“The U.S. broadcast TV could generate as much as $15 billion a year by 2030 from the provision of datacasting services enabled by ATSC 3.0, according to a deck revealed to investors Wednesday by Nexstar Media.” Click here to continue reading via NextTV.com.
“New datacasting revenue from NextGen TV could account for 22% of total local broadcasting revenues by 2030 according to BIA Advisory Services During a recent webinar sharing ATSC 3.0 tests and insights from Korean and the U.S. experts, BIA Advisory Services presented new data estimating that datacasting revenue from NextGen broadcasts could bring in a […]
“Boosted by big political ad spending, Nexstar Media Group reported higher third-quarter profits on record net revenue.” Click here to continue reading via Broadcasting & Cable.
“New CW network owner Nexstar reported its third-quarter 2022 earnings Tuesday before the bell, revealing TV ad sales were up more than 18% year over year overall, while revenue from political TV advertising, specifically, jumped 942.7% from Q3 of 2022.” Click here to continue reading via Variety.
“Nexstar grew revenue 9.7% for the September quarter to $1.29 billion for the three months ended in September, as the new CW owner cited growth in political advertising, distribution and digital revenue.” Click here to continue reading via Deadline.
“Nexstar Media Group reiterated its guidance of making The CW profitable by 2025, which it said will require a “low nine figure” investment over that time period.” Click here to continue reading via The Hollywood Reporter.
“Not among C-SPAN’s dozens of debate streams and cablecasts over the past few weeks, though not for lack of trying, were arguably the highest-profile political debates in the land: Those between Sen. Raphael Warnock (D-Ga.) and Republican challenger Herschel Walker and between Republican U.S. Senate candidate Dr. Mehmet Oz and Democratic Pennsylvania Lt. Gov. John […]
“Nexstar Media Group is making a leadership change after completing its acquisition of the CW Network.” Click here to continue reading: https://www.latimes.com/entertainment-arts/business/story/2022-10-03/cw-nexstar-news
“Nexstar Media Group completed its acquisition of 75% of the CW Network and named Dennis Miller as president of the CW, replacing Mark Pedowitz as head of the network.” Click here to continue reading: https://www.nexttv.com/news/nexstar-name-dennis-miller-head-of-cw-replacing-mark-pedowitz
“Nexstar Media Group has formally closed a deal to acquire 75% of the CW broadcast network. Mark Pedowitz, the longtime CEO of the network and its face to the industry for the past 11 years, is stepping down after a brief transition period.” Click here to continue reading: https://deadline.com/2022/10/nexstar-closes-deal-for-control-of-the-cw-mark-pedowitz-exits-top-job-1235133428/