Magazine article Variety

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Magazine article Variety

Newsfeed

Article excerpt

Koonin's Move to Atlanta Hawks Shocks Insiders

Steve Koonin, who as entertainment chief at Time Warner's Turner unit presided over a long run of growth at big cable networks like TNT, TBS, truTV and TCM, surprised Turner insiders when he announced he was leaving his post to become CEO of the NBA's Atlanta Hawks, as well as taking an equity position in the team.

Online Ad Dollars Trump Broadcast TV

In a first for the advertising industry, marketers are spending more to promote their brands online than on broadcast TV. Annual ad buys on mobile devices soared to $7.1 billion last year, up from $3.4 billion in 2012. However, broadcast and cable advertising expenditures combined still far exceed online ad buys. Google, Facebook and Twitter are driving much of the online gains.

Maker Studios Says It's Too Late for Relativity Bid

Though Ryan Kavanaugh's Relativity Media submitted a surprise 11th hour bid April 14 to try to acquire Maker Studios, the YouTube multichannel network says its prior purchase offer from Disney has been approved by the board of directors and the majority of its shareholders, and is expected to close in the next few weeks. …

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