Media company – Devine Pearson http://devine-pearson.com/ Fri, 13 May 2022 02:08:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://devine-pearson.com/wp-content/uploads/2021/06/icon-2021-06-24T203607.015.png Media company – Devine Pearson http://devine-pearson.com/ 32 32 UNLV has sold a beloved literary magazine to a mysterious media company. Why? https://devine-pearson.com/unlv-has-sold-a-beloved-literary-magazine-to-a-mysterious-media-company-why/ Fri, 13 May 2022 01:15:45 +0000 https://devine-pearson.com/unlv-has-sold-a-beloved-literary-magazine-to-a-mysterious-media-company-why/ When the University of Nevada at Las Vegas acquired The believer in March 2017, a Press release boasted of being “one of the world’s leading art and culture journals” and listed prominent writers who had contributed to its pages, including Anne Carson and William T. Vollmann. A co-founder of The believer called UNLV “a perfect […]]]>

When the University of Nevada at Las Vegas acquired The believer in March 2017, a Press release boasted of being “one of the world’s leading art and culture journals” and listed prominent writers who had contributed to its pages, including Anne Carson and William T. Vollmann. A co-founder of The believer called UNLV “a perfect home” for the widely respected publication.

Five years later, the university sold The believer to Paradise Media, a mysterious company registered in Puerto Rico. The last article that The believerthe publishers of published before the sale was a meeting with director David Lynch. After the transfer, the new owner quickly published an article on The believer‘s website listing the “25 best dating sites” for “pure sex without commitment” (for the record, the article only listed 20 sites). Paradise Media, it seems, had a different editorial philosophy.

I am disappointed in UNLV’s lack of judgment and absolutely cannot understand why UNLV would damage its own reputation and sully my name and foundation in this way.

Beverly Rogers, donor to the Black Mountain Institute at UNLV

The company appears to be a search engine optimization company that is loosely associated with a site of sex toys. Why would UNLV hand over the reins of The believer to such an outfit?

The short answer: money. Paradise Media, according to documents supplied to The Chronicle by the university in response to a public records request, paid $225,000 for the magazine. the purchase agreement gives the company the rights to the magazine’s name, website, archives, and customer lists, among other assets. UNLV announced last October that it was closing the magazine because it was “consuming a significant amount” of the resources of the university’s Black Mountain Institute, a literary center whose mission is “to bring writers – and the literary imagination – at the heart of public opinion”. life.” In a statement to The Chronicle, the university said that “while The believer was a highly valued vehicle for literary works, the college has a responsibility to direct resources to initiatives most critical to the mission of the institute.

The founders and former staff members of The believer weren’t thrilled when they discovered that the literary non-fiction journal they had created and run for nearly two decades was now a medium for publishing dating site reviews. In a open letter posted on Medium, they called it “strange territory” for the magazine. They also noted that McSweeney’s, the San Francisco-based nonprofit publishing company that was The believeroriginal, had been in talks with UNLV to buy the magazine.

“UNLV representatives were opaque in their dealings,” wrote the staffers, including founders Heidi Julavits, Ed Parks and Vendela Vida. They also said the staff received “no notice or consultation regarding the sale of the magazine to Paradise Media”.

McSweeney’s actually made an offer to the university, even though it was basically the university donating The believer return to McSweeney’s, according to a letter McSweeney was sent to UNLV in January. According to the university, McSweeney’s “requested that the assets be granted to them free of charge and that UNLV also cover the financial liability of any unexecuted subscriptions with an overall net loss to the university.”

UNLV accepted the best financial offer made by the lesser known entity.

I texted Ian Moe, the managing director of Paradise Media, about the purchase. Moe said he had been a “huge fan” of The believer when he was in college, and when he heard it was closed, he emailed the college. “They said they would hear my offer and were open to selling, and that was it,” he wrote. “I explained my idea of ​​adding articles that answer specific questions for searchers (SEO content) to generate enough revenue to keep the magazine as it was in its glory days.”

After the backlash of the hookup article, a memo (dated March 22, 2021, for some reason) was posted on the site titled “Plan to Bring the Believer Back”. It included a list of “informative SEO content” that would be published in the future on topics such as “mood ring color meanings”, “types of clouds”, and “world’s largest spider”. “. This note was removed on Thursday and replaced with a similar note Remark, which said Paradise Media was “cancelling and deleting all trade review articles”. (The branch article was removed from the site on Thursday evening).

Moe publicly responded to questions about the purchase of The believer via a Twitter account for Sex Toy Collective, a site he founded that posts reviews of vibrators and sex furniture. “I don’t have another twitter, and it was probably a mistake contacting us through our sex toys website, but just wanted everyone to know that this dating post was not meant to be spam,” he wrote to The Chronicle. “It was just to make money by using Google (not readers) as a first step towards reprinting things.”

Here’s a curious note: the author of the hookup article is listed as Aaron Cutler, who wrote several articles years ago for the believer, including an essay on the films of the Lithuanian American poet Jonas Mekas. I spoke with Cutler via Zoom from his home in São Paulo, Brazil. He didn’t write the hookup article, which is obvious after going through his past work. “As a freelance writer, this is an attack on my reputation,” he said. Cutler also guessed that his name was chosen because it starts with two A’s and therefore could be at the top of a list of Believer contributors.

Amid the controversy, the website for Paradise Media has been removed and replaced with a “coming soon” graphic.

Another person upset about the sale is Beverly Rogers, chair of the board of directors of the Rogers Foundation, which donated $30 million to the Black Mountain Institute at UNLV. His name is part of the official institute nickname. She says the sale of The believer to Paradise Media was made without his knowledge. “I am disappointed in UNLV’s lack of judgment and for my life I cannot understand why UNLV would damage its own reputation and sully my name and my foundation in this way,” she said. in a statement sent to The Chronicle.

Roger wanted The believer to return under McSweeney and said she was told UNLV was doing their due diligence and would get back to her about a possible transfer. “I am a champion of literature and the arts and probably one of the greatest cheerleaders UNLV has ever seen,” Rogers wrote. “I didn’t expect UNLV to disrespect me so blatantly.”

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InvestmentPitch Media Video Discusses Life Sciences Holding Company FSD Pharma and the Closing of its $16.4M Non-Core Asset Sale https://devine-pearson.com/investmentpitch-media-video-discusses-life-sciences-holding-company-fsd-pharma-and-the-closing-of-its-16-4m-non-core-asset-sale/ Wed, 11 May 2022 10:00:00 +0000 https://devine-pearson.com/investmentpitch-media-video-discusses-life-sciences-holding-company-fsd-pharma-and-the-closing-of-its-16-4m-non-core-asset-sale/ InvestmentPitch Media and FSD Pharma VANCOUVER, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) — FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FSE: 0K9A), a life sciences holding company dedicated to building a portfolio of biotechnology assets and solutions, completed the sale of non-core assets for $16.4 million. A media clip accompanying this announcement is available […]]]>

InvestmentPitch Media and FSD Pharma

VANCOUVER, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) — FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FSE: 0K9A), a life sciences holding company dedicated to building a portfolio of biotechnology assets and solutions, completed the sale of non-core assets for $16.4 million.

A media clip accompanying this announcement is available by clicking on the image or link below:

FSD Pharma Video Streaming: FSD Pharma Video Streaming

FSD Pharma Video Streaming: FSD Pharma Video Streaming

For more information, please watch the InvestmentPitch Media video which provides additional information on this news and the company. The video can be viewed at “InvestmentPitch” and on “Youtube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “FSD Pharma” in the search field.

The company sold its former cannabis processing plant, located in Coburg, Ontario, which it acquired for $5.5 million in November 2017. The property includes a 26.1-hectare parcel of land and a building of 50,800 square meters.

After commissions and fees, the sale raised approximately $15,481,000 in non-dilutive cash, increasing the company’s cash position to approximately $50 million, or approximately $1.30 per share with only $38.4 million. shares issued. The shares are currently trading at $1.15 on the Canadian Securities Exchange.

The facility was not essential to the company’s business model when it decided in early 2020 to exit the crowded cannabis production market to focus as a biotechnology company. In addition to the sale of this non-core asset, the company continues to increase shareholder value through a share buyback plan, which to date in 2022 has reduced the outstanding share position by 1.52 million shares.

Anthony Durkacz, Interim CEO and Co-Executive Chairman, said:This is a major achievement that positions us well for the future, especially given the current state of financial markets. While most businesses suffered huge write-downs on cannabis asset disposals, we were able to realize a significant net profit from the sale of the facility. Combined with our existing cash, we are sufficiently capitalized for our operations through 2025, including budget allocations for planned clinical trials and without having to turn to the capital markets for additional funds. Our cash position now exceeds our market capitalization as we continue to work to create value for our shareholders.”

FSD Pharma Inc., as a biotechnology company, is focused on advancing novel drug candidates targeting lucrative areas of unmet medical need such as muscular sclerosis, depressive disorders and inflammatory disorders. Its neuroprotective compound Lucid-MS has been shown, in preclinical models, to prevent and reverse the breakdown of myelin, which is a cause of multiple sclerosis as well as other neurodegenerative disorders. It has shown excellent results in several animal models. The current treatment market is valued at US$23 billion worldwide.

For more information about the Company’s drug candidates, please visit the Company’s website, www.FSDpharma.comor contact Zeeshan Saeed, President and Executive Co-President, at 416-854-8884 or by email at zsaeed@FSDpharma.com.

For investor relations IR@FSDPharma.com.

Warning

The information in this video by Investmentpitch Media Ltd is intended for viewers only. FSD Pharma paid a fee not exceeding $2,000 in cash to have its current press release produced in video format. Company information is based on publicly available information. Any information provided by Investmentpitch Media Ltd., through its media services should not be construed as a recommendation, suggestion or offer to buy or sell any securities, but is provided solely as an informational media service. Investmentpitch Media Ltd makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be performed by the viewer or their financial advisor. Investing in securities is speculative and involves risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which, combined with its wide distribution, positions a company’s story in front of the thousands of companies seeking exposure and funding from the investment community. The company specializes in producing short videos based on important press releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, Chief Financial Officer
bmorgan@investmentpitch.com

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Jack Campbell, Rebecca Campbell launch sales, production company Jackrabbit Media on the eve of Cannes (exclusive) | News https://devine-pearson.com/jack-campbell-rebecca-campbell-launch-sales-production-company-jackrabbit-media-on-the-eve-of-cannes-exclusive-news/ Tue, 10 May 2022 01:20:37 +0000 https://devine-pearson.com/jack-campbell-rebecca-campbell-launch-sales-production-company-jackrabbit-media-on-the-eve-of-cannes-exclusive-news/ On the eve of Cannes, sales veteran Jack Campbell and Rebecca Campbell started Arizona-based Jackrabbit Media, focused on third-party feature sales and acquisitions, AVoD aggregation, and in-house productions. The husband and wife team plans to produce two to three commercial films a year and will be at its stand on the Croisette to present the […]]]>

On the eve of Cannes, sales veteran Jack Campbell and Rebecca Campbell started Arizona-based Jackrabbit Media, focused on third-party feature sales and acquisitions, AVoD aggregation, and in-house productions.

The husband and wife team plans to produce two to three commercial films a year and will be at its stand on the Croisette to present the slate and business plan to long-time partners and new industry partners.

Jack Campbell is President and CEO of Jackrabbit Media and has worked in sales for 21 years. Rebecca is appointed COO and comes from a financial background in public company reporting and compliance. They most recently owned Octane Entertainment which they purchased from the original owner in May 2019.

Sales and Acquisitions Director Andi Jackson gives the company a European presence and has recently moved to the UK.

Two feature films shot in the last two and a half years. Christian Sesma’s action thriller Pay stars Val Kilmer, Luke Goss, Mike Hatton and Paul Sloan and is produced by Jack Campbell, Sesma, Hatton and Goss.

Influencer

horror thriller Influencer filmed in Thailand last November and December and will be the first production released under the new company, which will screen at Cannes. Kurtis David Harder (Spiral, In control) made from a script he co-wrote with Tesh Guttikonda about a social media influencer on a backpacking trip to Thailand whose travels take a dark turn. Cassandra Naud, Emily Tennant, Rory J. Saper and Sara Canning star.

Harder, whose production credits include V/H/S/94product Influencer with Guttikonda, Brandon Christensen, the director of Still/Born, Z and Superhost, as well as Campbell and Michah Henry. Campbell said Jackrabbit secured private funding for three more Harder feature films to shoot over the next two years.

“We are so grateful for all the support from family, friends and customers,” the Campbells said. “Moving to Arizona has been a blessing for our family and our business and we couldn’t think of a better time or place to launch Jackrabbit in Cannes next week as we finally return to the markets in person.”

Jack Campbell recently teamed up with longtime friend and mentor Anthony E. Zuiker, creator of the CSI: Crime Scene Investigation franchise, to develop an action/sci-fi franchise Killer 51which Zuiker will write and Campbell will produce alongside Zuiker and Anthony Callie (Boss Level, Acts of Violence, Escape Plan 2: Hades). Sales of this title are expected to begin in Toronto. Dimiter Nikolov is a production consultant.

Jackrabbit’s Cannes Sales List Includes Supernatural Sci-Fi Jonah currently filming in British Columbia and starring Osric Chau and Alaina Huffman; horror thriller Eradication from The boy behind the door and The Djinn producer Ryan Scaringe; and horror thriller Nothing from Sharknado director Anthony C. Ferrante.

Rounding out the initial list is a fantasy action title Ike Boys with Billy Zane; romantic sci-fi The time capsule from producer Amanda Marshall (God’s country); western horror Ghosts of the Ozarks with David Arquette and Tim Blake Nelson; and thriller Precipitate with Siobhan Fallon Hogan and Robert Patrick.

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US announces sanctions against Kremlin-controlled media https://devine-pearson.com/us-announces-sanctions-against-kremlin-controlled-media/ Sun, 08 May 2022 18:07:00 +0000 https://devine-pearson.com/us-announces-sanctions-against-kremlin-controlled-media/ The United States announced a series of new sanctions against Russia on Sunday, cutting off Kremlin-controlled media from American advertisers and banning the country from using management and accounting consulting services provided by the United States, according to a senior administration official and a White House fact sheet. President Joe Biden and G-7 leaders met […]]]>

The United States announced a series of new sanctions against Russia on Sunday, cutting off Kremlin-controlled media from American advertisers and banning the country from using management and accounting consulting services provided by the United States, according to a senior administration official and a White House fact sheet. President Joe Biden and G-7 leaders met virtually with Ukrainian President Volodymyr Zelenskyy on Sunday to discuss new steps the United States and its allies are taking to punish Russia for its unprovoked invasion of Ukraine. The announcement also included new export controls against Russia’s industrial sector and about 2,600 visa restrictions for Russian and Belarusian officials, as well as the first sanctions against the leaders of Gazprombank, the institution by which most of of Europe buys Russian gas. Western sanctions imposed since Russia invaded Ukraine earlier this year have plunged Russia’s economy into a deep recession as it makes the difficult transition to a closed economy. “This is already a failure for Putin, and we will continue to honor the courageous struggles of the Ukrainian people and listen to President Zelenskyy and recommit to staying the course,” the senior administration official told reporters. before the president’s meeting. The official added that the appeal would also highlight how Russian President Vladimir Putin is “dishonouring” the sacrifices made by Soviet Russian citizens, millions of whom sacrificed their lives to defeat fascism during World War II. “Putin is dishonouring these sacrifices by spreading his lies, his misinformation about the barbarity he is committing in Ukraine… This is truly a chance to speak the truth and demonstrate our continued unity,” the appeals official said. Taken together, today’s actions are a continuation of Russia’s systematic and methodical withdrawal from the global financial and economic system, and the message is that there will be no safe haven for the Russian economy. if Putin’s invasion continues,” the official told reporters. The three US-sanctioned TV channels are Channel One Russia, Television Station Russia-1 and NTV Broadcasting Company. , they received more than 300 billion billion in advertising revenue from Western countries last year, according to the official,” the official said. Notably, US legal services were not included in Sunday’s ban. The United States, according to the official, has decided to continue to allow the search for “due process”, but added that the government will continue to reassess this “every day” and is waiting to see what happens. will pass after the initial banning of the services. The official noted that the UK has not instituted such a ban either. The official also made sure to note that the ag sanctions against the leaders of Gazprombank are just that: actions against the leaders of the important financial institution and not a total sanction against the bank itself, with which the Europeans have to do business to keep buying Russian gas. “This is not a complete block. We are not freezing Gazprombank’s assets or prohibiting any transactions with Gazprombank. What we are pointing out is that Gazprombank is not a safe haven. And so we are sanctioning some of the most senior corporate executives, these are the people who sit at the top of the organization, to create a chilling effect,” the official said. The decision to restrict exports of industrial products to Russia is intended to hamper the Kremlin’s industrial capacity and war capability, in the same way that Western restrictions on microchips limit Russia’s ability to manufacture guided missiles. accuracy, the official said. In addition to the export ban on Russian industrial services, the United States also sanctioned Promtekhnologiya LLC, which manufactures weapons, including rifles used by Russian forces in Ukraine. The Nuclear Regulatory Commission will also no longer authorize the export of uranium, plutonium or other nuclear-related products. Sunday to discuss new sanctions against Russia and the impact of the war in Ukraine on global food security. Kuleba said in a tweet that the United States is pre-sparing “strong new sanctions” against Russia, adding that the two diplomats “discussed ways to unlock Ukraine’s food exports and ways to enable global food security.”

The United States announced a series of new sanctions against Russia on Sunday, cutting off Kremlin-controlled media from American advertisers and banning the country from using management and accounting consulting services provided by the United States, according to a senior administration official and a White House fact sheet. .

President Joe Biden and G-7 leaders met virtually with Ukrainian President Volodymyr Zelenskyy on Sunday to discuss new steps the United States and its allies are taking to punish Russia for its unprovoked invasion of Ukraine. The announcement also included new export controls against Russia’s industrial sector and about 2,600 visa restrictions for Russian and Belarusian officials, as well as the first sanctions against the leaders of Gazprombank, the institution by which most of of Europe buys Russian gas.

The series of US and Western sanctions imposed since Russia invaded Ukraine earlier this year have pushed Russia’s economy into a deep recession as it makes the difficult transition to a closed economy.

“This is already a failure for Putin, and we will continue to honor the courageous struggles of the Ukrainian people and listen to President Zelensky and recommit to staying the course,” the senior administration official told reporters. before the President’s speech. Meet.

The official added that the appeal would also highlight how Russian President Vladimir Putin “disgraces” the sacrifices made by Soviet Russian citizens, millions of whom sacrificed their lives to defeat fascism during World War II.

“Putin dishonors these sacrifices by spreading his lies, his misinformation about the barbarism he is committing in Ukraine… This is truly a chance to speak the truth and demonstrate our continued unity,” the official said of the announcement. ‘call.

“Taken together, today’s actions are a continuation of Russia’s systematic and methodical withdrawal from the global financial and economic system. And the message is that there will be no safe haven for the Russian economy if Putin’s invasion continues,” the official told reporters.

The three television networks sanctioned by the United States are Channel One Russia, Television Station Russia-1 and NTV Broadcasting Company. Together, they received more than $300 billion in advertising revenue from Western countries last year, according to the official.

“We’re not going to get involved in helping them spread the lies and deceptions you hear every day from Putin,” the official said.

Notably, US legal services were not included in Sunday’s ban. The United States, according to the official, has decided to continue to allow the search for “due process”, but added that the government will continue to reassess this “every day” and is waiting to see what happens. will pass after the initial banning of the services. . The official noted that the UK has not instituted such a ban either.

The official was also careful to note that the sanctions against the leaders of Gazprombank are just that: actions against the leaders of the important financial institution and not a total sanction against the bank itself, with which the Europeans must make do. business to continue buying Russian gas.

“It’s not a complete block. We’re not freezing Gazprombank’s assets or prohibiting any transactions with Gazprombank. What we’re pointing out is that Gazprombank is not a safe haven. And so we’re sanctioning some of the most senior corporate executives, these are the people who sit at the top of the organization, to create a chilling effect,” the official said.

The decision to restrict exports of industrial products to Russia is aimed at hampering the Kremlin’s industrial capacity and warfare capability, in much the same way as Western restrictions on microchips limit Russia’s ability to manufacture guided missiles. accuracy, the official said.

In addition to banning the export of Russian industrial services, the United States also sanctioned Promtekhnologiya LLC, which manufactures weapons, including rifles used by Russian forces in Ukraine. The Nuclear Regulatory Commission will also no longer authorize the export of uranium, plutonium or other nuclear-related products.

Ukrainian Foreign Minister Dmytro Kuleba met with US Secretary of State Antony Blinken on Sunday to discuss new sanctions against Russia and the impact of the war in Ukraine on global food security.

Kuleba said in a Tweeter that the United States is preparing “strong new sanctions” against Russia, adding that the two diplomats “discussed ways to unblock Ukraine’s food exports and ways to enable global food security.”

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‘GOT7 Is Our Name’: Boy Group Creates New Social Media Accounts For May Comeback https://devine-pearson.com/got7-is-our-name-boy-group-creates-new-social-media-accounts-for-may-comeback/ Sat, 07 May 2022 08:02:00 +0000 https://devine-pearson.com/got7-is-our-name-boy-group-creates-new-social-media-accounts-for-may-comeback/ New account, who is it? Boy group GOT7 may have ended their long slave contract with record label JYP Entertainment, but it seems they’re not willing to let go of each other and their fans Ahgases aka IGOT7. On May 6, after torturing fans with clue after clue about their first official full group comeback […]]]>

New account, who is it? Boy group GOT7 may have ended their long slave contract with record label JYP Entertainment, but it seems they’re not willing to let go of each other and their fans Ahgases aka IGOT7. On May 6, after torturing fans with clue after clue about their first official full group comeback since “Breath of Love: Last Piece” which was released in 2020, GOT7 is finally making a comeback and it’s brand new.

With leader Jay B establishing his own label – 528Hz and marketing GOT7 subunits like JUS2 with members Yugyeom and Jay B as well as JJProject with members Jinyoung and Jay B. Considering the potential of GOT7 which has been made obvious to fans when the members released their debut single, ‘Encore’ after collectively leaving their label in 2021.

READ MORE

Is GOT7 making a comeback in May 2022? Media confirms as fans analyze member clues

GOT7’s Jackson Wang To Appear On ‘The Kelly Clarkson Show’ With Jake Johnson And Natasha Leggero

GOT7 is gearing up for their upcoming unlabeled comeback

While many K-pop fans suspected GOT7 of making a comeback without a label to support them, it seems the boys have a clear vision of being together as a group and promoting at GOT7 alongside their solo projects. With a lot of buzz surrounding their highly anticipated comeback, it looks like the members of GOT7 are trying to get a fresh start with new social media accounts. After Korean media reported that GOT7 had already recorded a comeback in May 2022, fans couldn’t keep calm as expected.

GOT7 presents their new social media accounts and a new logo for their upcoming comeback (JYP Entertainment; @got7_isourname/Instagram)

As fans waited for an official confirmation from the boys themselves, it seemed the news of the comeback was a hoax as maknae Yugyeom was set to film in Berlin which he is currently doing for his very first gig as soloist. But, much to the surprise of fans, on May 6, members Jay B, Youngjae, and Mark took to their official Instagram accounts to announce that the boy group was starting afresh with new Instagram, Twitter, YouTube, and TikTok accounts. for preparing. their roaring return as a full band after a two-year hiatus.

Not only that, but Ahgases can now expect a completely different vibe from the comeback as, just like the members of GOT7, the group’s logo has also received a much-needed update. GOT7 opened their new social media accounts with the phrase “GOT7 is our name” while their regular tagline “Come and Get It – GOT7” was also present. GOT7’s new logo features a new font in which the letter “G” turns into the number “7”, while the logo itself resembles a pen tip, which further signifies how GOT7 members write and produce their own songs.

If you have an entertainment scoop or story for us, please contact us at (323) 421-7515

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Another Elon Musk Biography Coming Soon: Here’s Which Company Is Behind It https://devine-pearson.com/another-elon-musk-biography-coming-soon-heres-which-company-is-behind-it/ Thu, 05 May 2022 22:33:12 +0000 https://devine-pearson.com/another-elon-musk-biography-coming-soon-heres-which-company-is-behind-it/ The richest man in the world has been a popular subject of articles and television series for media companies. Another company has just entered the race. What happened: Leading English media company BBC (British Broadcasting Corporation) is create a documentary series on Tesla Inc. TSLA CEO Elon Musk. The series, which has a working title […]]]>

The richest man in the world has been a popular subject of articles and television series for media companies. Another company has just entered the race.

What happened: Leading English media company BBC (British Broadcasting Corporation) is create a documentary series on Tesla Inc. TSLA CEO Elon Musk.

The series, which has a working title of “The Elon Musk Show,” will include interviews with friends, associates and family members. The series will also include archival footage from Musk’s pre-Tesla days in Silicon Valley.

‘The Elon Musk Show’ is set to be a three-episode series and will air on BBC2 later this year. BBC2 is broadcast in the UK and several European countries. No details have been shared if the series will be coming to the United States. The BBC is co-owner of BBC America with AMC Networks Inc AMCXwhich could be a potential landing spot for the new series.

Related Link: 5 Things You Might Not Know About Elon Musk

Why it matters: The BBC said the series would “get to the heart of who Elon Musk really is”.

The new show comes at a time when Musk is leading both Tesla and SpaceX and is in the process of buying out the social media platform Twitter Inc. TWTRwhere he could also be the temporary CEO once the takeover is complete.

“Elon Musk is one of the most enigmatic and intriguing people in the world. By exploring his roots and how he revolutionized fields as diverse as space exploration, the internet and green technologies will shed new light on how which we have come to this,” said the BBC editor. Simon Young mentioned.

Author Walter Isaacson is also writing a book about Musk, which could potentially be highly coveted by media companies to turn into a series or a movie. Isaacson wrote a well-known biography on Apple Inc. AAPL co-founder Steve Jobs which was made into a movie by Comcast Company CMCSA Universal Pictures unit.

A documentary series centered around Tesla’s self-driving technology struggles, titled “Elon Musk’s Crash Course,” will premiere May 20 on FX and Hulu, two units of Walt Disney Co. SAY. The series is based on a New York Times Co. NYT investigation.

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Nexstar Media Group: potential revenue rebound, inflation concern (NASDAQ: NXST) https://devine-pearson.com/nexstar-media-group-potential-revenue-rebound-inflation-concern-nasdaq-nxst/ Wed, 04 May 2022 21:52:00 +0000 https://devine-pearson.com/nexstar-media-group-potential-revenue-rebound-inflation-concern-nasdaq-nxst/ FG Trade/E+ via Getty Images Investment Thesis: Nexstar Media Group could see a rebound in political advertising revenue growth due to interest in the upcoming midterm elections. However, inflation and potential termination of television subscriptions could be a risk factor for the company. In a previous February article, I argued that Nexstar Media Group (NASDAQ: […]]]>

FG Trade/E+ via Getty Images

Investment Thesis: Nexstar Media Group could see a rebound in political advertising revenue growth due to interest in the upcoming midterm elections. However, inflation and potential termination of television subscriptions could be a risk factor for the company.

In a previous February article, I argued that Nexstar Media Group (NASDAQ: NXST) could see a significant rebound in political ad revenue ahead of the U.S. midterm elections.

That being said, we have seen prices drop significantly lately:

investment.com

investment.com

The purpose of this article is to examine whether the recent consolidation is justified – especially given the performance of the previous quarter – and whether we can expect to see a rebound higher from here.

Performance

One of the main reasons Nexstar Media Group experienced a significant decline was a sharp drop in political advertising revenue compared to that of Q4 2020 – when interest was high following the US presidential election.

Nexstar Media Group: results for the 4th quarter of 2021

Nexstar Media Group: results for the 4th quarter of 2021

On a yearly basis, we can see that while net income grew modestly by 2.8%, this was heavily hampered by the 91.1% decline in political advertising revenue. In contrast, Core Advertising revenue grew 12.1% over the same period.

It’s worth noting that it’s not uncommon for the company to see a significant drop in political advertising revenue during periods of calm across the political spectrum. For example, Nexstar Media Group had previously seen a decline of almost 80% on an annual basis to just over $51 million for Q4 2019 compared to the previous year.

Nexstar Media Group: results for the 4th quarter of 2019

Nexstar Media Group: results for the 4th quarter of 2019

From this perspective, given that core ad revenue continued to grow respectably on a year-over-year basis, a recovery in political ad revenue should once again significantly bolster net income growth.

Based on EBITDA, we can see that while the EV/EBITDA ratio is trading near a 10-year low, EBITDA per share itself is concurrently trading near a 10-year high :

ycharts.com

ycharts.com

From this perspective, the stock could have significant upside potential if net income growth picks up due to a rebound in political advertising revenue.

From a balance sheet perspective, we can see that the company’s unrestricted cash levels (i.e. cash that can be spent freely without having to be used to service debt) have increased by 25%, from $152.7 million to $190.9 million.

Nexstar Media Group: results for the 4th quarter of 2021

Nexstar Media Group: results for the 4th quarter of 2021

Furthermore, we note that the total consolidated debt has decreased by just over 3% compared to the previous year.

In that regard, the fact that the company was able to bolster its cash reserves despite a decline in overall TV advertising revenue is quite impressive.

Looking forward

Looking to the remainder of the year, a significant driver of Nexstar Media Group’s share price recovery is a recovery in political advertising revenue. While this segment is expected to trend higher ahead of the midterm elections, further downside risks should be considered if revenue growth falls short of expectations.

While inflation is expected to be a politically contentious issue in the coming semesters, it is also impacting the willingness of some customers to afford TV subscriptions. With the price of basic necessities such as food and gasoline rising, we could see more Americans choosing to cancel TV subscriptions.

For example, a survey by Mohu in November 2021 revealed that approximately 44% of American adults plan to cancel at least one TV subscription in the next six months. This was before the current situation in Ukraine heightened concerns over food and fuel prices, and it is possible that this trend will accelerate.

From this perspective, the main risk for Nexstar Media Group is that, although political advertising revenues may see a significant increase in the future, the magnitude of the increase may be less than expected. wait for a midterm election year if the cost of television services proves to be too high. prohibitive for a significant proportion of Americans.

Conclusion

In closing, Nexstar Media Group appears to be in a strong cash position and could have a significant advantage from here if the rebound in political advertising revenue proves strong enough. However, inflation and the resulting potential cancellations of television subscriptions could prove to be a challenge in the future.

Additional Disclosure: This article is written “as is” and without warranty. The content represents my opinion only and does not constitute professional investment advice. It is the reader’s responsibility to exercise due diligence and seek investment advice from a licensed professional before making any investment decision. The author assumes no responsibility for any action taken based on the information in this article.

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The latest marketing tool from Korean companies https://devine-pearson.com/the-latest-marketing-tool-from-korean-companies/ Tue, 03 May 2022 05:39:42 +0000 https://devine-pearson.com/the-latest-marketing-tool-from-korean-companies/ Hyundai Motor Shooting Star NFT Collection. (Yonhap) Non-fungible tokens have become the latest marketing tool for South Korean companies, as many of them issue the digital asset to attract the attention of young customers. Hyundai Motor announced on Tuesday that it will launch a new collection of 10,000 Shooting Star NFTs on May 9 through […]]]>

Hyundai Motor Shooting Star NFT Collection. (Yonhap)

Non-fungible tokens have become the latest marketing tool for South Korean companies, as many of them issue the digital asset to attract the attention of young customers.

Hyundai Motor announced on Tuesday that it will launch a new collection of 10,000 Shooting Star NFTs on May 9 through its NFT marketplace.

The collection is the follow-up to a short film released last month by the automaker and Meta Kongz, a local blockchain technology platform company and creator of an NFT brand of the same name. The launch of its new NFT collection aims to broaden the brand experience of customers in the “Metamobility universe”, a concept created by the automaker.

NFT of the shoes of former South Korean presidents.  (Squire Hyungji)

NFT of the shoes of former South Korean presidents. (Squire Hyungji)

A local shoemaker, Hyungji Esquire, also said on the same day that he would post NFTs of shoes worn by former South Korean presidents – former presidents Park Chung-hee, Roh Tae-woo, Kim Young-sam, Kim Dae-jung and Lee Myung-bak.

Based on work orders the company received from past presidents, the cobbler restored the shoes as NFT. The tokens will be released on the NFT OpenSea market on Friday.

The project was designed to honor past presidents, the company said. All proceeds from NFT sales will be donated to charity, he added.

With companies getting into the NFT business, Korea’s NFT market – which was valued at 14 billion won ($12.6 million) in 2021 – is expected to reach 35 billion won by the end of 2022. , according to data from Statista.

By Lee Seung-ku (seungku99@heraldcorp.com)

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Razer co-founder and gaming mouse pioneer Robert Krakoff has died https://devine-pearson.com/razer-co-founder-and-gaming-mouse-pioneer-robert-krakoff-has-died/ Sun, 01 May 2022 12:23:04 +0000 https://devine-pearson.com/razer-co-founder-and-gaming-mouse-pioneer-robert-krakoff-has-died/ Robert “Razerguy” Krakoff, the co-founder and former president of gaming hardware company Razer, died last week at the age of 81. legacy. In 1999, Krakoff was behind the very first gaming mouse: the Razer Boomslang. Not only was it the foundation of Razer’s now massive line of gaming mice, it arguably kickstarted the entire gaming […]]]>

Robert “Razerguy” Krakoff, the co-founder and former president of gaming hardware company Razer, died last week at the age of 81. legacy.

In 1999, Krakoff was behind the very first gaming mouse: the Razer Boomslang. Not only was it the foundation of Razer’s now massive line of gaming mice, it arguably kickstarted the entire gaming peripheral industry. Below, you can see Krakoff himself in a advertisement promoting the Razer Boomslang mouse in 2002 – alongside professional gamer Johnathan “Fatal1ty” Wendel, who signed a landmark sponsorship deal with Razer long before the word “esports” entered the lexicon.

Origin stories can be convoluted, and Razer’s history is more convoluted than most. Razer wasn’t really a the society until 2005 – it was the trademark of an entity called Karna, which had invented an opto-mechanical encoder wheel capable of tracking mouse movements at 2000 dpi, a resolution far superior to that of other mice of the time. (Yes, the first gaming mouse rolled over wheelseven if optical mice became a thing.)

Kärna went bankrupt in 2001and Krakoff co-founded Razer the company with current CEO Min-Liang Tan in 2005, but neither man invented the gaming mouse: This case study (pdf) details how a marketing agency named Fitch created all the Razer brandincluding the name, the iconic three-headed serpent logo, website, packaging and, most importantly, the design and engineering of the Boomslang mouse itself.

None of this is disputed: Razer’s first press release says the Boomslang was “designed by Fitch, Inc. for kärna”.

Razerzone.com in 1999.

Screenshot via Internet Archive

But he also cites a “Robert Krakoff, Chief Executive Officer of Razer” – who would not only become the public face of the company for its first decade and change, but would make an incredible impression as one of the most accessible public faces. from a company. could ever have the pleasure of knowing.

You would have a little message from Razerguy with every Razer product you purchased, and his public email address wasn’t just for show. He was known for responding to fans and sit down for interviews with rambling reporters who barely had a following. Occasionally he would give them work. According to his Facebook page, he himself studied journalism at UCLA, although he did so on a football scholarship.

He was also remarkably candid: in 2009, he told me, to Sean, an equally unknown reporter, that the company didn’t actually need to sell a single unit of its brand new Razer Mamba Wireless Mouse at the price then extortionate $130. . The goal, he said, was to inspire a broad audience of gamers with the innovation, knowing they would choose other, less expensive mice and merchandise from Razer.

A known left-hander, he also told me that he wanted Razer to be able to make a left-handed mouse, but he didn’t have the power as president of the company to make it happen – the board had apparently decided it didn’t make financial sense. A year later, I smiled when I saw the release of Razer the first left-handed gaming mousea mirror version of his best-selling DeathAdder.

While Krakoff still advised the company for years as “Chairman Emeritus,” Razer wasn’t his last act by far. He also founded ScienceMindFXa brand that focuses on selling energy drinks and supplements, serving as “a healthy alternative to high-caffeine energy drinks and pre-workout products”.

Fitness seemed to be an important part of Krakoff’s life. He played for the Los Angeles Rams for five years in the 1960s. As he got older, Krakoff said he enjoyed playing tennis, riding his bike, and working out. He and his wife, Dr. Patsi Krakoff, even ran a blog focused on fitness and nutrition advice for seniors, and co-authored a book on secrets to staying young.

But under the name of RM Krakoffhe also had a literary career of his own — writing a dozen books since 2009. After working as an editor, Krakoff said he “put his proverbial pen where his mouth was (the ink tasted like shit).” He dabbled in both fiction and non-fiction writing, writing everything from black comedies for sci-fi fantasies. His description of America Unbound: Fighting Demons in a Vanished Democracy is… a lot.

On Krakoff Facebook page, he said he would split his time between Jalisco, Mexico and Peoria, Arizona because he loved being “a sunbird and spending six months a year in each house.” He leaves behind two children, Scott and Robin, and five “very cool” grandchildren. Scott contributed cover art to most of her novels.

“We are saddened by the passing of Co-Founder and Chairman Emeritus, Robert Krakoff, known to all as RazerGuy,” read a statement from Razer. on Twitter. “Robert’s unwavering drive and passion for the game lives on and continues to inspire us all.”

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Nexstar Media Group, Inc. Announces Quarterly Dividend of $0.90 (NASDAQ: NXST) https://devine-pearson.com/nexstar-media-group-inc-announces-quarterly-dividend-of-0-90-nasdaq-nxst/ Sat, 30 Apr 2022 13:19:52 +0000 https://devine-pearson.com/nexstar-media-group-inc-announces-quarterly-dividend-of-0-90-nasdaq-nxst/ Nexstar Media Group, Inc. (NASDAQ: NXST – Get a rating) announced a quarterly dividend on Friday, April 29, Zacks reports. Shareholders of record on Friday May 13 will receive a dividend of 0.90 per share on Friday May 27. This represents an annualized dividend of $3.60 and a yield of 2.27%. The ex-dividend date is […]]]>

Nexstar Media Group, Inc. (NASDAQ: NXSTGet a rating) announced a quarterly dividend on Friday, April 29, Zacks reports. Shareholders of record on Friday May 13 will receive a dividend of 0.90 per share on Friday May 27. This represents an annualized dividend of $3.60 and a yield of 2.27%. The ex-dividend date is Thursday, May 12.

Nexstar Media Group has increased its dividend payout by an average of 23.1% per year over the past three years and has increased its dividend every year for the past 9 years. Nexstar Media Group has a dividend payout ratio of 16.5%, which means its dividend is sufficiently covered by earnings. Stock analysts expect Nexstar Media Group to earn $20.54 per share next year, meaning the company should continue to be able to cover its annual dividend of $3.60 with a ratio of expected future payout of 17.5%.

Shares of NXST opened at $158.42 on Friday. The company’s fifty-day simple moving average is $178.73 and its two-hundred-day simple moving average is $166.51. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt ratio of 2.58. Nexstar Media Group has a 12-month low of $135.87 and a 12-month high of $192.84. The company has a market capitalization of $6.50 billion, a price/earnings ratio of 8.33, a P/E/G ratio of 0.66 and a beta of 1.51.

Nexstar Media Group (NASDAQ: NXSTGet a rating) last reported results on Tuesday, February 22. The company reported EPS of $6.19 for the quarter, beating the consensus estimate of $4.87 by $1.32. The company posted revenue of $1.25 billion for the quarter, versus a consensus estimate of $1.23 billion. Nexstar Media Group achieved a return on equity of 31.18% and a net margin of 17.95%. The company’s revenue decreased by 9.5% compared to the same quarter last year. During the same period last year, the company posted EPS of $7.97. As a group, research analysts expect Nexstar Media Group to post EPS of 24.58 for the current year.

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 500 shares of the company in a trade dated Wednesday, March 2. The stock was sold at an average price of $190.00, for a total transaction of $95,000.00. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Also, COO Thomas Carter sold 5,000 shares of the company in a trade dated Tuesday, March 1. The shares were sold at an average price of $185.48, for a total value of $927,400.00. Disclosure of this sale can be found here. In the past three months, insiders have sold 53,166 shares of the company worth $9,667,457. Insiders hold 6.90% of the shares of the company.

Several institutional investors have recently changed their holdings in NXST. Metropolitan Life Insurance Co NY increased its position in Nexstar Media Group shares by 397.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 910 shares of the company valued at $137,000 after purchasing an additional 727 shares in the last quarter. The Tennessee State Treasury Department increased its position in Nexstar Media Group stock by 235.4% during the fourth quarter. The Tennessee State Treasury Department now owns 3,689 shares of the company valued at $557,000 after purchasing 2,589 additional shares in the last quarter. Advisors Asset Management Inc. increased its position in Nexstar Media Group shares by 4.6% during the fourth quarter. Advisors Asset Management Inc. now owns 11,581 shares of the company valued at $1,748,000 after buying 513 additional shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Nexstar Media Group shares by 1,001.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 13,284 shares of the company valued at $2,006,000 after purchasing an additional 12,078 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its position in Nexstar Media Group shares by 2.3% during the fourth quarter. Vident Investment Advisory LLC now owns 14,563 shares of the company valued at $2,199,000 after purchasing 324 additional shares in the last quarter. Hedge funds and other institutional investors hold 94.46% of the company’s shares.

Several equity analysts have recently weighed in on NXST shares. Zacks Investment Research upgraded Nexstar Media Group from a “sell” to a “hold” rating in a report released Tuesday, March 8. Rosenblatt Securities began covering Nexstar Media Group in a report on Tuesday April 19. They set a “neutral” rating and a price target of $180.00 on the stock. Benchmark raised its price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a Wednesday, February 23 report. Deutsche Bank Aktiengesellschaft raised its price target on Nexstar Media Group from $187.00 to $216.00 and gave the stock a “buy” rating in a Tuesday, March 1, report. To finish, StockNews.com upgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a Tuesday, April 19 report. Three research analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, Nexstar Media Group has a consensus rating of “Buy” and an average price target of $202.29.

About Nexstar Media Group (Get a rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, is focused on the acquisition, development and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to viewers.

See also

Dividend history for Nexstar Media Group (NASDAQ:NXST)



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