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CEA Slashes Holiday Sales Forecast

The Consumer Electronics Association has drastically revised its holiday sales prognostications and is now predicting sales growth of only 0.1%—down from its previous estimate of 3.5% growth—compared to the 2007 holiday shopping season. More


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NEWS FROM THE WEB


  • Mago Replacing MacBride At NAB
    Washington—Marsha MacBride, executive vice president of legal and regulatory affairs at the National Association of Broadcasters, is leaving the trade organization and is being replaced by her deputy, Jane Mago, NAB president David Rehr announced today.
  • Dish DC Exec May Be Next To Exit: Sources
    Eric Sahl, Dish Network’s chief programming negotiator, may not be the only executive leaving the company, sources said Thursday. David Goodfriend, who has run Dish Network’s legislative affairs office in Washington, may be exiting to form his own consulting company, according to sources.
  • Updated: Summit Deal Brings ‘Twilight’ to Showtime
    Showtime has inked a deal with Summit Entertainment that secures the rights to up to 42 theatrical releases and gives the network another lynchpin in its effort to rebuild its movie library.
  • AMPTP Details Final Contract Offer to SAG
    The trade group for Hollywood's producers has published the details of its final offer to the Screen Actors Guild in an effort to convince performers that its contract proposal does not justify a "debilitating strike in the middle of a historic national economic crisis."
  • Fox Sports Taps Liverani To Lead Florida RSNs
    Fox Sports Networks has named Steve Liverani, who had been heading its regional sports network in Ohio, to become the senior vice president and general manager of its two services in Florida.
  • Cablevision Opens New Online Store
    Cablevision Systems Corp. has launched a revamped Optimum Store.com, a site providing the operator’s customers with access to information and significant savings on an array of consumer electronics products
  • HGTV Camps Out for Tournament of Roses Parade
    HGTV will provide live coverage of the 120th Tournament of Roses Parade Thursday, Jan. 1 starting at 11 a.m. ET.
  • NBCU to Lop Off 500 Jobs
    NBC Universal could slash as many as 500 jobs across the company, or about 3% of its total workforce, according to an executive with knowledge of the media giant’s plans.
  • TWC Preps 24-Hour News Channel for Western N.Y.
    Time Warner Cable will launch its 11th local news operation when a channel debuts in 2009 to cover Buffalo and the Western New York region.

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Cable Hall of Fame
Six cable industry leaders were inducted into the Cable Hall of Fame last week during a ceremony held in conjunction with The Cable Center’s Cable Days at the Colorado Convention Center in Denver.
History Wraps Up NYC Subway
To promote the third season of its hit series ‘Cities of the Underworld,’ History executed the first-ever full advertising wrap of the exterior and interior of a New York City subway car.
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Discovery Communications executives and several on-air personalities from across Discovery’s networks rang the opening bell at the NASDAQ stock exchange to commemorate the first day of trading as a public company.

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