Connect with us

News Television

Black News Channel Announces Layoffs Amid Low Ratings

The Wrap secured the memo that President and CEO Princell Hair sent out to his staff informing them of the news. 

Published

on

The Black News Channel, a cable news network geared towards a Black audience, is struggling with ratings, leading to the announcement of layoffs. The Wrap secured the memo that President and CEO Princell Hair sent out to his staff informing them of the news. 

“I am reaching out to you today with some very unfortunate news about a reduction in our workforce,” Hair said. “As you know, throughout the course of this year, we have been expanding at a rapid rate. At the same time, the U.S. economy is facing some tough challenges, several of which are heavily impacting the media industry and the revenue streams that fuel our emerging enterprise.”

“I am incredibly proud of this team and all that we have built and accomplished. Your work has been outstanding, but we have reached a point where a considerable adjustment is needed in order to protect the health of our business and keep BNC moving forward.”

The network’s leading anchors include Sharon Reed, Mike Hill, Laverne McGee, Del Walters, Marc Lamont Hill, Kelly Wright, and Charles Blow. Furthermore, BNC employs roughly 300 employees, so there’s no clear how many of them will be laid off and whether it will include some of their top talents. 

“We kind of felt this was going to happen,” an anonymous staffer said. “Many employees agree the ratings could have been better had the network spent money on promotions. People don’t watch when they don’t know a network exits.”

The Tallahassee-based network offers 24/7 news, sports, and entertainment coverage. BNC was second-to-last place in ratings for 2021, averaging 4,000 viewers throughout the year. 

BNC did not immediately reply to a request from TheWrap to comment on the number of laid-off employees.

News Television

Sinclair CEO Says Political Environment Is “Very Good for Our Business”

Sinclair’s CEO, Chris Ripley, offered his perspective on political ads at the MoffettNathanson 9th Annual Media and Communications Summit.

Published

on

The midterm elections are here, and according to one television executive, it’s the best time considering the amount of political advertisement money pouring into stations at the local and national. 

One key beneficiary of that cash inflow is Sinclair Broadcast Group, the No. 2 owner of local TV stations in the U.S. The company’s CEO, Chris Ripley, offered his perspective on political ads at the MoffettNathanson 9th Annual Media and Communications Summit.

“Some of these primary races are crazy,” Ripley said, per Deadline. “On the one hand, I lament that we’re in the political environment that we are. On the other hand, it’s very good for our business.”

Ripley used an example to make a point with his claim, citing U.S. Senate candidate J.D. Vance who won his primary race after spending a heavy amount ont television ads. 

Furthermore, the television executive adds that the $75 million spent on TV ads for the primary was 40 times more than what was spent on the primary in the last election. Ripley also added that spending on ballots is also up and should continue to increase as issues like abortion and legal gambling arise. 

“More and more issues are going on direct ballots,” he said. “With what’s going on with abortion rights, that’s going to just even add to that category.” Legalizing sports betting or cannabis are other issues generating significant ad spending.

Continue Reading

News Television

NBC News Correspondent Pete Williams to Retire

Williams will remain with NBC News through July before calling it a career. 

Published

on

NBC News

NBC News has announced Justice Department and Supreme Court correspondent Pete Williams will be retiring from the company. The reporter has been with the network for nearly three decades and has been at the forefront of many breaking news stories in Washington, DC. 

“Pete has been one of the nation’s foremost authorities covering the Supreme Court and the Department of Justice for nearly three decades,” NBC News President Noah Oppenheim said in a memo to staff

“His career has been defined by his reputation for accuracy, reliability, and unmatched expertise in the subjects he covers.” 

Williams has covered various topics for NBC News, including the court cases dealing with the Affordable Care Act and marriage equality. Earlier this year, the correspondent was the one who reported the news that Supreme Court Justice Stephen G. Breyer would retire at the end of the current term.

“In short, for generations of NBC News reporters, working alongside Pete has been a daily masterclass in journalism. But perhaps more importantly, it has been a masterclass in what it means to be a good colleague,” Oppenheim added.

“Pete’s decency, kindness, and generosity are unmatched. For those that know Pete well, it’s his warmth, humor, wit, and compassion that will be missed most.”

Williams will remain with NBC News through July before calling it a career. 

Continue Reading

News Television

Chris Licht: CNN Must Be Beacon of Journalism to Functional Democracy

“Now, the next chapter of CNN is one where we aspire to be a beacon for the kind of journalism essential to a functioning democracy,” Licht said

Published

on

CNN’s new president Chris Licht shed some light on the direction he plans to take the company at the Warner Bros. Discovery upfront. 

Licht spoke at the presentation alongside Warner Bros. Discovery CEO David Zaslav, who expressed that CNN will be organized “to advocate for journalism first” and deliver for viewers “seeking more accurate information and less yelling and conflict.”

Furthermore, Licht proposed similar aspirations as he summarized his plan for the cable news channel to double down on what many might call sane news. 

“Now, the next chapter of CNN is one where we aspire to be a beacon for the kind of journalism essential to a functioning democracy,” Licht said, per Mediaite.

“In a time where extremes are dominating cable news, we will seek to go a different way — reflecting the real lives of our viewers and elevating the way America and the world views this medium.”

The new CNN president also vows to “challenge the traditional philosophy of cable news, delivering programming and commentary that questions the status quo, shatters group-think, holds our leaders on both sides of the aisle accountable to facts, and fights fearlessly to get to the truth.”

Continue Reading
Advertisement
Advertisement

Trending

Copyright © 2021 Barrett Media.