By S-3 Public Affairs
FACT OF THE WEEK
The Red Sox-Yankees rivalry extends beyond baseball. TechCrunchreports that Boston is passing New York in venture investments this year. “After years of trailing New York City in total annual venture investment, Massachusetts is taking the lead in 2018. Venture investment in the Boston metro area hit $5.2 billion so far this year, on track to be the highest annual total in years. The Massachusetts numbers year-to-date are about 15 percent higher than the New York City total.That puts Boston’s biotech-heavy venture haul apparently second only to Silicon Valley among domestic locales thus far this year. And for New England VCs, the latest numbers also confirm already well-ingrained opinions about the superior talents of local entrepreneurs.”
The primary driver: biotech. “So far this year, biotech and healthcare have led the New England dealmaking surge, accounting for the majority of invested capital.”
IN THE MEDIA
Nielson’s Total Audience Report breaks down media usage across platforms.
The report finds:
- “Nine out of 10 U.S. adults (18+) use linear platforms in the average week. …
- “Live + time-shifted TV viewing reached 88% of persons in the first quarter of 2018, while radio had the largest reach across platforms at 92%. …
- “Over a third of persons use their internet connected devices(including apps on their smart TVs) during the average week. …
- “Smartphones remain universally popular, reaching four out of five adults while tablets are used by less than half of all adults weekly.”
Forbes adds, “As of Q1 2018, U.S. adults spent on average 11 hours a day watching or listening to radio, television or digital media. Two out of three U.S. households owned devices capable of streaming content to their home TV — a service used for one-tenth of their total television viewing. … 19% of consumers use a smart speaker in their households. By the end of 2018, it is projected that 90 million people will use a smart speaker in the U.S.—a compound annual growth rate of almost 48%. In January, NPR and Edison Research released an additional survey suggesting that 60% of smart-speaker owners play music on their devices when spending time with friends and family, while 71% reported listening to more audio since receiving their device.”
IN THE ADMINISTRATION
The president is in Bedminster, NJ, for the week. The Hill reports, “The Trump administration on Monday is set to re-impose the first batch of Iran sanctions since the U.S. withdrew from the nuclear deal. The more significant tranche of sanctions, including on oil sales, won’t come back into force until November.”
ON THE HILL
The House and Senate are both out this week.
Tuesday (August 7): Ohio 12th Congressional District special election and primaries in Kansas, Michigan, Missouri, and Washington; House Oversight and Government Reform Subcommittee field briefing on wildfire management and response (to be held in Hamilton, MT);
Thursday (August 9): House Transportation and Infrastructure Committeefield hearing on continued oversight of the California high-speed rail project (to be held in Sacramento, CA);
Saturday (August 11): Hawaii primaries.