February 26, 2000 |
Gannett Co., owner of 21 U.S. television stations, said it struck a new, six-year affiliation agreement with NBC that reduces the amount of money the network pays Gannett to distribute its programming. Gannett Vice Chairman Douglas McCorkindale said the cut in compensation is significantly less than the $15-million-a-year reduction reported by the Wall Street Journal, which speculated that NBC would pay about $10 million a year, down from more than $25 million a year.
January 7, 2000 |
The multiethnic coalition that had pressed for diversity in the television industry abruptly splintered Thursday in bitter discord, with nonblack advocacy groups pitted against NAACP President Kweisi Mfume. Just one day after NBC and the National Assn. for the Advancement of Colored People jointly announced an unprecedented agreement to ensure a greater role for minorities at the network, anger escalated over the perceived exclusion of Latinos, Asian Americans and Native Americans from the pact.
October 5, 1999 |
NBC, looking to beef up its sports inventory since losing the NFL two years ago, has turned to horse racing. The network announced Monday that it will begin televising the Triple Crown in 2001. Reportedly, NBC will pay $51.5 million for rights over a five-year period. ABC, which has televised the Kentucky Derby since 1975, then added the Preakness and Belmont Stakes in 1987, reportedly bid $35 million to retain the contract.
September 9, 1999 |
During the last year, NBC has had discussions with USA Networks, Time Warner and Sony about teaming up to compete in the fast-consolidating entertainment industry. But the discussions have all fallen apart over a combination of issues including price, control and the sheer complexity of a deal. But waiting sometimes has its advantages.
August 21, 1999 |
NBC Inc. is in advanced negotiations to take a 32% equity interest in Paxson Communications Corp. despite industry skepticism about whether the deal makes sense, according to sources at the network. Under the negotiations, first reported last week in Broadcasting & Cable Online, NBC would buy the stake, which has a current market value of more than $300 million, as a precursor to taking full control of Paxson when federal laws permit.
February 5, 1999 |
NBC and Lycos are discussing a deal in which the television network would acquire a 35% stake in the Internet's third-largest search service, the Industry Standard reported Thursday. If the deal is completed, Waltham, Mass.-based Lycos would merge with Snap, an online service operated by CNet that is 60% owned by NBC, the weekly newsmagazine said. The report cited unnamed sources. Both companies declined to comment on the report.
January 7, 1999 |
A media consulting firm says advertisers rank NBC and Fox highest of 43 broadcast and cable television networks, followed by WB and ABC. Based on its survey of advertising executives, the New York-based Myers Consulting Group concluded, "The traditional concept of Big Three or Big Four networks is no longer operable. . . . There are only two powerful broadcast networks in the traditional sense: NBC and Fox."
CALIFORNIA | LOCAL
November 7, 1998 |
Spiritual guru Deepak Chopra ran a two-hour seminar for NBC programming executives in California earlier this month, the network acknowledged this week. The New Age author-lecturer counseled them on how to live up to their potential and recognize opportunities, according to an executive who attended and spoke to Associated Press on condition of anonymity.
October 20, 1998 |
EchoStar Communications Corp., a provider of television programming by satellite, sued four TV networks Monday, claiming they were trying to limit the number of consumers who can legally receive network programming by satellite service. The lawsuit, filed in U.S. District Court in Denver, seeks class-action status so it can include as defendants the 844 TV stations affiliated with the networks. Named as defendants are CBS Inc., Fox Broadcasting Co., National Broadcasting Co. and ABC Inc.
May 28, 1998 |
NBC chose halftime of Wednesday night's Chicago-Indiana NBA playoff game to announce that it and Turner Sports will form their own football league. Hannah Storm read a statement making the announcement. The two television entities, which lost the NFL to CBS and ESPN, had said last winter that they were exploring the possibility. The league, if it comes to fruition, will start in the fall of 1999 and have between 10 and 12 teams that will play games on Sundays on NBC and Sunday nights on TNT.