Weekly Recap: Pink's Bottom Line on Media, Money and Sports
Here's a recap of some of the top takeaways from the week.
Here are some key takeaways from the newsletter from the past week.
MEDIA
Traditional media, like AM/FM radio and newspapers, have been struggling for many years as a wave of new digital media options have emerged. The negative impact from the coronavirus has only accelerated this trend.
Results from a new study from Vevo, a service that hosts and distributes music videos, do not bode well for linear tv. Linear tv was the least likely way — by far — for viewers to consume video, according to this study.
The pandemic upended the traditional pilot season at the broadcast networks, and as a result, we’re seeing some unlikely programming making its way into this fall’s primetime lineup. Let’s see what it means, if anything, for ratings.
MONEY
The housing market is showing strong signs of growth, particularly on the sales front. That’s very encouraging. However, more homeowners appear to be struggling to make mortgage payments. That’s not so encouraging.
If you’re in the market for used cars, you might be surprised at the low inventory and high prices. Auto information and research company Edmunds says the average used car listing increased in price by $708 or 3.4% to $21,558 in July compared to June. Here’s what it means.
As the economy struggles to recover from the pandemic, any Federal Reserve hike in interest rates could deter an economic recovery. It does look like the Fed is willing to keep interest rates low for the foreseeable future, even with lower unemployment, in order to keep any nascent recovery from sputtering.
SPORTS
When we look back in ten to 15 years, the performance of the Dallas Mavericks Luka Doncic in game four of his team’s NBA playoff series against the Los Angeles Clippers will stand out as one of the key early moments in what’s sure to be a Hall of Fame career for him.
Had Indianapolis Colts quarterback Andrew Luck not retired last year and stayed in the NFL, I believe he would have posted historic numbers in his career and he would have had a chance to play in multiple Super Bowls. It’s our bad luck that we won’t get to see that.
NBA players are displaying tremendous leadership on the issue of racial injustice, and are sending a powerful message to the country that such injustice won’t be tolerated. NBA players are becoming some of the most important agents of change in US society today.
Jeremy Pink is former CEO of Broadcast Sports International and a former CNBC executive in New York, London and Singapore. He currently serves as an advisor to companies in media, sports and financial tech.
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