CNBC announced today its New Year’s Day marathon of off-net Shark Tank repeats drew its largest average audience in the news demo in six years — something you’d think CNBC would scarcely admit unless it knew it could be provided against it. And yet, there CNBC was, boasting its New Year’s Day marathon had drawn more than 4.2 million unique viewers, averaging more than 540,000 total viewers and 240,000 adults 25-54 from 8PM-2AM ET. During its peak hours, CNBC said with pride, it averaged nearly 700,000 total viewers and 300,000 adults 25-54, ranking No. 1 during the 10 PM hour among all cable news networks in 18-49, 25-54 and 35-64 demos. The 10 PM telecast was CNBC’s most-watched program in three years, while the 9 PM telecast was CNBC’s highest-rated among adults 25-54 in three years, the network bragged. Read More »
A Texas federal jury took less than four hours to reject the SEC‘s claim that the sports and media entrepreneur, and star of ABC’s Shark Tank, had engaged in insider trading in 2004 when he sold his stock in Canadian search engine Mamma.com. “The SEC regulates through litigation, and that’s its own problem,” Dallas Mavericks owner and investor Mark Cuban said at a news conference after the decision was announced. “This is a horrific example of how the government does work.” The government said that Cuban broke the law — and saved himself $750,000 in potential losses — when he made the sale after Mamma.com CEO Guy Faure told him that he planned to dilute the public shares with a private stock offering. The SEC said Cuban had promised to keep the information secret; the exec said he made no such vow. Jurors had to sort through that question, and whether — if Cuban had made a promise — it also meant that he couldn’t sell his stock. The trial started September 30, just 10 days after Shark Tank returned for a fifth season. The decision today to side with the billionaire who controls cable network AXS TV, Landmark Theatres, Magnolia Pictures, and the the NBA team is a setback for SEC Chair Mary Jo White’s effort to show that her agency can effectively attack white-collar crime. Read More »
CNBC has licensed off-network cable rights to ABC’s primetime series Shark Tank. CNBC will begin telecasting the reality series repeats in January of ’14 with an expanded schedule in fall of ’14. Also under the deal, CNBC will add a selection of Shark Tank episodes to its TV Everywhere campaign, including on demand via TV, online and mobile to authenticated subscribers. “The ‘Sharks’ are self-made mega successes and the contestants seek their money and counsel as they plot their own paths to the American dream,” Mark Hoffman, President and CEO of CNBC, said in today’s announcement. “That practical knowledge and aspirational theme is pitch perfect for CNBC at night.” Now in its fifth season on ABC, the series dominates its Friday competition in all key demos and is consistently No. 1-ranked in its time period in the 18-49 and 25-54 demos. On its fifth season premiere, this past September 20, Shark Tank opened as the night’s No. 1 show, with the series’ most-watched season premiere ever, and was up double-digits in all key demos.
For one side or the other, it looks like a Shark is going to take the stand in his own insider trading trial this fall. Both Shark Tank judge Mark Cuban’s lawyers and attorneys for the U.S. Securities and Exchange Commission late last week named the entrepreneurial reality series judge as a witness in the upcoming trial. The trial is set to start on September 30 in Texas, 10 days after Season 5 of Shark Tank debuts. Cuban was one of six “will call” individuals named by the SEC (read it here). After naming seven certain witnesses, the Dallas Mavericks and AXS TV chairman’s lawyers said “Mr. Cuban may call the following witnesses if the need arises” including himself in the list of eight (read it here). The federal court trial emerges out of the federal government’s contention that on June 29, 2004 Cuban avoided more than $750,000 in losses by selling 600,000 shares in search engine Mamma.com Inc. The sale allegedly came the day after the CEO of the Canadian-based company confidentially told Cuban that a planned public equity offering on June 29 would dramatically dilute the worth of his stock. Cuban made the sale before the announcement and the nearly 10% drop in the company’s share price. The billionaire denied the charges, saying it was all above board and public.
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Netflix‘s House of Cards – the prettiest dress in the TV store these days – got shut out of the TCA Awards tonight. It had been up for Outstanding New Program and Program of the Year, but those wins went instead to FX‘s The Americans and AMC‘s Breaking Bad, respectively. (Scroll down for the full winners list.)
“Three nights ago we were in New York, and had this New York premiere and we had the pleasure of seeing Warren Buffet shake hands and have his picture taken with Keith Richards and that was fucking awesome,” said Breaking Bad creator Vince Gilligan, picking up his show’s trophy for Program of the Year. He said he remembered at the time thinking, “‘How the heck did it come to this?’ I’ll tell you how it came to this – folks like you guys. A great many of you who, back in season one when our official number was 117 viewers – folks like you guys spread the word about Breaking Bad.”
“Boy this is awfully nice… it is,” said Individual Achievement in Comedy winner Louis C.K., eyeing the trophy and noting if he ever opens a diner he can put the list of cocktail specials on it. “No, it’s beautiful. It’s literally a plastic … Read More »