“Nexstar Media Group announced today that it entered into a definitive agreement to acquire a 75% ownership interest in The CW Network. Warner Bros. Discovery and Paramount Global, the current co-owners of The CW, will each retain a 12.5% ownership interest in The CW and will continue to produce original, scripted content for the network.” […]
“Confirming months of speculation about The CW‘s future, local-TV giant Nexstar Media Group announced Monday that it will acquire a 75 percent ownership stake in the broadcast network.” Click here to continue reading via TVLine: https://tvline.com/2022/08/15/nexstar-buying-the-cw-new-owner-acquisition-deal/
“Nexstar on Monday announced a deal to acquire a majority stake in the CW from ViacomCBS and Warner Bros. Discovery, after months of anticipation following leaks about an arrangement.” Click here to continue reading via Axios: https://www.axios.com/2022/08/15/nexstar-acquire-75-of-the-cw
“Nexstar Media Group, Inc. announced Monday that’s it has agreements to acquire 75% ownership interest of The CW from Warner Bros. Discovery and Paramount Global are underway. The previous co-owners will retain 12.5% ownership each and continue producing original scripted programming for the broadcaster.” Click here to continue reading via The Wrap: Nexstar to Acquire […]
Nexstar will host a conference call and webcast on Monday, August 15, at 10:00AM ET to review The CW Network transaction.
Nexstar Media Group (Nasdaq: NXST) has entered into a definitive agreement to acquire a 75 percent ownership interest in The CW Network. Warner Bros. Discovery (Nasdaq: WBD) and Paramount Global (Nasdaq: PARA, PARAA), the current co-owners of The CW, will each retain a 12.5 percent ownership interest in The CW.
The Hill brings its trusted, credible, and non-partisan political coverage to the growing OTT marketplace Washington, D.C. – August 10, 2022: The Hill, America’s premier source for political and policy news, has launched a streaming channel, marking its first foray into OTT (Over The Top). The Hill is part of Nexstar Digital, the digital business of […]
Net Revenue Drives Record Q2 Operating Income of $333.4 Million, Net Income of $226.5 Million, Adjusted EBITDA of $486.3 Million and Free Cash Flow of $219.0 Million All-Time High Quarterly and Six Month Return of Capital to Shareholders of $284.3 Million and $479.5 Million, Respectively IRVING, Texas – August 4, 2022 – Nexstar Media Group, […]
EVANSTON, Ill. — For 100 years, WGN Radio has been a source of all-talk programming that has connected Chicagoland — and well beyond, thanks to the impressive broadcast range of the 50,000-watt station at 720 AM. Its lineup of memorable hosts, long-running cultural programming and avid local sports coverage has enshrined WGN Radio as a […]
Nexstar Media Group, Inc. announced that its Board of Directors has extended the employment agreement of Chief Executive Officer, Perry A. Sook, through March 31, 2026. In addition to his responsibilities as Chief Executive Officer, Mr. Sook also serves as the Company’s Chairman and he remains a top shareholder of the Company.