Like all news networks, CBS News is in the streaming platform game. The news network has announced that The Wall Street Journal’s Anthony Galloway will oversee day-to-day programming and production as the senior vice president of CBS News Streaming.
In addition to Galloway, CBS News brings in Kaci Sokoloff as vice president of bookings for CBS News Network and Streaming and David Reiter as executive producer of CBS News special events across Network and Streaming.
“As we unify our organization, we’re delighted to bring together a team who will accelerate our streaming ambitions,” Neeraj Khemlani, president and co-head of CBS News and Stations, said.
“Anthony, Kaci and David will bolster our coverage of top news events on every platform and help us achieve a vision of a truly multiplatform, global news division.”
Galloway joins CBS News from The Wall Street Journal. He most recently held the newsroom role of the chief content officer, editorial video, audio, and voice programming titles with the newspaper.
Sokoloff is a promotion from within CBS News as he will now lead a centralized Network bookings unit surrounding CBS News’ broadcast and streaming platforms.
Reiter is another promotion from within as he’s spent the last 20 years at ABC News serving as a journalist and news executive. He will oversee breaking news and significant global event coverage, including the upcoming State of the Union, CBS News’ midterm elections, and election night, across traditional linear and digital platforms.
Court Approves Audacy Reorganization Plan
“We have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business.”
A United States Bankruptcy Court for the Southern District of Texas has approved a plan for Audacy to reemerge from its bankruptcy proceedings.
Under the plan, Audacy will equitize more than $1.5 billion of funded debt, which reduces its debt load by 80%, down from $1.9 billion to $350 million.
Audacy Chairman David Field was encouraged by the development.
“Today’s announcement marks a powerful step forward for Audacy, positioning the Company for an exciting future,” said David Field, who also serves as the President and CEO of Audacy. “As expected, we have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business.
“We aim to drive accelerated growth and financial performance, capitalizing on our scaled, leadership position, our uniquely differentiated premium audio content and the robust capital structure that we will have upon emergence,” continued Field. “I also want to express my gratitude to our team, who continue their outstanding work to serve our listeners and customers with excellence and fulfill our commitments without missing a beat.”
A statement from the company claims the restructuring “will enable Audacy to continue its strategic digital transformation and capitalize on its position as a scaled, leading multi-platform audio content and entertainment company differentiated by its exclusive, premium audio content.”
Fox News Begins 2024 Atop Key Digital Media Demographics
Fox News finished its 35th consecutive month atop the multiplatform minutes rankings, with 3.3 billion minutes according to a report from Comscore.
Fox News Digital began 2024 by sitting atop the rankings in several key demographics in the digital media landscape.
In multiplatform views, the outlet tallied 1.7 billion, with The New York Times scoring 1.5 billion. That marked the 16th consecutive month Fox News Digital finished on top.
6 million unique visitors visited the conservative cable outlet’s mobile app, which bested CNN, which tallied 5.4 million unique visitors.
Political Ad Spending Sees Highest Levels in Los Angeles, New York, San Francisco
AdImpact has tracked 465 unique political ads across broadcast stations. In the 209 markets being monitored, political ads have aired a combined 87, 536 times.
As the 2024 election season continues to take shape, political advertising is seeing large gains in three major metropolitan areas.
AdImpact has tracked nearly $110 million in political ad spending over the past two weeks, with the largest recipients of those figures being Los Angeles ($13.2 million), New York ($10.5 million), and San Francisco ($7.2 million).
Thus far, the highest-spending advertisers are the Adam Schiff for Senate campaign, as the current representative vies for the spot vacated by the death of Diane Feinstein. The campaign has spent $8.1 million.
Additionally, the American Values PAC — a political action committee supporting Democrat Robert F. Kennedy Jr. — spent $7.2 million.
Finally, the Yes on Prop 1 in California campaign — which will attempt to tackle mental health issues in the state — has spent $5.4 million in advertising.
In total, AdImpact has tracked 465 unique political ads across broadcast stations. In the 209 markets being monitored, election ads have aired a combined 87, 536 times.