Get the latest gossip
CW Loss Increases by ‘Mid-Teen Millions’ in Q1 as Nexstar Continues to Project 2026 Profitability Goal
Nexstar reported its first-quarter 2025 earnings Thursday, revealing broadcaster the CW had taken a hit on its long journey to profitability.
“As expected, the CW’s profitability in Q1 declined by mid-teen millions due to additional sports programming and amortization the network didn’t have in the same quarter last year,” Nexstar president and chief operating officer Michael Biard said during a call with analysts following the earnings release. “As the nation’s largest local broadcaster, we strategically use our scale to drive strong operating results and cash flow and facilitate organic growth initiatives as we further elevate The CW and NewsNation to top-tier networks. For the balance of 2025, we remain focused on renewing distribution contracts representing approximately 60% of our subscriber base in total for the year, continuing our path towards profitability at The CW, preparing for the 2026 political cycle, and pursuing deregulation.”
Or read this on Variety