Fox, NBC O&Os Pool Resources as Marketplace Withers

Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!

In an unprecedented arrangement between two owned-and-operated TV groups, Fox Television Stations and NBC Local Media have turned to the established practice of pooling some of their newsgathering operations to cope with the new economic reality of their business. Beginning with Philadelphia in January and rolling out to five markets where both own stations (New York, Los Angeles, Chicago, Dallas and Washington), the groups will form a local news service (LNS) to gather and distribute general-market video coverage to participating media outlets, including competing TV stations, print, radio and digital media.

The LNS formalizes a successful trial that Fox’s WTXF and NBC’s WCAU have been conducting since the summer.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in