The CW’s New Owner, Nexstar Media, Updates Investors On “Offensive And Defensive” Reasons For Its Acquisition Of The Broadcast Network

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The CW’s New Owner, Nexstar Media, Updates Investors On “Offensive And Defensive” Reasons For Its Acquisition Of The Broadcast Network
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Nexstar Media Group, which last year acquired 75% of The CW, updated investors on the “offensive and defensive” rationale for the acquisition. Company executives convened a 30-minute co…

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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.

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Why does this feel like Kmart and Sears merging to somehow survive a few years...

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