A new report out today from TV analysis firm TV[R]EV, given exclusively to Axios, finds that free TV streaming services are driving the adoption of digital TV ads.
Why it matters: These free, ad-supported apps have become hot acquisition targets for TV companies that want to sell digital TV ads, but don't have the digital TV audiences, and therefore digital ad inventory, to do so. Case-in-point: Viacom just acquired Pluto TV for $340 million.
HOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.
Why it matters: The move by Houston-based EOG Resources represents the latest in a growing trend of oil companies working with investors on increasing transparency and commitment to addressing climate change.
Tucker Carlson responded on his Fox News show Monday to audio footage of controversial past comments he'd made by declaring, "we will never bow to the mob."
Why it matters: His remarks on "Tucker Carlson Tonight" were the first time he had responded on TV and at any great length to the audioreleases by liberal advocacy group Media Matters for America of comments he'd made on "Bubba the Love Sponge" radio show. He did not directly respond to the remarks that were attacked for being racist, sexist and homophobic, saying it was "pointless to try to explain how the words were spoken in jest, or taken out of context.
What he's saying: "The great American outrage machine is a remarkable thing," he said. Carlson claimed the "liberal mob" was working hard to kill his show. "Fox News is behind us, as they have been since the very first day," he said. "[W]e've always apologized when we're wrong, and will continue to do that. That's what decent people do. They apologize. But we will never bow to the mob. Ever. No matter what."
Fox News has enjoyed record ratings over the past two years, but its close ties to the president and its commitment to right-wing opinion coverage is putting the network on the brink.
Driving the news: A series of damning reports over the past week has forced Fox News to issue statements addressing its values and judgment as a news company.
Before the 2008 stock market crash, 52% of Americans aged 35 or younger were invested in the stock market. As of last year, the number had dropped to 37%, according to Gallup.
New York Magazine said Monday it has laid off 16 full-time staffers and 16 freelancers or part-time employees, as the media company restructures to adapt to a volatile digital news landscape.
Details: The departments affected most are audience development, circulation, copy, fact, production and video. "In some cases, the changes we are making reflect a need for new focus as we build out our digital subscription business; in others, they reflect an overdue integration of print and digital staffs," the magazine said in a statement.
U.S. retail sales rebounded a bit in January, rising a better-than-expected 0.2%, following the biggest plunge in consumer spending in a decade in December.
What to watch: Revised data shows December's retail sales numbers were worse than initially reported: The Commerce Department said sales fell 1.6% versus the first estimate of -1.2%. The weaker picture for consumer spending may push 2018 fourth-quarter GDP growth lower when revisions are released in the coming weeks.
Investors salivating over the upcoming IPOs of the LUA stocks (Lyft, Uber, Airbnb) may soon find these companies facing an onslaught of regulatory battles.
Details: Uber has been banned outright in multiple countries and a number of U.S. cities and states, and faces partial bans in others as local governments seek to mollify taxi drivers and other unions. Lyft and Uber may also face restrictions like advertising bans, as has been proposed in Los Angeles.
