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Univision to name CEO; CBS to challenge shareholder bylaw amendments

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Univision to name CEO; CBS to challenge shareholder bylaw amendments

Top News

* Former Media General Inc. CEO Vincent Sadusky will succeed Randy Falco as CEO of Univision Communications Inc. as soon as June 1, The Wall Street Journal reports, citing sources with knowledge of the matter. In March, Univision confirmed reports that Falco planned to step down as CEO at year-end.

* CBS Corp. plans to challenge the purported bylaw amendments by controlling shareholder National Amusements Inc., according to an SEC filing. The media company said the purported bylaw amendments are invalid under Delaware law and cannot become effective under controlling federal law and SEC rules until 20 days after the information statement is distributed to stockholders. As a result, CBS Corp. believes the board's decision to declare a dividend intended to dilute NAI's voting interest was not subject to the purported bylaw amendments.

* As the upfront presentation season concludes, networks are gearing up for negotiations to determine how much business they will write prior to the upcoming TV season. Over the next month or more, the actual business deals will play out and the numbers will be counted. Until then, here are few takeaways from the lively presentation season.

TV Networks

* ESPN Inc. agreed to buy more fights from mixed martial arts organization UFC, Variety reports, citing sources familiar with the talks. ESPN reached an agreement to secure a second portion to the package currently held by 21st Century Fox Inc.'s Fox Sports that increased the total cost to about $300 million per year for five years, totaling $1.5 billion. The new deals cover 30 fights per year.

* Comcast Corp.'s Xfinity TV customers will be able to access EPIX (US) from June 13. EPIX's live and on-demand programming will be available across all Xfinity TV platforms, including X1 platform, and on devices in and out of home via the Xfinity Stream app and web portal.

* DISH Network Corp. and Augusta, Ga.-based Sagamore Hill Broadcasting have locked horns over a broadcast retransmission dispute, FierceCable.com reports. The stations affected by the blackout include ABC-affiliate WNCF-TV in Montgomery, Ala.,; FOX (US)-affiliate KFJX-TV in Joplin, Mo.; and CBS (US)-affiliate KZTV in Corpus Christi, Texas.

Internet & OTT

* Twitter Inc.'s apps will no longer be available on Roku Inc., Google Inc.'s Android TV and Microsoft Corp.'s Xbox devices from May 24, the company said. The move is part of efforts to comply with the European Union's General Data Protection Regulation, which goes into effect May 25, Variety reports.

* Yelp Inc. revived an antitrust complaint with European Union antitrust regulators against Alphabet Inc. unit Google, Reuters reports. In the complaint, Yelp accused Google of unfairly promoting its own services in search results.

* Skydance Media entered into a partnership with Netflix Inc. to co-produce and release original feature film "Six Underground." The movie will be directed by Michael Bay and will star Ryan Reynolds, the company said.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Nikkei 225 dropped 1.18% to 22,689.74.

In Europe, around midday, the FTSE 100 slid 0.73% to 7,819.62 and the Euronext 100 shed 1.01% to 1,076.46.

On the macro front

Reports due out today are bank reserve settlement, MBA mortgage applications, PMI composite flash, new home sales and EIA petroleum status.

Featured news

The Daily Dose Europe: Zuckerberg apologizes to EU parliament; Samsung to open AI hubs in UK, Russia: Facebook Inc. CEO Mark Zuckerberg apologized to European Parliament members, while Samsung Electronics Co. Ltd. will launch artificial intelligence research centers in U.K. and Russia this month.

The Daily Dose Asia-Pacific: Foxconn unit to raise US$4.3B in China IPO; SoftBank to sell Flipkart stake: Foxconn Industrial Internet Co., Ltd. is planning to raise up to 27.1 billion yuan in an initial public offering in China, while SoftBank Group Corp. has decided to sell its 21% interest in Indian e-commerce company Flipkart Online Services Pvt. Ltd. to Walmart Inc.

The Program Guide: Netflix signs content deal with Obamas; Royal wedding attracts 29M viewers in US: Stories about the royal wedding drawing 29 million viewers in the U.S., ABC (US) unveiling its fall programming schedule and Netflix signing a deal with the Obamas are included in this edition of The Program Guide.

Data Dispatch: Deutsche Telekom to preserve German dominance despite Vodafone-LG challenge: Deutsche Telekom AG has criticized the proposed combination of Vodafone Group PLC and Liberty Global PLC in its domestic German market, warning of a cable monopoly. However, its overall home dominance is unlikely to be challenged.

Featured research

Wireless Investor: SCWS World 2018: more than 300,000 small cells needed across Europe: At this week's SCWS World 2018 in London, experts stressed that Europe's deficiency of small cells makes it difficult to see how the continent will meet exploding mobile broadband service demands.

Economics of Internet: Q1 viewing places Hulu and Netflix far ahead of competition: ComScore Video Metrix data shows that Hulu LLC had some 80% of viewing coming from over-the-top (game consoles, streaming media players, smart TVs, etc.) in the first quarter and more than 60 million average monthly unique viewers.

Wireless Investor: Colombian regulator raises spectrum caps, prepares for 700 MHz auction: The Colombian mobile ecosystem is set to change due to an upcoming 700 MHz auction in 2018. While waiting for invitations to bid, mobile network operators move to upgrade current networks and test 5G.

Economics of Internet: VSPs adopt DVR basics to challenge incumbents for customers: Virtual video distributors adopt basic DVR functionalities as they challenge traditional multichannel video programming distributors for customers.

Multichannel Trends: Q1'18 broadband-only homes near 20 million mark: Broadband-only homes logged another quarter of mid-single-digit gains in the first quarter, sending the segment to another record high.

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