NFL viewership is some of the highest that it has been in recent years, and Viacom is cashing in on those numbers.
ViacomCBS posted $6.61 billion in quarterly revenue Thursday, an improvement on analyst estimates of $6.57 billion. These numbers represent a 13% year-over-year increase which can be attributed to the return of the NFL season in the third quarter.
In the first four weeks of the NFL season, the average viewership increased 23% year-over-year for CBS for a total of 17.9 million viewers. CBS came to an agreement in March with the NFL on a new 11 year deal upwards of $2 billion dollars.
Despite an increase in revenue, ViacomCBS experienced a decrease in profit year-over-year from $615 million to $538 million due to new investments in content development. Some of this could be attributed to an increase in streaming for the company, which could be the largest area of growth year-over-year at CBS. Streaming revenue jumped 62% to $1.1 billion, passing the $1 billion milestone for the first time. Streaming advertising revenue increased 48% to $531 million, and cable network ad revenue moved up 6%.
During the quarter, ViacomCBS and Comcast announced the forthcoming SkyShowtime, a European streaming service that will combine the libraries of multiple media entities from each conglomerate.
The company reached a total of 47 million global streaming subscribers, seeing an increase of 4.3 million in a three month span ending in September. It appears that it definitely pays to have a large stake in the powerhouse that is NFL content.
Reice Shipley is a daily news writer and social media assistant for BSM. He is a graduate of Ithaca University, contributor to the Syracuse Mets, and aspires to work behind the scenes in sports media in the future. He can be found on Twitter @Reice_Shipley18 or you may reach him by email at RShipley@ithaca.edu.
NBC Officially Unveils Noah Eagle, Todd Blackledge as New Big Ten Booth
“With their collective college football experience and great enthusiasm for the game, Todd, Noah and Kathryn join a production team that can’t wait to kick off the Big Ten season.”
NBC made the announcement Thursday, after weeks of speculation about the moves.
“We are excited to showcase Big Ten Saturday Night on the NBC Sports’ primetime marquee,” said NBC Sports Executive Producer Sam Flood. “When you hear Todd’s voice, you know it’s a big college football game. It has been that way for decades.
“Noah is one of the industry’s rising young play-by-play commentators, who has excelled calling numerous sports across multiple platforms for a wide range of audiences. We are thrilled to pair him in the booth with Todd.
“Kathryn has told the stories of so many memorable Notre Dame Football moments over the last decade in her on-field reporting and interviews,” Flood continued. “With their collective college football experience and great enthusiasm for the game, Todd, Noah and Kathryn join a production team that can’t wait to kick off the Big Ten season.”
Blackledge joins NBC after working as a college football analyst for the network for the past 17 seasons. Previously, he was the an analyst for CBS and ABC, making 2023 his 30th consecutive season covering college football as an analyst.
Eagle is the son of broadcasting legend Ian Eagle, and currently serves as the radio voice of the Los Angeles Clippers. He comes to NBC after calling college football games for FOX Sports in 2022.
Tappen has spent the past nine seasons working NBC’s college football coverage with Notre Dame. Eight of those nine seasons were spent as the network’s sideline reporter before anchoring the studio coverage from South Bend in 2022.
2023 will mark the beginning of a seven-year contract for NBC to air Big Ten football games in primetime. The move is one of the biggest notable expansions in the college football arena for the network since its partnership with Notre Dame began in 1991.
CBS Tried ‘Intervention’ With Tony Romo
“They knew, they anticipated this. That’s a credit to them, the people in charge there. But it has not gotten better.”
After his performance during the 2022 season, many have questioned why CBS Sports NFL analyst Tony Romo has seemed off his game after seeing high praise during the early stages of his broadcasting career.
A recent nugget from Andrew Marchand of The New York Post claims CBS executives attempted an “intervention” with Romo before the season.
“Tony Romo needs to study more,” Marchand said during The Marchand and Ourand Sports Media Podcast. “He needs to be better prepared. As you move away from the sidelines, you need to do more work. I know CBS is aware of this. They tried an intervention last offseason. They knew, they anticipated this. That’s a credit to them, the people in charge there. But it has not gotten better.”
Marchand also argued that it appears as if Romo’s partner — Jim Nantz — is content to let the former Dallas Cowboys quarterback struggle.
“This was the narrative out of CBS when Romo was getting all of the publicity: you heard from Nantz’ side and people from CBS that Nantz was the one creating Romo,” quipped Marchand. “The issue now is, why isn’t Nantz helping Romo get to this next level?”
Romo — who signed a 10-year, $180 million contract with CBS in 2020 — addressed his critics in an interview with Jenna Lemoncelli of The New York Post, saying he’s simply trying new things.
“I mean, some changes are good, some you’re like, ‘Ah, I shouldn’t do that’. But I always trial and error a bunch and sometimes it works.”
The 42-year-old Romo appeared to push back on the insinuation that he doesn’t prepare for broadcasts like he used to during the interview.
“You’re going to fail all the time, but at the same time, you succeed because of that, as long as you think about it and try to understand how to improve and then go about the process to make that happen, which is work ethic and commitment. But you got to have a plan for it before.”
Jason Benetti: Negotiations With Chicago White Sox ‘Kind of A Pain’
“I just thought it would be easier. But just because it wasn’t easier doesn’t mean it didn’t get done.”
Jason Benetti and Steve Stone recently saw their contracts renewed by NBC Sports Chicago to team once more as the television voices of the Chicago White Sox. Benetti says the talks about a renewal weren’t without their hiccups.
In a profile with Chicago Sun-Times writer Jeff Agrest, Benetti said the talks about the situation weren’t exactly what he envisioned.
“The really good news is we got somewhere good,” Benetti said. “It was kind of a pain, really. There were some things that we had to get through that I thought were silly, and I’m sure they thought some of the stuff that I was talking about might’ve been silly. But we got there in the end.”
Agrest reported the Atlanta Braves were watching the situation with bated breath. Their television play-by-play announcer, Chip Caray, recently departed for the same position with the St. Louis Cardinals.
One of the sticking points in the negotiations between the White Sox and Benetti was how many regular season contests he would miss due to his work with FOX Sports. Benetti is announcing MLB and college football games for the network in 2023 and did his first NFL work for FOX Sports this season. Benetti admitted that were points of frustration along the way.
“I think the work has been strong and I appreciate the heck out of the fans and I have loved the Sox for all my life. I just thought it would be easier. But just because it wasn’t easier doesn’t mean it didn’t get done. Where I have put myself, totally honestly, the place I am is we got it done, and that means something. It means both sides wanted it to happen.”
Chicago White Sox Senior Vice President of Revenue and Marketing Brooks Boyer told Agrest he didn’t see any complications in the negotiations.