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Untucked: The numbers behind Tucker Carlson Tonight

Untucked: The numbers behind Tucker Carlson Tonight

4/25/23 7:00PM

Untucked

Last Friday, Tucker Carlson unknowingly hosted his final show at Fox News, as the network confirmed on Monday it was parting ways with the controversial prime-time personality, an abrupt firing of one of the network’s most-watched anchors. Carlson’s departure came in a week of cable chaos — with high-profile exits at CNN and NBCU — and just days after Fox settled its lawsuit against Dominion Voting Systems for a staggering $787m, a trial which saw Carlson's texts and emails released during discovery.

Carlson had been a prominent figure at Fox News since joining in 2009, but his screen time — per Stanford’s Cable TV News Analyzer — skyrocketed in 2017 when he took over the coveted 8pm slot from commentator Bill O'Reilly. Regularly racking up 20+ hours of screentime a month, Carlson’s show often drew more than 3 million viewers, consistently ranking as the #1 or #2 cable news show.

That meant big bucks for Fox. Despite some premium advertisers boycotting the show, Variety reports that advertisers spent more than $77m on Tucker Carlson Tonight last year, more than the ~$54m worth of airtime that advertisers bought on The Ingraham Angle and the $50m spent on Hannity. The firing suggests that Fox execs are keen to show that no personality is bigger than the network, with plans to rotate hosts for the prized 8pm slot suggesting the decision was made abruptly, with no “succession” plan in place.

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Reddit bounces on report that it’s in talks with Google, OpenAI on fresh data-sharing deal

Reddit shares were down 5% in Wednesday trading before news that the company is in early talks to make its next AI content-sharing deals with Google and OpenAI sent them back up to roughly flat.

According to reporting by Bloomberg, Reddit is seeking a new data deal structure that includes dynamic pricing and would encourage the companies’ AI users to contribute to Reddit.

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

$100B

Alphabet’s YouTube said it’s paid out over $100 billion to creators, artists, and media companies over the past four years — cementing its place as one of the internet’s biggest talent magnets. The Google-owned platform, which turned 20 this year, credited connected TVs as a major driver of growth.

YouTube said the number of channels earning over $100,000 from TV screens has surged over 45% in the past year alone. Meanwhile, ad revenue for YouTube grew double digits in Q2 to $9.8 billion, topping the Street’s estimates.

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Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”

Webtoon Entertainment shares jumped 36% in premarket trading Tuesday after Disney said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century Studios titles into a new streaming-style app run by Webtoon. The offering will launch in Q4 across the US and nine other countries.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” said Junkoo Kim, founder and CEO of Webtoon Entertainment.

The platform is expected to host more than 35,000 titles, mixing archived comics with Webtoon originals. Disney+ perks could also be on the table, giving the service a natural tie-in to Disney’s broader streaming play.

The arrangement isn’t final yet: Disney’s stake and the platform details are still under negotiation. But with Webtoon’s ~155 million monthly active users, the partnership gives Disney a mobile-friendly channel for its comics while Webtoon gains the ultimate IP access.

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