News of Note—Sinclair, Viacom, Conviva, Verizon and more

News of note
Sinclair today announced its plans to sell off 23 television stations. (Pixabay)

> Viewing hours of over-the-top, internet-delivered video grew by 114% in the first quarter over the year ago quarter, according to a new report from Conviva. Multichannel News article

> Viacom’s second-quarter fiscal earnings were accompanied by modest 1% growth in its media networks segments helped along by rapid growth in the company’s international business. FierceVideo article

> Sinclair today announced its plans to sell off 23 television stations to various parties as it pursues its $3.9 billion acquisition of Tribune Media. FierceVideo article

> Ahead of Digital Content NewFronts, a new study revealed that except for Hulu and YouTube, many of the companies presenting aren’t generating much consumer interest in their digital content. FierceVideo article

> Verizon reported a somewhat mixed bag of first-quarter earnings, with several unexpected financial actions, but the carrier’s wireless results—including better-than-expected customer numbers—led some Wall Street analysts to conclude that the carrier is making progress on steadying its position in the industry. Release | FierceWireless article

Suggested Articles

Comcast and Fox have come to terms on an expansive new distribution agreement covering broadcast, cable and streaming channels.

Despite the widespread disruption caused by the coronavirus pandemic, the U.S. cable industry should remain “relatively stable,” according to Moody’s.

Comcast released some data on the uptick in network activity it’s seen since most Americans began social distancing.