“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 […]
“Nexstar Media Group said it appointed former Turner executive Michael Strober as executive VP and chief revenue officer, a new post at the company. Nexstar has been expanding from its base of local TV stations with the CW and NewsNation national networks and digital streaming and mobile businesses. Strober will be responsible for designing and […]
“Nexstar has named Michael Strober chief revenue officer. Per the TV station giant, in this newly created executive vice president role, Strober will be “responsible for leading the reimagination and execution of a new advertising sales and go-to-market strategy” across linear, digital, mobile and streaming platforms.” Click here to continue reading via Variety: https://variety.com/2022/tv/news/nexstar-chief-revenue-officer-michael-strober-1235446228/
“The U.S. broadcast TV could generate as much as $15 billion a year by 2030 from the provision of datacasting services enabled by ATSC 3.0, according to a deck revealed to investors Wednesday by Nexstar Media.” Click here to continue reading via NextTV.com.
“New datacasting revenue from NextGen TV could account for 22% of total local broadcasting revenues by 2030 according to BIA Advisory Services During a recent webinar sharing ATSC 3.0 tests and insights from Korean and the U.S. experts, BIA Advisory Services presented new data estimating that datacasting revenue from NextGen broadcasts could bring in a […]
“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.