Morning Media Newsfeed: FNC Wins Election Night | CBS Launches Digital News Service

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Midterm Election TV Ratings: Fox News Tops Broadcast Nets, Beats Cablers Combined (TVNewser)
Fox News Channel was the most-watched network — on broadcast and on cable — during coverage of the midterm elections. Fox News beat CNN and MSNBC in both total viewers and the adults 25-54 demo, combined during primetime hours. Capital New York FNC, CNN and MSNBC were all down compared to the 2010 midterm elections, and CNN and MSNBC were also down compared to the 2006 midterms, which saw President Bush in his sixth year in office see the Democratic party take control in Congress. All told, an average of just over 10 million people watched the three cable news channels Tuesday night, with an average of nearly 13 million watching on broadcast TV. THR / The Live Feed Fox News Channel boasted a whopping average of 6.3 million viewers for all of primetime. Compared to the last four Tuesdays, FNC’s 1.516 million viewers in the core news demo of adults 25-54 was improved by 303 percent. CNN, which has been solidly in second place for the last six months, was up by 480 percent to 812,000. That left MSNBC in third. Coming off of a middling October, the net still surged 315 percent — albeit only netting 481,000 demo viewers. TVNewser In addition to online coverage, each of the Big 3 broadcast networks produced one-hour primetime midterm election specials at 10 p.m. According to Nielsen overnight time period data, CBS was the clear winner at 10 p.m., averaging 5.367 million viewers to NBC’s 4.270 million and ABC’s 3.507 million. AllFacebook On Election Day, 27 million U.S. Facebook users generated 85 million interactions — likes, shares and comments — including those who used the social network’s “I’m a Voter” feature.

CBS to Launch Digital News Channel Thursday (Re/code)
CBS plans to launch its new digital news channel Thursday, an effort to get the broadcast network into 24-hour news. CBS Interactive head Jim Lanzone confirmed the company’s plans for the news video site during an onstage interview at the Web Summit in Dublin, Ireland. TVNewser The streaming news network, called CBSN, will originate from CBS News HQ in New York. Jeff Glor, anchor of the Sunday edition of CBS Evening News, and CBS News correspondents Elaine Quijano and Michelle Miller, are among the CBS Newsers expected to contribute. Deadline Hollywood CBS CEO Les Moonves announced the CBSN service in his quarterly call with analysts and referenced several other digital initiatives, including an alliance with Sony’s planned online service and a possible direct-to-consumer offering from Showtime in 2015. The network joins its corporate cousin Viacom in agreeing to provide programming for Sony. Mashable Showtime, which is owned by CBS, is a rival to Time Warner’s HBO, which will also begin to offer some form of an online subscription service in 2015. Moonves has not been shy about pushing his company into the online business. CBS had already announced that it will begin to offer a comprehensive Internet-based service that will include live TV as well as archived on-demand video of CBS shows.

Time Warner Boosts Forecast After Beating Estimates (New York Post / Reuters)
Time Warner reported better-than-expected quarterly revenue and profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and HBO businesses. Shares of the company, which also raised its adjusted profit growth forecast for 2014, were up 3.4 percent at $77.50 in morning trading on Wednesday. Capital New York Time Warner’s overall revenues were up 3 percent, while operating income decreased 38 percent, largely due to programming and restructuring costs. Time Warner said it expected to have more than $400 million in severance and restructuring costs, but executives added that it expected to save $450 million as a result of the cost-cutting. The company is also taking a write-off of nearly $500 million on programming it is abandoning, though because some of the shows were licensed from Warner Bros. the actual cost was closer to $340 million. THR Time Warner also raised its full-year earnings outlook, now forecasting high teen percentage growth, up from the low teen gains predicted previously. The earnings report was the company’s first since a well-received investor day last month, during which Bewkes said the conglomerate has “more than sufficient scale” and the company would double its earnings over the coming years. NYT During last month’s conference, the company’s marquee cable network, HBO, announced that it would begin offering an Internet streaming service next year that would not require a subscription to a traditional television cable package. The opportunity could be significant. The company has said that there are 80 million homes in the U.S. without HBO. For the quarter, HBO’s revenue grew 10 percent, to $1.3 billion.