Cybercrime is the leading concern facing boards of directors, reveals a survey of the Society for Corporate Governance conducted by Deloitte. More than 50% of those surveyed said their audit committees were responsible for handling cyberthreats, and 14% reported having added a cybersecurity professional to their boards in the past 24 months.
Hearst CEO Steven Swartz at the NAB Show discussed the importance of media companies diversifying into adjacent businesses. Swartz pointed to Hearst's own endeavors, noting that 25% of its profits come from the company's software and business information units.
Over 160 ABC affiliates have signed on to join the Disney and ABC Television Group over-the-top Clearinghouse service. The initiative allows stations to opt-in for distribution services through products such as PlayStation Vue, DIRECTV, CenturyLink and YouTube TV.
The debate over radio performance royalty fees continues, with broadcast executives discussing key issues during a recent virtual roundtable. National Association of Broadcasters President and CEO Gordon Smith recently spoke out on the fees debate, saying, "[L]et's not punish free and local radio with a new fee that would threaten the viability of music-playing radio stations."
Emmis Communications CEO Jeff Smulyan and TagStation President Paul Brenner at the NAB Show showcased new features for NextRadio and Dial Report. A NextRadio app for iOS devices without activated FM chips will be made available with all of the features of the Android app, while TagStation has signed on new clients and will release a new version of the Dial Report this summer.
Executives at this year's NAB Show say that raw numbers and forecasts are just a few of the signs that mass adoption of UHD is around the corner. However, challenges still remain, and UHD devices, content and distributors must work together to make more UHD content available to consumers.
Sling TV has introduced a new cloud DVR option that allows current subscribers to stream its services on Apple TV. The add-on costs an additional $5 per month and also gives subs access to cloud DVR recordings as long as they remain customers.