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The latest stories published on The Desk.
Nexstar begins replacing TEGNA board after judge says structure violated injunction
Four of five current or former Nexstar executives appointed to TEGNA's Board of Directors have resigned, and the fifth will do so when a new Board is created, the company said in a court filing this week.
FIRST ON THE DESK
Newsmax swings to profit during Q2 on higher ad revenue
Newsmax swung to a profit for the first time since becoming a publicly-traded company, with domestic affiliate fees, advertising and international licensing leading to a sharp increase in revenue.
EARNINGS REPORT
DIRECTV says Nexstar documents support retransmission consent price-fixing claim
The lawsuit, filed in March 2023, accuses Nexstar, Mission Broadcasting and White Knight Broadcasting of conspiring to raise and fix retransmission consent fees for “Big Four” affiliates.
California regulators approve Charter’s acquisition of Cox
Federal regulators approved the deal earlier, along with regulators in 44 other states where the companies operate; California was the remaining hurdle.
Hearst Television promotes Derek Schnell to Vice President, News
Hearst Television has promoted veteran news executive Derek Schnell to Vice President, News, expanding his role across the company’s local television news operations.
EXECUTIVE MOVES
Missouri PBS station sues vendor after video archive becomes lost
KETC is seeking to recover more than 50 terabytes of archival materials stored in an Iron Mountain data center in Denver.
PHYND brings free streaming games to Fire TV devices
The free ad-supported platform gives users access to a catalog of games without requiring a console or paid download.
CNN to debut documentary on former World Trade Center restaurant
The film arrives ahead of the 25th anniversary of the September 11 attacks and the 50th anniversary of the restaurant’s opening.
VAB: Creator partnerships can lift brand outcomes on TV, streaming
Creator following is strongest among younger viewers, with 84 percent of respondents ages 16 to 24 and 83 percent ages 25 to 34 following creators.
DATA
Stingray brings TuneIn to iM Media Labs connected car platform
The integration will allow drivers to access TuneIn’s live sports, news, music, podcasts and radio through a native in-vehicle interface.
Trump: White House Press Secretary Karoline Leavitt to depart
In a social media post, President Trump said Leavitt is stepping down to spend more time with her children and family.
Paramount weighs independent board over CBS News, CNN concerns
The discussions come as Paramount seeks to acquire Warner Bros Discovery, CNN’s parent company, in an $81 billion deal.