Weeknight Program “On Balance with Leland Vittert” to Move Broadcast to Washington, D.C. CHICAGO – March 6, 2023 – NewsNation, a Nexstar Media Group, Inc. property and the nation’s fastest growing cable news network, today announced the launch of “The Hill,” a new hour-long weekday political ensemble program debuting Monday, April 24th at 5 PM […]
Inaugural Event Generated Double Digit Ratings Increases in Top U.S. Markets and Increased CW Primetime Ratings by +24% Downloads of The CW App Jumped +40% Month to Month Prior to Launch of LIV Golf 2023 LIV Golf League Continues on March 17-19 From The Gallery Golf Club in Tucson, Arizona March 3, 2023 (Burbank, CA) […]
Johanna Maska, Jesse Weber, Jennifer Coffindaffer, Colby Hall and Chris Hahn Among Several Notable Experts Added, Joining Political Editor Chris Stirewalt and Senior Political Contributor George Will NewsNation Live Adds Third Hour Beginning March 6th at 10am ET / 9am CT New York, NY (March 2, 2023) – NewsNation, America’s fastest growing cable news network, […]
“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.
Q4 Consolidated Net Revenue Drives Operating Income of $294.0 Million, Net Income of $178.1 Million, Consolidated Adjusted EBITDA of $598.2 Million and Attributable Free Cash Flow of $422.1 Million Excluding The CW Network, LLC Q4 Adjusted EBITDA of $661.8 Million and Free Cash Flow of $458.1 Million All-Time High Quarterly and Full Year Return of […]