews conducted next day on the Today Show.

This deal signals a “continued push for live event programming from entertainment channels and news organizations,” an idea that was previously unpopular because of its lack of rebroadcast opportunity[13]. However with the emergence of new media, live broadcast such as this can be very lucrative because it can air across multiple platforms at the same time. This allows companies like NBCU to maximize their reach for a single broadcast.

Who They Are

Key Executives [1]

History

Financial

What’s New for NBCU

Seeso

Expanded Streaming Options

Fall TV Lineup/Cancellations

The Wiz! Live

Macy’s Thanksgiving Day Parade

Footnotes

About the Company [2]

History [3]

Financials* [4]

In the News

The Esquire Network

Welcome to the Family! [5]

Ad Sales Overhaul

On the Horizon

2014 Winter Olympics

To Infinity and Beyond [13]

Sources

[1] – List of Executives – NBCUniversal

[2] – About NBCUniversal – NBCUniversal

[3] – History of NBCUniversal – NBCUniversal

[4] – NBCUniversal Financials – Comcast Corporation

[5] – NBCUniversal Acquisition of Sprout – NYTimes

[6] – Esquire Network Takes over Style – The Hollywood Reporter

[7] – Review of Esquire Network – slate.com

[8] – KidsCo Shutting Down – The Hollywood Reporter

[9] – NBCU Ad Sales Revamp – Variety

[10] – NBCU Upfront Success – Variety

[11] – NBCU Layoffs – Variety

[12] – NBCU Social Media Footprint – Forbes

[13] – NBCU to Air First Virgin Space Flight – Capital New York

[14] – NBCU Olympic Deal – NYTimes

[15] – Six New Olympic Games – NBC Bay Area

[16] – Olympic Boycott – PRNewser