“Nexstar is still dark on internet streamer FuboTV; on Tuesday, the TV station group giant’s president and chief operating officer explained why.” Click here to continue reading Variety.com.
“Nexstar Media Group reported record fourth quarter revenue, but net income fell, including a a loss recorded by the recently acquired The CW Network.” Click here to continue reading via Broadcasting & Cable.
“Giant broadcaster Nexstar Media Group weighed in on the fight CBS affiliates are having with FuboTV, saying it won’t accept below market rates from the streaming distributor.” Click here to continue reading via Broadcasting & Cable.
“Nexstar reported its fourth-quarter 2022 earnings Tuesday, revealing its core ad sales fell 3.3% from Oct. 1-Dec. 31, the quarter following the finalization of its purchase of 75% of the CW Network, but political ad revenue was up 1,306.9% due to the 2022 midterm elections.” Click here to continue reading via Variety.
“Nexstar CEO Perry Sook said the company’s acquisition of the CW has already paid for itself in terms of adding muscle to the company’s distribution negotiations.” Click here to continue reading via Deadline.
“Amidst overall soaring political ad revenue, Nexstar Media Group’s core advertising suffered in the fourth quarter due to softness in the national TV market as well displacement of political advertising in the period.” Click here to continue reading via MediaPost.
“Local TV giant Nexstar reported a blockbuster fourth quarter, driven mostly by explosive growth in political advertising. That is especially clear when looking at the company’s core advertising revenue (which does not include political), which was down slightly year-over-year, consistent with the rest of the industry.” Click here to continue reading via The Hollywood Reporter.
“LIV Golf, at last, has a television deal in the United States. “The new circuit, bankrolled by Saudi Arabia’s sovereign wealth fund and the catalyst for a year of turmoil in men’s professional golf, said Thursday that its 54-hole, no-cut tournaments would air on the CW Network and its app beginning next month.” Click here […]
“LIV Golf, the controversial Saudi-funded golf tour that launched last year and has signed stars such as Phil Mickelson and Dustin Johnson, finally has a television home in the United States.” Click here to continue reading via the Wall Street Journal.
“The CW has reached a multiyear agreement for the TV rights to LIV Golf events, a deal that will raise the U.S. profile of the controversial Saudi-backed league.” Click here to continue reading via the Los Angeles Times.