April 23, 2024

Fusion Announces Premiere Date and Prime-Time Schedule

Fusion, the forthcoming cable channel that is a joint venture of ABC News and Univision, now has a premiere date — Oct. 28 — and a prime-time schedule.

Five hours of evening programs were announced on Thursday, highlighted by “America with Jorge Ramos,” an 8 p.m. news program hosted by Mr. Ramos, a veteran of Univision. The prime-time schedule will also include a sports comedy talk show and a news satire developed by a former producer of “The Daily Show.”

The joint venture to create a next-generation cable news and lifestyle channel for bilingual Latinos was announced in mid-2012. Back then the partners had hoped to start the channel by early this year; later they aimed for the late summertime. The Oct. 28 premiere is the first specific date they have publicized.

The news release that included the date also indicated that Fusion’s intended audience had broadened a bit. Previously, the marketing language for Fusion has focused only on Latinos; now the channel is calling itself “a news, information and lifestyle network for Latinos and millennials,” suggesting that it wants to reach a young audience regardless of race or ethnicity.

Fusion’s prime-time schedule reads a lot like a cable news channel programmed for the kind of young audience that mostly eschews existing cable news shows.

At 6 p.m. Eastern, Derrick N. Ashong will host an hour-long interactive show called “D.N.A.” about what Fusion called “a wide variety of socially relevant issues.” At 7 p.m., Alicia Menendez, a former host of HuffPost Live, will have “a fresh take on stories at the intersection of sex, money and politics.”

Mr. Ramos’s flagship program at 8 p.m. will be followed by two half-hour programs. The 9 p.m. slot will be filled with “Sports Bar,” a show with sports talk, comedy sketches and audience interaction. The 9:30 p.m. program, as yet untitled, will be produced by David Javerbaum, who was an executive producer of “The Daily Show” from 2006 and 2012. Fusion said the program would be a news satire show, suggesting similarities to “The Daily Show.”

Rounding out the schedule at 10 p.m. will be “Open Source with Leon Krauze,” a talk show hosted by Mr. Krauze, who anchors the evening news for KMEX in Los Angeles.

“We believe our programs — visually compelling, creatively produced and laced with humor and irreverence — will resonate with Latinos and non-Latinos alike,” said Beau Ferrari, the acting president of Fusion, in a news release. “Fusion’s unique combination of news, satire and original series is a completely new offering for the most exciting and fastest-growing group of young people in the country.”

What Fusion still needs are more distributor deals. Several television distributors, including Cablevision, Charter, Cox and Verizon FiOS, have agreed to carry the channel, but the four biggest distributors in the country, Comcast, DirecTV, Dish Network and Time Warner Cable, have not.

The Walt Disney Company, which owns ABC News and is handling distribution negotiations, has three more months to secure broader carriage.

Fusion is one of several new entrants to the fiercely competitive cable marketplace. Pivot, a channel for the millennial generation owned by Participant Media, came on television Thursday morning. Al Jazeera America, a domestic version of the international Al Jazeera news brand, will have its debut on Aug. 20.

Article source: http://www.nytimes.com/2013/08/02/business/media/fusion-announces-premiere-date-and-prime-time-schedule.html?partner=rss&emc=rss

Bucks Blog: Foreclosure Crisis Isn’t Even Halfway Over, Analysis Finds

Click to enlarge.Click to enlarge.

A new analysis suggests that the tide of home foreclosures isn’t going to recede soon.

The report from the Center for Responsible Lending, “Lost Ground, 2011,” finds that at least 2.7 million mortgages loaned from 2004 through 2008, or about 6 percent, have ended in foreclosure and that nearly 4 million more home loans (roughly 8 percent) from the same period remain at serious risk.

Put another way, “The nation is not even halfway through the foreclosure crisis,” says the report, which analyzed 27 million mortgages made over the five years.

While most of those who have lost their homes are white, the report found, African-American and Latino borrowers have been disproportionately affected. Roughly a fourth of all those borrowers have lost their home to foreclosure or are seriously delinquent, compared with just under 12 percent for white borrowers.

And across the country, low- and moderate-income neighborhoods and neighborhoods with high concentrations of minorities have been hit especially hard, the report found.

The Center for Responsible Lending is a nonprofit group that works to eliminate abusive financial practices.

Its report also noted that certain types of loans have much higher rates of completed foreclosures and serious delinquencies. They include loans originated by brokers; hybrid adjustable-rate mortgages, option ARMs, loans with prepayment penalties and loans with high interest rates (subprime). African Americans and Latinos were more likely to receive a high-cost mortgage with risky features, regardless of their credit. For example, among borrowers with good credit (a FICO score of over 660), African-Americans and Latinos received a high-interest-rate loan more than three times as often as white borrowers.

Accompanying the report is an online map showing foreclosures and delinquencies by state.

Are you at risk for foreclosure? How has your neighborhood been affected by the crisis?

Article source: http://feeds.nytimes.com/click.phdo?i=9c9eeced7b2b02c7a84403b6c3404f4a

Casino Town Puts Its Money on Hispanic Market

But as the economy took a dive, this desert spot suffered the same economic woes as its larger, flashier neighbor. And the troubles were exacerbated by the proliferation of Indian casinos in California, which offered much of the same attractions as any town in Nevada. The company that ran the trio of casinos here declared bankruptcy in 2009.

Now Primm Valley Casino Resorts is betting that aggressively courting Latinos in Southern California will help lead to success.

They have blackjack games with bilingual dealers and rules printed in Spanish on the tables, the first casinos in the state to do so. Last year, they began a series of concerts featuring popular Spanish-speaking musicians, which fill the arena to capacity nearly every time. On those weekends, the casino floor of Buffalo Bill’s buzzes with an energy that executives say rivals New Year’s Eve.

“People have always said things like, ‘That demographic doesn’t gamble,’ ” said Jay Thiel, the vice president of casino operations, who has worked in the industry for more than 30 years. “But we looked around one day and realized that that’s who was here. We had no idea how wrong that idea was.”

If any Latino organizations see a downside to this, they have not spoken out. Many Latino leaders say they are delighted with the attention to Hispanic consumers and have not expressed fears about introducing gambling into their lives.

Mary Cuadrado, an associate professor of criminal justice at University of Texas at El Paso who has studied Latinos’ seeking treatment for gambling addiction, said, “The issue is not that people are going to become suddenly addicted, but there is evidence that Latinos are less likely to look for treatment if they do have a problem.”

 Stuart Richey, the assistant general manager and vice president for marketing at Primm Valley, said that while it had marketed to other niche demographics, like country music fans and retirees, “no other group has inspired this much change in the way we do business. The impact is really just staggering.” 

When Espinoza Paz, a Mexican pop singer and composer, played to a nearly sellout crowd last weekend, every one of the resort’s 2,600 rooms was booked. 

“People in Vegas would kill for those numbers,” Mr. Richey said. 

The ways that the hotel has shifted to cater to that market can be spotted everywhere — there are countless signs in Spanish: “Juegue blackjack en su idioma,” one announces — “Play blackjack in your language.” Another wishes diners “buen provecho.” Managers are trying to find more dealers who speak Spanish, so they can teach those more comfortable with slots how to put down at least $5 a hand at a card table. The casino bar band has conga drums and roaming cocktail waitresses offering shots of top-shelf tequilas. 

“It feels comfortable here, like we’re welcome and we belong,” said Pascual Campos, 45, who came from Palmdale, Calif., with his mother, his cousin, his wife and their two children. “I don’t pay for rooms, I don’t pay for meals, I don’t pay for concerts. I just pay to play 21. They treat me like a king for that. Of course I want to come back.”

Many of the guests coming in for the weekend were something of regulars. Like its counterparts in Las Vegas, the hotel tries to cultivate a kind of loyalty among gamblers by offering free meals, rooms and other perks to those who spend the most money. Here, someone who spends $1,000 in a weekend is seen as a high roller. In Las Vegas, that kind of spending would not even catch a pit boss’s eye. Clearly, one of the main goals of the marketing is getting people through the casino doors who might not otherwise be there, or at least not as often.

While the casino has put considerable effort into the Spanish-speaking tables, the slots are the game of choice here. There are scores of penny slots. “You don’t need to spend a lot of money to win,” said Lourdes Peña, 26, sounding like a commercial for the casino as she instructed her friend Maria Ramirez, 24 and a gambling rookie, to stick with two slot machines at a time.

But there are times when gambling can feel beside the point. Children run freely through a video arcade, the line for the buffet stretches 100 people back and the area around the bar becomes an impromptu dance floor. Nobody seems to mind.

The moments before the concert began looked like something like a multigenerational fashion show — little girls in sparkling lacy dresses, women in figure-flaunting dresses and stilettos, men in rhinestone-encrusted belts and pointy snakeskin boots (the same kind Espinoza Paz favors). The elderly women using canes and wheelchairs donned perfectly pressed pantsuits.

The crowd screamed out the lyrics along with the singer, and he was soon taking dozens of adoring fans onstage. A couple of especially eager women tossed their undergarments to him, prompting the singer to invite them onstage and croon a few bars to them. There were more than a few infants in the arms of their mothers, who eagerly danced to the band, which included a robust horn section.

The first time the casino executives saw this kind of crowd last fall, they were taken aback. That concert, which featured the Mexican country singer Ramon Ayala, has taken on almost legendary status among the executives. None of them had even heard of the accordion-wielding singer, but the show drew a sellout crowd. More than three quarters of the casino’s slot machines were occupied — more than double a usual “good night,” Mr. Richey said.

As the show ended Saturday night, dozens of fans stayed inside the arena to pose for pictures with the performer, who was happy to oblige. But the bigger crowd was already back in the casino. Within a few minutes, the slot machines that had sat unoccupied for the last couple of hours were all filled. The visitors, now lubricated with a few more shots of tequila, were eagerly feeding the slots.

Article source: http://feeds.nytimes.com/click.phdo?i=e5416a8e8e90cd7bc0be5280e28c79c6