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BROADCAST/CABLE

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BROADCAST/CABLE

Barry Diller’s IAC/InterActive today officially will spin off four of its main properties as free-standing, public companies. The move — which affects IAC assets such as cable shopping network HSN and Ticketmaster — is intended to show investors, who have seen share prices drop 51% in the last five years, that the streamlined organization can run more efficiently and profitably. The Wall Street Journal (8/21)

Since 2004, the last time there was a presidential election and an Olympics, the average viewer watched 14.5 hours of TV on cable per week and 8.3 hours of broadcast. Now, according to Turner Broadcasting System Chief Research Officer Jack Wakshlag, that same average viewer is sitting down to 15.7 hours of cable per week and 6.8 hours of broadcast. Broadcasting & Cable (8/20) , The Hollywood Reporter (8/20)

NBC Universal, home to cable networks such as USA and Oxygen, announced a $56 million acquisition of Carnival Film & Television, a company based in the U.K. The deal, according to this article, gives NBCU a production presence in the U.K., where filming is cheaper than many U.S. locations, and a step up on its goal to double nondomestic revenue by 2010. Reuters (8/21)

Nickelodeon, whose Kids Pick the President vote, has been on the money in four of the last five presidential elections, is getting ready for a raft of political programming this summer and fall. The action kicks off Sunday night with “Tales From the Trail,” a half-hour special with host Linda Ellerbee that will focus on kids who actively support Sen. Barack Obama or Sen. John McCain. Broadcasting & Cable (8/20)

Lifetime has ordered six episodes of a documentary series about young socialites in Washington who mix and mingle in the Beltway fundraiser scene. The series, titled “Blonde Charity Mafia,” begins production next month. Variety (8/20)

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