Posts Tagged ‘NBC’
“How television stages the world becomes the model for how the world is properly to be staged”*…
… and, as Mark Sweney reports, that staging is undergoing a fundamental transition. Case in point: Warner Bros Discovery’s recent massive write-down of traditional broadcast assets as it struggles to play catch-up with streaming and video services…
Warner Bros Discovery’s announcement… of a $9bn (£7bn) writedown in the value of its TV networks is a stark acknowledgment of the damage the streaming wars are inflicting on traditional broadcasting models.
The astonishing figure, which pushed the US entertainment group to a quarterly net loss of $10bn (£7.9bn) and sent shares sliding 12% in early trading on Thursday, lays bare how channels such as CNN, TLC and the Food Network can no longer rely on a captive cable subscriber base.
The rapid consumer shift away from high-priced TV packages, coupled with the inexorable decline in advertising, has forced traditional TV companies to invest billions in low-cost streaming services to catch up with first movers such as Netflix.
The question is now whether companies such as WBD – home to TV and film content including Furiosa: A Mad Max Saga, Godzilla x Kong: The New Empire, The Big Bang Theory, Succession, Friends and all Olympics events – can build the scale and make significant profits from their streaming operations before the death of linear television delivered by cable, satellite or aerial…
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… Disney has more than 200 million global streaming subscribers, and WBD exceeds 100 million globally, with Discovery+ now the fastest-growing service in the UK thanks to winning the rights to show every Olympic discipline. But the battle is not just to continue to drive scale.
Boosting revenue and profits per subscriber has become critical through strategies including rapid rounds of price increases – Disney has just announced a set of price rises for later this year – as well as driving slightly cheaper ad-funded tiers to pull in cost-conscious consumers.
While traditional TV companies struggle with managing the decline in their legacy businesses, with drastic rounds of cost-cutting after a decade of profligate spending on content in the first decade of the streaming wars, Netflix points to a viable future.
The streaming giant, which once struggled with mounting losses running into tens of billions of dollars, has seen its market value surge by more than 50% over the past year after turning the profitability corner while continuing to see significant growth in subscribers.
WBD’s chief executive, David Zaslav, who has considered breaking up the company but concluded that is not currently the best option, said the market was being hit by a “generational disruption” that requires traditional TV companies to take “bold, necessary steps”.
Richard Broughton, director at Ampere Analysis, said: “Legacy TV businesses are in decline but the shift is not so rapid that it can’t be managed. There are still a lot of broadcast TV viewers, they have the time to pivot to profitability in the streaming world.”…
Dealing with disruption: “‘Traditional TV is dying’: can networks pivot and survive?” from @marksweney in @guardian.
Corollary damage: “two venerable TV trade publications, Broadcasting & Cable and Multichannel News, will shut down“
See also: “The music industry is suffering from a streaming hangover” (gift link) and on a more upbeat note, “Radio shows surprising resilience even in a rapidly changing media world.”
For (just one example of) the kind of speculation that tectonic shifts of this sort can elicit: “Why Apple should buy Warner Bros. Discovery. No, seriously.“
And for one take on why all of this is underway: “The Addiction Economy.”
* Neil Postman, Amusing Ourselves to Death
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As we muse on media, we might spare a thought for Dominick George “Don” Pardo Jr.; he died on this date in 2014. A member of the Television Hall of Fame, Pardo had a 70-year tenure with NBC, working as the announcer for early incarnations of such notable shows as The Price Is Right, Jackpot, Jeopardy!, Three on a Match, Winning Streak, and NBC Nightly News. His longest, and best-known, announcing job was for NBC’s Saturday Night Live, a job he held for 38 seasons, from the show’s debut in 1975 until his death.

“[Hannah] Arendt wrote about the subjugation of public space – in effect the disappearance of public space, which, by depriving a person of boundaries and agency, rendered him profoundly lonely”*…
… and Alexandra Lange writes about an (imperfect) modern “work-around”: the way in which shopping malls won over a wide range of admirers, from teens to seniors, by providing something they couldn’t find in their dwindling public parks or on their crowded sidewalks…
… The mall, in its quiet early hours, provides affordances most cities and suburbs cannot: even, open walkways, consistent weather, bathrooms and benches. The mall is also “safe,” as Genevieve Bogdan told The New York Times in 1985; the Connecticut school nurse was “apprehensive about walking alone outdoors early in the morning before work.”
For the more vulnerable among us, malls’ privately owned and privately managed amenities offer an on- or off-ramp from the real world, sometimes literally. Skateboarders and wheelchair users both appreciate the fact that most malls were built to include ramps, escalators and elevators, or have been retrofitted to do so. At Grossmont Center, a mall in La Mesa, California, the parking lot features signs giving the step counts from your parking spot to Target, Macy’s and the movie theater. Few cities can say the same.
It isn’t only the ease of exercise that has made mall walking programs durable. On Twitter, city planner Amina Yasin praised malls as spaces that accommodate many racialized and even unhoused senior citizens, offering free and low-cost-of-entry access to air-conditioning, bathrooms and exercise, while throwing up her hands that “white urbanism decided malls are evil.” Gabrielle Peters, a writer and former member of the city of Vancouver’s Active Transportation and Policy Council, responded with her own thread on some ways malls offer better access for people with physical disabilities than city streets: dedicated transit stops, wide automatic doors, wide level passages, multiple types of seating, elevators prominently placed rather than hidden, ramps paired with stairs, public bathrooms and so on.
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The food court at the Gallery offered a relatively low-cost way to hang out after the transit trip or mall walk. While public libraries and senior centers offer free public seating, they have neither the proximity to shopping, nor the proximity to the action that a mall offers. Like teens hanging out in the atrium, the seniors in the food court can observe without penalty and be a part of community life that can be overwhelming in truly public spaces. After police officers removed elderly Korean Americans from a McDonald’s in Flushing, Queens — managers claimed the group overstayed their welcome, buying only coffee and french fries — sociologist Stacy Torres wrote in The New York Times, “Centers offer vital services, but McDonald’s offers an alternative that doesn’t segregate people from intergenerational contact. ‘I hate old people,’ one 89-year-old man told me.”
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As malls closed in the spring of 2020 because of Covid-19, mall walkers across the country were forced back outside, battling weather and uneven sidewalks in their neighborhoods, missing the groups that easily formed on the neutral ground of the mall. One New Jersey couple took to walking the parking lot of the mall they once traversed inside, drawn to its spaciousness and their sense of routine. As malls reopened in the summer and fall with social-distancing and mask-wearing policies, some malls suspended their programs until the pandemic’s end, while others curtailed the hours…
“Lessons From the Golden Age of the Mall Walkers,” from @LangeAlexandra in @CityLab.
* Masha Gessen
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As we ponder perambulation, we might recall that it was on this date in 1949 that Hopalong Cassidy (starring William Boyd, who’d created and developed the role in 66 films, starting in 1935) premiered on the fledgling NBC TV network and became the first Western television series.







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