Its a daddaughter overnighter in New York for the Obamas

first_img Comments   Share   Mesa family survives lightning strike to home Top ways to honor our heroes on Veterans Day Top Stories Men’s health affects baby’s health too Here’s how to repair and patch damaged drywall NEW YORK (AP) — President Barack Obama headed to New York Friday for a rare father-daughter weekend in the city, after collecting cash for Democrats while he’s there.Obama was headlining a Democratic fundraiser hosted by businessman George Logothetis and his wife, Nitzia. About 30 supporters were contributing up to $33,400 each.Then, with the politics out of the way, the rest of Obama’s New York overnighter was set aside for time with his teenage daughters, Malia and Sasha.center_img 4 sleep positions for men and what they mean Obama, Sasha and two of her friends bounded up the steps of Air Force One, eager to join Malia, who was already in New York.Malia, who is 17, was spotted earlier this summer on the Brooklyn set of HBO’s “Girls,” where she reportedly was interning. Sasha is 14.White House spokesman Josh Earnest said the president was “looking forward to a rare opportunity he’ll have to spend a little personal time with his daughters in New York.”Earnest wouldn’t say what activities were on their schedule, but said journalists taking part in the weekend would be kept up to date.He then quickly noted that journalists traveling to New York with the president would not actually be participating in his outings with Malia and Sasha.“That might interfere with the personal nature of the father-daughter time,” he quipped.Obama rarely stays overnight in New York unless he’s there for business, such as the U.N. General Assembly. He’s due back in Washington on Saturday night.___Follow Nancy Benac on Twitter at © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. New Valley school lets students pick career-path academies Sponsored Stories Ex-FBI agent details raid on Phoenix body donation facilitylast_img read more

Trepp Commercial Delinquency Down for Third Straight Month

first_img Agents & Brokers Attorneys & Title Companies CMBS Cures Delinquency Investment Investors Lenders & Servicers Mortgage-Backed Securities Service Providers Trepp 2012-11-05 Tory Barringer Trepp: Commercial Delinquency Down for Third Straight Month The delinquency rate on U.S. commercial real estate loans saw its biggest drop in more than a year in October, according to “”Trepp, LLC””:[IMAGE]The analytics provider released its October 2012 U.S. CMBS (commercial mortgage-backed securities) Delinquency Report, revealing that the delinquency rate for commercial real estate loans in CMBS fell 30 basis points to 9.69 percent. The drop was the biggest one recorded in 14 months and marks the third straight month in which overall delinquency has improved.The CMBS delinquency rate was 9.77 percent in October 2011. The percentage includes loans that are at least 30 days delinquent or in foreclosure.More than $1.5 billion in loans were resolved with losses in October. The removal of these loans from the delinquent category helped drive the delinquency rate down to the tune of 28 basis points, Trepp estimated.Those resolutions helped mitigate the $2.6 billion of newly delinquent loans. While that figure put upward pressure on the delinquency rate, it still fell well below September’s newly delinquent volume of $3.3 billion.[COLUMN_BREAK]In addition, the number of loans cured in October brought down the delinquency rate 45 basis points, effectively countering all upward pressure from new delinquencies. Any remaining downward influence on the delinquency rate came from the repayment of performing loans, loans becoming defeased, the amortization of existing loans, and the addition of new deals to the pool, according to the report.Delinquency fell in four out of five categories, including: industrial (11.5 percent), lodging (11.2 percent), office (10.2 percent), and retail (8.0 percent). The only increase was in the multifamily sector, where the delinquency rate rose to 14.3 percent.The drastic drop-off in the overall delinquency rate comes as something of a surprise given the current economic and political climate, says Manus Clancy, senior managing director of Trepp.””The CMBS market had every excuse to sell off in October–a devastating hurricane, uncertainty over the upcoming U.S. election, and lack of progress in addressing the fiscal cliff,”” Clancy said. “”Despite this, the CMBS market enjoyed another terrific month. Spreads dropped once again, making refinancing possible for previously marginal performing properties while the delinquency rate continued to march lower. Overall, there was a lot to cheer about for CMBS investors.””What’s more, Trepp has reason to believe the improvement will keep moving along. “”The firm sees no reason for the volume of loans being resolved each month to drop,”” Trepp said in a release. “”In addition, borrowing costs remain extremely low while the appetite for distressed real estate remains high. This should allow special servicers to operate at a high speed for the foreseeable future.”” November 5, 2012 517 Views center_img in Data, Government, Secondary Market Sharelast_img read more

This years performance was titled The Golden Fr

first_imgThis years performance was titled “The [Golden] Frame and the Mask”, as mentioned in the program ‘at a certain point, the frame and mask are the same idea’. Dynamic soprano Jayne Casselman gave a command performance with arias by Scarlatti, Puccini, Verdi and Rossini, accompanied by tenor Chris Eubank and percussionist Owen Davis.[photo by Julia Dorn-Giarmoleo & text by Sue Kirsch]Lynne Haeseler accompanied on piano, a wonderful pianist.[photo by Julia Dorn-Giarmoleo & text by Sue Kirsch] July 22, 2013ITALIAN NIGHT this past Saturday evening was once again a gorgeous and successful event.Because of intermittent and unpredictable monsoon rains, dinner was served in the Crafts III building, on all three levels, the cafe, the bakery and the visitors center, a new challenge for us, but it worked out very well.[photo & text by Sue Kirsch]The “COOKS”, Gregg Morgan, Caterina Loy and Carrie Krueger, congratulations, awesome effort, dinner was delicious![photo & text by Sue Kirsch]COOL GELATO ITALIANO from Scottsdale served their wonderful Forrest Berry or Coffee Crunch gelato.[photo & text by Sue Kirsch] Jeff Stein narrated with quotations by Luigi Pirandello, Dante Alighieri and Paolo Soleri.This was a terrific event, impossible to convey in just a few photos. If you missed it this year be sure to look for it in the coming years.[photo by Julia Dorn-Giarmoleo & text by Sue Kirsch]last_img read more

Rep Howrylaks resolution shines light on animal homelessness in Michigan

first_img16Aug Rep. Howrylak’s resolution shines light on animal homelessness in Michigan Categories: Howrylak News,News State Rep. Martin Howrylak of Troy today promoted House Resolution 126, which declares Aug. 19 as International Homeless Animals Day throughout the state.Each year, over 7 million companion animals enter shelters in the United States and approximately 2.7 million of the animals are euthanized. Sadly, Michigan is contributing to this troubling problem. According to a 2014 Michigan Shelter survey, nearly one out of every four animals that enter a shelter in the state are eventually euthanized.“These are eye-opening statistics,” said Rep. Howrylak. “Unfortunately, many of these animals were loving companions who were ready to be adopted. Due to limited space at local shelters, these animals simply ran out of time to find a new home. Earlier this year, I met with sixth graders from Larson Middle School in Troy who were deeply concerned about this issue. Together, we developed this resolution, which will raise awareness about the benefits of pet adoption so we can improve these numbers going forward.”In 2016, the Michigan Humane Society saved more than 11,200 animals. As part of the Aug. 19 proclamation, Howrylak invites citizens to contact their local humane society if they are interested in adopting or volunteering.last_img read more

Rep Whiteford attends governors State of the State address

first_imgPHOTO INFORMATION:  State Rep. Mary Whiteford, second from left, attends the governor’s State of the State address with her husband Kevin Whiteford, left. Also pictured are guests Whitney Draisma-Hirdes and Ryan Hirdes of Fillmore Township in Allegan. Rep. Whiteford, of Casco Township, represents the residents of the 80th District which includes the cities of Allegan, Fennville, part of Holland, Otsego, Plainwell, Saugatuck, and part of South Haven. 24Jan Rep. Whiteford attends governor’s State of the State address Categories: News,Whiteford Newslast_img

Rep Webber backs measure to support veterans at local level

first_img13Feb Rep. Webber backs measure to support veterans at local level Tags: Veterans Categories: Webber Newscenter_img State Rep. Michael Webber, of Rochester Hills, has cosponsored legislation providing financial incentive to encourage Michigan counties to establish and maintain veteran service offices.Currently, 11 counties do not have a local veteran support department and many other counties are understaffed. This poses a great barrier for veterans who are looking for help navigating their hard-earned benefits.“Having a local office provides for that in-person experience that sometimes helps make applying for benefits or working through the process a little more comfortable,“ Webber said. ““Oakland County has been ahead of the curve on this effort, which is recognized in this legislation. Our veterans have sacrificed their lives for our freedoms and I fully support efforts to provide them the resources they deserve.”Under the bill, each county with a veteran service office which satisfies the requirements outlined in the bill will receive $25,000, plus an additional amount based on the number of veterans in the county. The bill calls for $5 million in state budget dollars to fund the incentive.In order to receive funds a county must:Maintain a county veteran service office;Have an accredited veterans benefit claims employee on staff;Provide at least 20 hours of service each month assisting veterans;Maintain the previous year’s county funding level for the veteran service office;Report to the Michigan Veterans Affairs Agency and Legislature regarding the amount of claims completed throughout the year.House Bill 5536 was referred to the House Military and Veterans Affairs Committee.###last_img read more

Wentworths veteran service office legislation clears committee

first_img The House Military and Veterans Affairs Committee approved legislation authored by State Rep. Jason Wentworth of Clare Tuesday encouraging Michigan counties to establish and maintain veteran service offices through a new grant program.Under Wentworth’s proposal, each county with a veteran service office that satisfies pre-approved requirements would receive $25,000, plus an additional amount based on the number of veterans in the county. To continue receiving the grant, an established county veteran service office must meet benchmarks for staff performance and reporting while maintaining the previous year’s funding level.“This grant is more than just helping veterans file for benefits they have earned,” said Wentworth, who chairs the House Military and Veterans Affairs Committee. “It’s about building trust between veterans and county veteran service offices, increasing awareness of the services provided and improving consistency within our veteran services locally.”Wentworth, who was a member of the House C.A.R.E.S. mental health task force, says the legislation is vital for veteran services across the state, which he and his colleagues heard about many times during the months the task force spent listening to mental health professionals and veterans last year.“The top recommendation my colleagues and I received during the task force meetings in regard to veteran mental health services was prioritizing veteran service offices at the county level,” said Wentworth, who is an Army Veteran. “Accredited county VSOs (Veteran Service Officers) are often the first line individuals who recognize what assistance veterans and their families need. They can refer veterans to another service provider or they can complete paperwork to get them enrolled in VA health care. This legislation will help improve access and expand services and outreach to provide stronger care to veterans locally.”Depending on the county, a VSO may only be at a single location for a few hours each month. There are 11 Michigan counties currently without a veterans service department. This could be due to lack of funding, partnering with neighboring counties or the number of veterans in the area.House Bill 5536 now advances to the full House for consideration.Photo Information: State Rep. Jason Wentworth of Clare testifies before the House Military and Veterans Affairs Committee February 27th in support of his legislation encouraging Michigan counties to establish and maintain veteran service offices through a new grant program. 07Mar Wentworth’s veteran service office legislation clears committee Categories: Wentworth Newslast_img read more

Rep Albert Michigan House approves car insurance reform now its time to

first_img Rep. Thomas Albert and the state House today approved a historic plan to reform Michigan’s car insurance system and lower rates for all drivers.The plan – approved with bipartisan support after weeks of negotiation – guarantees lower rates by giving drivers more choice on personal injury protection coverage, stops price gouging on medical services for car accident victims, and combats fraudulent claims. All Michigan drivers will save money on the personal injury protection portion of their policies, and some could save hundreds of dollars a year, depending on which coverage options they choose.The bipartisan solution is designed to end Michigan’s long tenure as the state with the most expensive car insurance rates in the nation. The plan should soon be headed to the governor for her expected signature.“The high cost of car insurance has been a huge issue – one I heard about constantly even before becoming our communities’ representative in the state House,” said Albert, of Lowell. “We’re as close to reform as we’ve ever been, and now it’s time to finish the job. I’m optimistic the plan will be signed into law by the governor, giving families much deserved and long overdue financial relief.”Michigan’s costs are high largely because it’s the only state mandating unlimited lifetime health care coverage through car insurance. The reform plan allows those currently using the coverage to keep it, and those who want it in the future to continue buying it – while providing more affordable options.The legislation is Senate Bill 1.##### Categories: Albert News,News 24May Rep. Albert: Michigan House approves car insurance reform; now it’s time to ‘finish the job’last_img read more

Blending Forprofit Organizations into Public Education Can Be Problematic

first_imgShare7Tweet12Share5Email24 Shares“Money” by Andrew CzapMay 1, 2017; Tampa Bay TimesAs state and federal policymakers have added “parental choice” and “creating an open market” to their goals, funding public education has become even more challenging for localities across the country. Adding charter schools and voucher programs to the traditional public school system enlarges the scope of public education that a static level of available funding has been stretched to cover. Almost invisibly, the push to an open educational marketplace has added a confusing and potentially costly new element to the funding picture: the blending of private for-profit businesses into public education.PolitiFact Florida spotlighted this when it recently looked at the legislative debate in Florida as it considers bills to expand the state’s number of charter schools. Florida law requires all publicly funded charter schools to be incorporated as 501(c)(3) nonprofit organizations. But in Florida, as in many other states, a nonprofit charter school can contract the actual operation of the school to for-profit businesses. How those relationships are managed can become very problematic.As reported in the Tampa Bay Times, Audrey Walden, the Florida Department of Education press secretary, said that while the charter governing board can choose to enter into contracts with private entities to provide services and support, “Ultimately, performance and accountability rests with the nonprofit governing board—which, when it enters into a charter agreement with its local school district, is subject to the same Sunshine Laws and School Accountability System that pertains to all public schools in Florida.”Not all nonprofit school boards seem capable of meeting that responsibility. The potential is there, however, for a for-profit organization to exert too much control and siphon scarce educational resources away from the school’s educational mission and the children they teach. Back in 2011, the Miami Herald found examples where “some schools have ceded almost total control of their staff and finances to for-profit management companies that decide how the schools’ money is spent.”The Life Skills Center of Miami-Dade County, for example, pays 97 percent of its income to a management company as a “continuing fee”…. Many management companies also control the land and buildings used by the schools—sometimes collecting more than 25 percent of a school’s revenue in lease payments, in addition to management fees.The line becomes even hazier when the same people control both the nonprofit school and the for-profit service provider. Blogger Mercedes Schneider looked at the Basis School network, whose Arizona high schools rank, according to U.S. News and World Report, among the nation’s finest. She found that Basis’ two founders, Michael and Olga Block, created a network of for-profit service corporations that provide management services and teachers to Basis’ schools. Reviewing available information, she found that in 2014, the nonprofit “BASIS Schools’ total revenue is $68.5 million—and its total expenses are $72.7 million. Plus, there’s the previous deficit of -$6.5 million. Sooo, by the end of the year, BASIS Schools, Inc., has a fund balance of -$15.3 million. Still, BASIS Schools pays BASIS Educational Group [the Blocks’ for-profit corporation] $10.5 million in management fees and $44.3 million in employee leasing costs.” With these contracts in place, though the schools are doing well academically, their financial health appears to be quite poor.When for-profit businesses enter the public education arena, their drive toward profitability has the potential to weaken our investment in public education. For-profit organizations can be more proficient and more efficient managers than either traditional or charter schools. When they are, they become very valuable assets. But when they are neither, their very profitability uses up scarce educational resources and harms the schools they claimed to help.—Martin LevineShare7Tweet12Share5Email24 Shareslast_img read more

Swiss pay TV provider TeleClub has struck a deal w

first_imgSwiss pay TV provider TeleClub has struck a deal with UEFA for Champions League and Europa League rights for the next two seasons.TeleClub will air the matches in HD. In German-speaking areas TeleClub will offer all Champions League matches and a selection of Europa League games in partnership with Sky Deutschland. In Suisse-Romande TeleClub will offer a selection of the top matches with commentary in French.last_img

Over 30 of Portuguese pay TV operator Zon Multime

first_imgOver 30% of Portuguese pay TV operator Zon Multimedia’s triple-play customers now take its Iris advanced TV product, according to chief operating officer Luis Lopes.Zon recently launched Timewarp, a personal cloud recording system that records all programmes that viewers want to see for seven days. About 95% of customers use it, with 70% using it every day. it has a satisfaction score of 9.1 out of 10, wiuth 10% of customers using at the same time at peak times.The system is available for 80 channels currently. Viewers can select channels they want to record and then search the channel for content to view. They can also search by genere or look for a specific programming asset directly.Lopes, speaking on the second day of the Cable Congress in London yesterday, said that the service had attracted stronger usage than video-on-demand or any other advanced TV service.last_img read more

Croatian cable operator Bnet part of Telekom Aus

first_imgCroatian cable operator, part of Telekom Austria-owned telecoms operator Vipnet, has added local music service CMC to its programming line-up.CMC will share a frequency with kids channel Mini TV. The music channel will air from 20:00-07:00, with the kids service available during daytime hours.last_img

Netflixs original production spending spree conti

first_imgNetflix’s original production spending spree continues, with the video streaming platform this time partnering with The Matrix creators the Wachowskis and J. Michael Straczynski on a sci-fi drama.Sense8 will comprise of an initial 10-episodes and marks siblings Andy and Lana Wachowski’s first foray into television and Babylon 5 creator Straczynski’s latest TV project. Besides The Matrix trilogy, the Wachowskis are also behind movies V for Vendetta, Speed Racer and the recent adaptation of Cloud Atlas.Crossbones producer Georgeville Television will produce Sense8 in association with Straczynski’s Studio JMS, which launched last year. Georgetown’s Marc Rosen, Leon Clarance and Deepak Nayar will executive producer.The show joins a slate of Netflix originals that includes House of Cards, which launched this year, plus the upcoming Orange is the New Black, Hemlock Grove and ArrestedDevelopment. It will launch late next year.Plot details have not yet been revealed, but the Wachowskis said: “Several years ago, we had a late night conversation about the ways technology simultaneously unites and divides us, and out of that paradox Sense8 was born.”“Andy and Lana Wachowski and Joe Straczynski are among the most imaginative writers and gifted visual storytellers of our time,” said Netflix’s chief content officer Ted Sarandos. “Their incredible creations are favorites of Netflix members globally and we can’t wait to bring Sense8 to life.”last_img read more

Local television network Sheffield Live TV launch

first_imgLocal television network Sheffield Live! TV launched yesterday evening, broadcasting in the Yorkshire city on Freeview Channel 8 and Virgin Cable channel 159.The channel is the latest local TV launch in the UK, with broadcast regulator Ofcom having issued 30 local TV licences across the UK, with a second phase of licensing already underway.Some six other stations have already gone on air, including London Live. However, earlier this month, Ofcom said that it is “very unlikely” that all the new local TV stations being licensing will succeed, after Birmingham’s City TV became the first to go bust in August.last_img

USbased publisher Chicken Soup for the Soul has c

first_imgUS-based publisher Chicken Soup for the Soul has created a TV and film division and brought in former A+E boss Steve Ronson to run it.Chicken Soup for the Soul is known for its books featuring inspirational true-life stories and will make branded TV shows and features.Ronson left A+E late last year after a 13-year stint at the channel operator, latterly as VP, international television, digital media and consumer products.In his new role as CEO of Chicken Soup for the Soul Productions, he will oversee the new unit’s content efforts and its existing TV projects, which include the recently released special Chicken Soup for the Soul: food & family. The teen-skewed education/information show that went out on PBS. The new division will make a talk show, feature film and other TV projects.“Chicken Soup for the Soul is a well-known brand that translates into highly entertaining, inspirational television,” said Ronson, CEO, Chicken Soup for the Soul Productions. “The brand is unique, beloved worldwide, and delivers the important, uplifting and inspiring messages of our time.”“We already have several ambitious television and theatrical projects underway,” said Chicken Soup for the Soul founder and CEO, William Rouhana, Jr. “With an eye toward building upon these opportunities, we are pleased to announce the formation of Chicken Soup for the Soul Productions, headed by industry veteran Steve Ronson.”last_img read more

Russian pay TV operator NTV has secured the right

first_imgRussian pay TV operator NTV+ has secured the rights to the FIVB Volleyball World Cup to be held in Japan between over the next month.The operator will cover the women’s championship from August 22 to September 6 and the men’s competition from September 8-23.The competition will be seen on the Sport Plus channel.Separately, NTV+ will add four new movie and drama channels to its line-up from September 1, including Sony Sci-Fi and Sony Entertainment TV in the VIP Kino West package, and Sony Turbo and Russian channel World Drama in the Basic West package.last_img

The new Apple TV box The BBC has launched an iPlay

first_imgThe new Apple TV boxThe BBC has launched an iPlayer app for the new generation of Apple TV, and has updated its mobile iPlayer apps to include BBC Store integration.The Apple TV app goes live today, allowing users of the recently launched Apple streaming device to access BBC programming and exclusive iPlayer content.Meanwhile, the updates to the BBC’s iPlayer mobile and tablet apps will allow signed-in members to stream BBC Store purchases directly from the app and receive personalised programme recommendations.“Christmas is a popular time for viewers to come to BBC iPlayer, as they unwrap new devices and browse and discover the BBC’s fantastic Christmas programmes,” said head of BBC iPlayer, Dan Taylor-Watt.“With the launch of iPlayer on new Apple TV, I’m delighted we’ve been able to give people another way of accessing the full breadth and range of BBC programmes. And, the updates to our mobile and tablet apps mean we can now deliver more personalised recommendations of BBC programmes to viewers, as well as the ability to stream BBC Store purchases directly from the iPlayer app.”The BBC Store integration follows the launch of the download-to-own digital retail site last month. The store is a joint effort between the BBC’s commercial and public service arms and is accessible through the BBC’s iPlayer catch-up service as well as from a standalone website.Apple first unveiled its revamped, next generation Apple TV box in September and started selling the device in October. The BBC confirmed plans to launch the iPlayer on the new Apple TV “in the coming months” in October.last_img read more

The 10 leading pay TV services in the US lost 663

first_imgThe 10 leading pay TV services in the US lost 663,000 subscribers between them in the second quarter of 2016, according to Informitv’s Multiscreen Index report.AT&T, the largest pay TV group in the Index saw its satellite subsidiary DirecTV gain 342,000 television customers in the US, while its U-verse telco television service lost 391,000.Comcast reduced its television customer loss for the quarter to 4,000, ending the period with 22.40 million television subscribers, while Verizon Fios television subscribers declined by 1,226,000 following the transfer of some markets to Frontier – which gained 1,085,000.Meanwhile, Charter the third largest provider following the merger with Time Warner Cable and Bright House Networks, lost 152,000 TV subscribers with a total of 16.93 million in the quarter.“DIRECTV was the only company in the top 10 to report organic subscriber growth, although that was largely at the expense of AT&T U-verse,” said Informitv analyst Sue Farrell.“It’s been a turbulent quarter with some large losses but the real story is one of consolidation.”last_img read more

Les Moonves The majority shareholder of Viacom and

first_imgLes MoonvesThe majority shareholder of Viacom and CBS has urged the US media giants to re-merge.National Amusements has sent an open letter to CBS Corp. chairman, president and CEO Les Mooves and the Viacom board of requesting they “explore a potential combination”.CBS and Viacom operated as one company between 1999 and December 2005, but split ahead of the retirement of National Amusements chief Sumner Redstone, who in fact remains in his post today depsite conflicting reports over the 93-year-old’s health.That saw the previous Viacom become broadcasting business CBS, with the new Viacom taking on the MTV, Comedy Central and Nickelodeon cable networks. National Amusements became controller of both companies, but kept them separate.However, the open letter reverses that train of thought. “We believe that a combination of CBS and Viacom might offer substantial synergies that would allow the combined company to respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape,” Sumner Redstone and his daughter, National Amusements president Shari Redstone, wrote.“As a result, we would like both companies’ boards to consider a potential combination of the companies. Our tentative view is that optimal structure would be an all-stock transaction on which the stockholders of each company would receive shares in the combined company of the same class as they currently hold.”The letter added National Amusements would not be willing to accept “any acquisition by a third party of either company”, or any deal that would result in the Redstones “surrendering” their controlling position in either company. National Amusements owns 80% of the voting shares in Viacom and CBS.Furthermore, Viacom’s board had made good on a recent promise to access debt markets to improve the company’s precarious financial situation.In a statement released yesterday, Viacom revealed it had agreed to sell US$400 million in senior notes due in 2022 and US$900 million in senior notes due in 2026. The sales were expected to close in October 4.The developments come after Viacom’s interim CEO, Tom Dooley, announced he would be leaving the company in November. He had succeeded Philippe Dauman, who lost a protracted and bitter boardroom war with the Shari Redstone this year and subsequently left the company after failing to persuade the board to sell 49% of film studio Paramount Pictures to a Chinese media group.Shari Redstone is now a key power-broker in the companies’ futures, but will need to convince Moonves of the benefits of a merger. While Viacom has a sprawling international business that would benefit CBS, it also has a big debt pile and would initially drive the CBS share price down.CBS had not publicly responded to the open letter at press time this morning.Meanwhile, Viacom’s search for a new CEO continues, with Dooley remaining in his post to help with the process for the time being.last_img read more

Although over55s remain staunch supporters of lin

first_imgAlthough over-55s remain staunch supporters of linear television, a new study shows they are now waking up to binge viewing through SVOD platforms.According to Ampere Analytics, there is virtually no difference in viewing habits between those aged 55-64 and 18-24s if subscription on-demand is the only service in their household.Over-55s SVOD users watched about one hour, 20 minutes of content per day, with 18-24s watching one hour, 26 minutes on average.In general, those that favour SVOD over TV watch about the same amount of content, with the 25-34, 35-44 and 45-54 demos all clocking in at around one hour, 25 minutes.“It’s long been held that an ageing population offers a ready audience for broadcast TV, but our analysis shows that it’s time for a reality check,” said Ampere director Richard Broughton.“Subscription video-on-demand services like Netflix and Amazon are not exclusively for the younger viewer, they are just taking longer to convince 55- to 64-year olds of the value of a paid-for TV content subscription.”He added older age groups changed their viewing behaviour in a similar way to younger counterparts after taking an on-demand subscription.The different between age groups is starker among what Ampere classes as average respondents, with 55-64s watching just eight minutes of SVOD content and 18-24s tuning in for 39 minutes.In total, just 13% of SVOD customers are 55 or older, according to the research, with the vast majority (44%) aged under 35.However, usage is growing rapidly, with UK Netflix users aged 55-64 growing from just 9% in mid-2015 to 25%.Surprisingly, Ampere found that most markets were relatively consistent in their SVOD consumption across age groups – with the average around the one hour, 20 minute mark.France, which has been far more conservative in its SVOD uptake, was the exception. The average clocked in at just 50 minutes of SVOD consumption per day.As they hit saturation point with the youngest viewers in the markets like the US and UK, the marketing teams of the SVOD services will increasingly want to turn their attention to older viewers,” said Broughton.“We expect this to herald yet more changes to content consumption for both broadcast and on-demand services.”Ampere polled 33,000 people with internet connections in 16 markets to assess typical consumption patterns.Over 55s believe in SVOD fantasy, want actionAn interesting facet of Ampere’s research shows action and adventure, sci-fi and fantasy, and crime and thriller content best draw in 55-64s.Action and fantasy/sci-fi were the most popular genre among 14% of the demo, with crime and thriller just behind on 13%.This behaviour is much the same as that of younger demographics.Eight per cent were enticed by comedy, and 7% by documentaries, which means most consumers continue to see entertainment and formats as the preserve of the linear TV channel.Ampere noted the preference for documentary was slightly higher than younger demos and slightly lower for comedy.last_img read more