(WLNS-TV) WLNS-TV donates $5K to Spartan Strong Fund
“The Nexstar Media Charitable Foundation along with WLNS-TV announced Wednesday that $5,000 is going toward the Spartan Strong Fund.” Click here to continue reading.
(Deadline) Despite Carriage Dispute Keeping CBS Stations Off Fubo TV, Nexstar President Tom Carter Expects Bundle Revenue To Keep Flowing: “We Do Not See A Cliff”
“Despite an impasse between Paramount Global and FuboTV, which has kept Nexstar stations off the air for weeks, Nexstar President and COO Tom Carter has a relatively upbeat outlook on pay-TV’s future.” Click here to continue reading Deadline.com.
(Deadline) LIV Golf Launch On CW Was “Very Successful,” New Parent Company President Says, Jabbing Rival PGA For Doing “A Really Nice Job” Keeping Media Partners From Bidding Up Rights
“Tom Carter, president and COO of The CW parent Nexstar Media Group, said the debut of Saudi-backed LIV Golf in late-February was a hit and could help pave the way for more sports coming to the network.” Click here to continue reading Deadline.com.
(Variety) Nexstar Exec on Why Broadcasters Balked at CBS’ Terms for Pact With Sports Streamer FuboTV
“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.
(B&C) Nexstar Has Record Revenue but The CW Losses Help Push Profits Lower
“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.
(B&C) Nexstar Says It Won’t Accept ‘Below-Market’ Rate from FuboTV
“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.
(Variety) Nexstar’s Political Ad Sales Skyrocket in Q4 With Midterms as the CW Network Takes $94 Million Loss
“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.
(Deadline) CW Acquisition Has Already Paid For Itself, Nexstar CEO Perry Sook Says
“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.
(MediaPost) Nexstar’s Q4 Political Advertising Soars, Core Advertising Weak
“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.
(THR) Political Ad Revenue Propels Nexstar in Fourth Quarter, The CW Posts $94M Loss
“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.