“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.
KITV, KGMB, KHON-TV, KHNL, KHII and KIKU Begin Broadcasting with New Technology Honolulu, HI – November 8, 2022 – The leading television stations serving the Honolulu market have begun broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. The launch includes KITV (ABC), KGMB (CBS), KHON-TV (Fox), KHNL (NBC), KHII (MyNet) and KIKU (Independent). […]
Net Revenue Drives Record Q3 Operating Income of $355.3 Million, Net Income of $287.5 Million, Adjusted EBITDA of $488.8 Million and Free Cash Flow of $293.6 Million All-Time High Third Quarter and Nine Month Return of Capital to Shareholders of $250.1 Million and $729.6 Million, Respectively IRVING, Texas – November 8, 2022 – Nexstar Media […]
“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 […]
Entertainment Industry Leader will Oversee Programming, Creative Development and Operations BURBANK, CA (November 2, 2022)—The CW Network, LLC (“The CW” “The CW Network”) today announced that television executive Brad Schwartz has been named President, CW Entertainment, responsible for programming strategy, creative and brand development, and day-to-day operations of The CW Network, America’s fifth national television […]
Leading Entertainment Communications Professional Will Oversee Internal and External Communications Paul Hewitt to Exit After 22 Years with The CW BURBANK, CA (Nov. 1, 2022)—The CW Network LLC today named Beth Feldman as Senior Vice President of Network Communication, overseeing internal and external communication and program publicity. She will begin her new duties immediately and […]
Chris Cuomo and Leland Vittert will lead Election Night Coverage along with commentary and analysis by George Will, Chris Stirewalt and a team of political professionals across the country America’s Fastest Growing Cable News Network to Partner with Decision Desk HQ to call Races in Real Time Throughout the Evening CHICAGO (November 1, 2022) – […]