For $4.4 billion and at $50 a share, Verizon announced plans to acquire AOL. Under the deal, Verizon will own Adap.tv, Convertro, Moviefone, and entities such as Huffington Post and TechCrunch, among other assets. The combination of the networks will amass to the scale of Facebook and Google, according to a statement from AOL, with Verizon currently reaching 70 percent of web traffic across 1.5 billion desktops, TVs and mobile devices. Oded Napchi, Vice President of Product at online video content SPP Hiro Media, told Cynopsis he’s not surprised by the acquisition. “Traditional media is [now] invested in a new media shopping spree. Just think of Comcast buying FreeWheel, or RTL grabbing SpotXchange. Verizon wants AOL to be its significant foothold in the online video sphere. Their competitors should do the same – Time Warner would look great on Google’s arm at the next industry party, don’t you think?” Simulmedia CEO Dave Morgan also called the transaction a smart move. “The future of TV is more and more about on-demand, streaming and addressable ads across TV, tablets, PC and mobile devices,” he told Cynopsis. “AOL’s ad tech will immediately give Verizon a significant advantage in monetizing audiences both for their own inventory and for their programming partners.” The purchase is expected to close this summer.
In the latest Discovery shuffle post-Scripps acquisition, Jane Latman is new GM at Travel Channel, reporting to Henry Schleiff. Latman also will continue to serve as EVP, development and research, for Investigation Discovery and American Heroes Channel, and GM of Destination America.
Using science as the foundation for stunts and practical jokes, SciJinks, the new science prank show hosted by Johnny Galecki, will premiere Wednesday, May 16 at 10p on Science Channel. Galecki, along with science “prankologists” Tamara Robertson and Jason Latimer, test out science on unsuspecting marks, drawing from chemistry, physics, technology, engineering and more.
Amazon Prime Video continues to bolster its sports rights portfolio, locking in a deal with the USTA to snag the exclusive live telecast rights to the US Open Tennis Championships for the United Kingdom and Republic of Ireland. The five-year agreement, which begins with the 2018 US Open, will bring live and on-demand content to […]
Armed with its new Thursday Night Football package, FOX kicks off its coverage of the regular season with Week 1 as a national weekend on Sept. 9 pitting the Cowboys/Panthers and the Seahawks/Broncos at 4:25p while Thanksgiving will see the Redskins/Cowboys on the channel. This year’s Thursday Night Football package on FOX begins in Week […]
CBS renewed 11 more series for the 2018-19 season, for a total of 17, including the entire Tuesday and Friday night lineups. Coming back are Blue Bloods, Bull, Hawaii Five-0, Madam Secretary, MacGyver, NCIS: Los Angeles, NCIS: New Orleans, Survivor, The Amazing Race, 48 Hours and 60 Minutes.