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Carol Burnett Honored With Lifetime Achievement Award at 49th Annual Gracie Awards

“I was unfortunately — believe it or not — too young to have met the legendary Gracie Allen, who is the inspiration for these awards, but I think we might have had a lot in common and her iconic work…”

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A photo of Carol Burnett
(Photo: Getty Images for the Alliance of Women in Media Foundation)

Television legend Carol Burnett was awarded the Lifetime Achievement Award from the Alliance for Women in Media Foundation at the 49th annual Gracie Awards.

The theme for this year’s award ceremony was centered on “Feminine Strength, both Large and Small,” and the trailblazing Burnett was bestowed with the honor. She was presented with the award by her castmate of TV series Palm Royale, Kristen Wiig.

“I was unfortunately — believe it or not — too young to have met the legendary Gracie Allen, who is the inspiration for these awards, but I think we might have had a lot in common and her iconic work as an artist paved the way for all the women who came after her, including me,” Burnett said while accepting the honor.

“Personally, it is surreal for me to be here, to even know you… because you have been such an inspiration,” Wiig told the television legend while presenting the award.

The 2024 Gracie Awards were hosted by Tamera Mowry-Housley and were held at the Beverly Wilshire Hotel in Beverly Hills.

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Media Business

Median Age of Podcast Users Nearly 30 Years Younger Than Cable TV

“The ascent of podcasting signals a shift towards on-demand content consumption that aligns with the lifestyles and preferences of younger generations.”

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It is no secret that cable TV has seen the age of its viewers continue to rise. But the entire picture is coming into view when juxtaposed against other mediums like radio and podcast users.

A new report from Amplifi Media shows that the median age of cable news viewers is 70. MSNBC is 70, Fox News is 69, and CNN is 67. That median age means that more than half the viewers are actually older than 70 years old.

Network television isn’t a much brighter picture. In primetime, the median age is 64. FOX has the youngest number at 49.5.

However, the median age of podcast consumers comes in at 34.

Steve Goldstein, Founder and CEO of Amplifi Media, believes the drastically younger demographics of the medium make it an ideal platform for advertisers.

“The ascent of podcasting signals a shift towards on-demand content consumption that aligns with the lifestyles and preferences of younger generations,” wrote Goldstein. “We live in an on-demand world, and while other media are adjusting (think streaming apps and YouTube), podcasting has three not-so-secret ingredients that traditional media struggle to match: intimacy, flexibility, and loyalty, which makes podcasting an ideal platform for engaging storytelling, niche topics, and fresh takes.”

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Media Business

Majority of Media Advertising Projected to Be AI-Aided By End of Decade

Forecasts show that 69.5% of all advertising revenue will be AI-aided, while that number is expected to grow to over 90% by 2029.

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The rise of artificial intelligence in media has been a focus for several years. But the use of AI in advertising is just getting started, and a new study suggests it will influence the space in the years to come.

GroupM has released its This Year Next Year forecast. In its projections, it believes that AI will be a prominent tool in advertising optimization. By the end of 2024, it forecasts that 69.5% of all advertising revenue will be AI-aided, while that number is expected to grow to over 90% by 2029.

The company also projects that AI-generated content in advertisements will account for 1.6% of all commercials in 2024. GroupM believes that figure is likely to grow to 10.7% by the end of the decade.

While the organization forecasts an increase of $365.9 billion, up 5.8% compared to previous projections, it shows a 1.5% drop in revenue for terrestrial radio, according to RadioInk.

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Media Business

Broadcasters Foundation of America Set for Annual Giving Day Thursday

More than 1,000 broadcasters have been aided by the organization.

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The Broadcasters Foundation of America is set to hold its annual Giving Day on Thursday, June 13th.

For more than 70 years, the organization has supported broadcast radio and television professionals during challenging financial times. More than $20 million in grants have been funded by the foundation since its inception.

More than 1,000 broadcasters have been aided by the organization.

To donate to the fund, click here.

In addition to its Giving Day, the organization will hold a mixer at the iHeartMedia studios in New York from 5:30-7:30 PM on Thursday.

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