With $1 billion on the line, March Madness is ready for its comeback
The NCAA says it had insurance for the 2019 tournament that paid out $270 million to absorb the blow. Teams are now set to spend up to four weeks in an Indianapolis bubble, the site of the 2021 tournament. MediaRadar, an advertising data firm, estimates the 2019 NCAA March Madness tournament generated $1.18 billion in television ad spend for CBS and Turner Sports. He said insurance and automotive are two sectors fueling ads for the 2021 tournament. 20 million TV viewers could tune inUsually, the NCAA Tournament does well on the viewership side, and networks missed out on that, too.cnbc.com
Search is on for new leaders in journalism's upper echelons
Baron, executive editor of The Washington Post and one of the nation's top journalists, says he will retire at the end of February. The Los Angeles Times is further along in its search for a successor to Executive Editor Norman Pearlstine. The Washington Post named Krissah Thompson the newspaper's first managing editor for diversity and inclusion. Kevin Merida, a senior vice president at ESPN and former Washington Post editor, is a name on many lists as a potential hire. The news industry's financial troubles over the past two decades has thinned the usual pipeline of leaders, Geisler said.
Woodward says CNN reporter urged him to release Trump tapes
NEW YORK – Bob Woodward says he hadn't planned on releasing audio tapes of his interviews with President Donald Trump for his book “Rage” until CNN reporter Jamie Gangel and the author's wife convinced him. “The microphone really is a microscope.”Gangel worked in tandem with Elsa Walsh, herself an accomplished reporter who helps edit her husband's books, to encourage release of the tapes. For a CNN reporter to help push a news source toward a decision that amplifies the impact of a book that is highly critical of Trump may open Gangel to some criticism. But it's an important role for journalists to advocate for public release of as much information as possible, said Kathleen Culver, director of the Center for Journalism Ethics at the University of Wisconsin. CNN chief Jeff Zucker, who was interviewing Woodward at the conference, also said that “we're all better” for Gangel pressing the point.
Costas joins CNN to talk on intersection of news and sports
NEW YORK Time to cut a conversation with Bob Costas short. The new boss CNN chief Jeff Zucker is calling on the other line. Costas, who ended his 40-year hitch at NBC Sports more than a year ago, this week signed on as a CNN contributor to offer commentary on the intersection of news and sports. My relationship with Jeff makes me comfortable with the whole arrangement, Costas said. But Costas has the hardest time justifying college football, a sport with constant contact, resuming when student attendance in general will be restricted at many schools.
Hot news cycle leads CNN to best ratings in 40 years
“The others in this space are political talk channels, and so even when they're talking about these stories, they're talking about the politics of the stories. CNN has its share of political talk, especially on its increasingly opinionated prime-time lineup of Anderson Cooper, Chris Cuomo and Don Lemon. During the breaking stories, CNN responded by assigning more of its top people, like Wolf Blitzer, to weekend work. It has simulcast the CNN International network overnight in the U.S., Zucker said. The ratings of the past three months proved those viewers still return to CNN when there is important news, he said.
Jeff Zucker seen as top internal candidate for WarnerMedia CEO
Jeff Zucker's meteoric rise in the media industry may not be over yet. Both Zucker and a WarnerMedia spokesperson did not immediately respond to a request for comment. Zucker's rise and fall and rise again is media industry lore. In 2005, he was named chief executive of the NBCUniversal Television Group, which was then owned by General Electric. After the AT&T acquisition, Zucker was named head of news and sports for WarnerMedia.cnbc.com