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Nexstar Earnings: The CW Loses Money, Political Ads Fall

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The losses at The CW are an improvement from when the broadcast network lost $78 million last quarter.

Nexstar‘s third-quarter earnings reflected the soft TV advertising market, with political ad revenue down 85 percent from last year, and so-called “core” advertising revenue

down 2.3 percent. Similarly, The CW keeps losing money for the broadcast TV giant, though its losses continue to narrow quarter by quarter. The CW lost $60 million in Q3, down

 

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