NBCUniversal ad group formalizes new exec structure; Spotify CEO Daniel Ek on “over-investing”; and more

NBCUniversal Ad Group Formalizes New Exec Structure, Streamlining Efforts Across Broadcast, Sports, Cable & Streaming

NBCUniversal’s advertising and partnerships group has formalized a new executive structure reflecting its recent moves to streamline efforts in broadcast, cable, sports and streaming.?

In a blog post, Linda Yaccarino, chairman of global advertising and partnerships, said the new setup aims to “continue mirroring how our customers use One Platform,” the company’s system for advertisers.?

The changes come as the company is looking to fortify its resources in data, distribution, ad tech, commercial innovation and measurement. NBCU is getting set to host its annual developer conference, One23, next month ahead of NewFronts and upfront presentations in May. While the blog post does not cite any departures from the ranks, some contraction has rippled through the total NBCU workforce in recent months, including in sales, amid an overall downturn in ad spending.?

Read the full story here.?

Related:?Peacock Continues Strategic Shift, Dropping Access To Free Tier For New Subscribers

Spotify CEO Daniel Ek On “Over-Investing”, Corporate Reorg

“In hindsight, I got a little carried away and over-invested relative to the uncertainty I saw in the market,”?Spotify CEO Daniel Ek said after the company reported fourth quarter results. The company had a jump in users but wider losses, revealing figures a week after announcing a reorganization of top management and hundreds of layoffs.

Read the full story here.

Related: Snap Inc. Shares Slide Again After Uneven Q4 Results?

‘Dr. Phil’ Ending After 21 Seasons Amid Syndicated TV Upheaval?

Another daytime TV fixture,?Dr. Phil?McGraw, is leaving after more than two decades as one of television’s most popular talk show hosts. His syndicated daytime show,?Dr. Phil,?will end its run of original episodes with the current 2022-2023 television season, the show’s 21st.

Read the full story here.?

MORE NEWS?

Showtime’s Erin Calhoun Named Head Of Communications For Paramount Streaming; Susan Lundgren To Exit?

Trevor Noah’s Day Zero Productions Hires Chloe Ifshin & Eugene Han As Devon Quinn & Ashley Dizon Exit?

Courtenay Valenti Near To Taking A Top Film Post At MGM/Amazon

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Edited by Thomas Tapp, Dade Hayes, Nancy Tartaglione, and Scott Shilstone.