Tuesday, September 21, 2021

REPORT: 500 CHANNELS BUT ONLY A HANDFUL MAKE MONEY

February 5, 2014 by · 1 Comment 

A handful of media conglomerates receives the overwhelming amount of the $40 billion in fees that cable and satellite distributors pay for their content, according to a new report by Todd Juenger of Sanford C. Bernstein & Co., the financial research company, and reported in today’s (Wednesday) Los Angeles Times. The Walt Disney Co. alone, which owns ESPN, the ABC Television Network, and the Disney Channel, accounts for 20 percent of that figure, and Time Warner Inc, with HBO, TNT, TBS and CNN receives 18 percent. In terms of TV advertising revenue, which amounts to $37 billion annually, the major media conglomerates account for 81 percent of it, divided this way: NBCUniversal, 20 percent; Disney, 17 percent; Fox, 12 percent; CBS and Viacom, 11 percent, Time Warner, 10 percent.