Shepard Smith will remain on the air as news anchor at Fox News after signing a multiyear renewal with the cable network. "I am incredibly proud to be part of a group of journalists who helped build the FOX news division from scratch 22 years ago and extremely thankful for the opportunity to continue to lead our breaking news coverage for years to come," Smith said in a statement.
All major networks will have stand-alone streaming services by 2022, Diffusion Group research states. Subscriptions are expected to increase to almost 50 million by then.
Walt Disney on Wednesday announced that it will be reorganizing into four divisions. A direct-to-consumer unit was announced as part of the restructure, with Chief Strategy Officer Kevin Mayer named as head of the division.
CNN's Chris Cuomo will be moving to a prime-time slot permanently this spring, the network announced. Cuomo will step down from his role as co-host of "New Day" and will be replaced by John Berman.
Discovery, Science Channel and Syfy have all planned to air programming that will pay tribute to Stephen Hawking. Discovery and Science Channel today will begin broadcasting shows and miniseries featuring Hawking, while Syfy, starting Wednesday night, aired seven episodes of "Futurama" that feature Hawking voicing his own character.
Discovery Communications' $14.6 billion takeover of Scripps Networks has put the company in a position to become a media powerhouse. Discovery CEO David Zaslav says that globalizing Scripps content is the company's focus now that the deal has closed, explaining, "For us, we think that there's a real chance for us to be a major player around the world in real-life entertainment."
Comcast says that 76% of households with the X1 platform tuned in to some Olympics coverage, outpacing the 65% figure nationwide. The company also found that the X1 voice remote was used over 14 million times to find and navigate Olympics content and that the average home consumed 19.3 hours of programming via X1.
An AT&T-Time Warner merger would lead to a total price increase of $436 million annually, the Justice Department's trial brief states. AT&T has rebuffed the claim and noted that even if the figure were accurate, it would mean a customer's bill would increase by just 45 cents per month.