Evening Headlines — 7/25/13

Oprah Returning to Letterman Show
Oprah Winfrey is returning to the "Late Show With David Letterman" for the first time in nearly eight years. She will be making only her second appearance on the show since Dec. 1, 2005. Winfrey and Letterman have both made light over the years of supposed tension between them, which wasn't apparent in Winfrey's previous appearance. [THEWRAP]

Pai: ‘Very productive discussions’ on AM radio
Using one of radio’s first stations as a backdrop, FCC commissioner Ajit Pai yesterday took his AM revival mission to a meeting with Pittsburgh broadcasters.  He told a gathering of about three dozen broadcasters that since announcing his effort 10 months ago, he’s heard a lot of great ideas from radio — and now there’s growing interest inside the FCC as well. [INSIDE RADIO]

It’s that time again: Summer’s finales
It’s not yet August, but the summer TV season is starting to wind down. Tonight at 8 p.m. “Hell’s Kitchen” airs its two-hour final on Fox, the first finale for a hit summer reality series. [MEDIA LIFE]

CNN's Jeff Zucker trades analog dollars for digital quarters
Jeff Zucker, the former NBC executive and now president of CNN, coined the phrase "trading analog dollars for digital pennies" five years ago. It represented the challenge faced by companies built around content distribution and advertising; the revenues generated from accelerating Internet usage, especially mobile, has been far less lucrative than analog and has brought added financial stress. Nearly a year later he modified his statement to "trading analog dollars for digital dimes." [CNET]

Meredith Delivers Over 15 Percent Growth In Fiscal 2013 Earnings Per Share
Meredith Corporation, which owns Nashville NBC affiliate WSMV, today reported fiscal 2013 earnings per share grew 19 percent to $2.74.  Excluding special items, fiscal 2013 earnings per share increased 16 percent to $2.91.  Total revenues rose 7 percent to $1.5 billion, and advertising revenues increased 7 percent to $824 million. [PRESS RELEASE]

Jason Sudeikis Leaving 'SNL' Cast
After eight years on the air at "Saturday Night Live," Jason Sudeikis says he's calling it quits. Sudeikis used another late-night institution to make his announcement, telling David Letterman in the taping of Wednesday's show that he's leaving NBC's weekend program. [AP / TVNEWSCHECK]

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