Savannah Sellers, Gadi Schwartz |
The show’s debut came after NBCUniversal invested $500 million in Snap, the parent company of Snapchat, as part of its initial public offering in March.
“Stay Tuned,” the first daily news program on Snapchat, is co-hosted by Savannah Sellers and Gadi Schwartz. It features two episodes a day during the week and one each day on weekends, plus breaking news updates. According to Snapchat, more than 40% of viewers tune in at least three days a week.
As NBC News — along with other TV news outlets — struggles to find a younger audience, it’s significant that more than 60% of the “Stay Tuned” audience is under the age of 25, according to Snapchat.
Each episode is 2-3 minutes in length, with four to five segments per show, covering national and international news, politics, pop culture and other topics. NBC News said Schwartz will provide a “Stay Tuned” report on Monday, Aug. 21, from Casper, Wyo. — a city that’s in the path of total solar eclipse.
Snap has struggled since its IPO, with its first two quarterly reports missing Wall Street expectations on both earnings and users growth. Snapchat averaged 173 million daily active users in Q2, up 4% from 166 million during Q1. Snap’s stock has tumbled about 50% from its post-IPO high, as investors fretted about valuation and Snapchat’s growth trajectory.
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