CBS made very few changes to its fall prime-time schedule, adding just one new comedy and three new dramas. Executives at the network contend that the lineup doesn’t need a makeover, given that it’s the only one to show an increase in audience ratings this season. Fair enough.
Remember the days when the upfront presentations featured chart-topping singers, Broadway acts and drag racing, and lasted five or six hours? Most of that has disappeared over the past couple of years.
For those of you unable to make it to the Fox upfront today at the New York City Center (or skipped it and went straight to the party), here are some of the takeaways:
As the New York Times puts it this morning: “Even after receiving $15.4 billion in federal loans, General Motors is once again on the brink of financial collapse.” The reason is that the automaker burned through $10.2 billion in the firs quarter, while revenue dropped by almost half to $22.4 billion.
News broke this week that Anheuser-Busch has told NBC that the brewer will spend only about half as much on advertising packages during the upcoming 2010 Vancouver Winter Olympic Games and 2012 Summer Games in London, compared to previous years.
Nobody likes to be wrong, including the people who run media companies. That’s why you haven’t heard them say things like, “We think the advertising market is recovering!” At a time when every day might bring a fresh descent into financial hell as financial companies and automakers totter, media companies reeling from ad revenue declines are hesitant to say that they’ve hit a bottom.
Web-based software maker Salesforce.com has a new slogan.
The company’s brash founder, Marc Benioff, built a software business that generates more than $1 billion in annual revenue based on a slogan that makes you wonder if he is in the right business: “The end of software.” (He argued that he sells a service that customers access over the Web, not the traditional kind of software that companies install on their own computers.)