“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.
“Confirming persistent reports, Nexstar Media Group’s The CW Network said it reached a deal to televise tournaments staged by Saudi-backed LIV Golf.” Click here to continue reading via Broadcasting & Cable.
“LIV Golf has its long-awaited television partner, a large affiliate network in the United States that has no other sports programming but will offer the controversial league a large platform to show its product.” Click here to continue reading via Sports Illustrated.
“Nexstar Media Group’s NewsNation has landed another former ABC News star for its nightly prime time lineup.” Click here to continue reading via the Los Angeles Times.
“Nexstar has made some high-profile media deals over the past year under the leadership of founder Sook, including acquiring political news site The Hill for $130 million and taking a majority stake in the U.S.’ youngest broadcast network, the CW, from parent companies Paramount Global and Warner Bros. Discovery. Sook’s local broadcasting group has seen […]
“The SmackDown did have a winner: Sports entertainment engine WWE ended the year with a gain of 38%. The runner up — big broadcaster and new CW owner Nexstar, which rose 16%. ” “As for Nexstar, the big broadcaster benefits from scale, including multiple stations in some markets with highly competitive political races; it surpassed […]