Company executives convened a 30-minute conference call this morning, taking investors throughbut taking no questions at the end of the session. Nexstar will release its fourth-quarter financial results on February 28 and is expected to conduct its customary Q&A with Wall Street analysts after those numbers are reported.
Despite the downbeat narrative around cord-cutting, which is shaving millions of pay-TV homes a year, viewers continue to tune in, Nexstar said, especially for live news and sports. One slide in the presentation projects the overall broadcast industry will grow to $26.85 billion by 2032, from $21.45 billion in 2022.
Why does this feel like Kmart and Sears merging to somehow survive a few years...