Get the latest gossip
Broadcast Giant Nexstar Misses Q2 Estimates, Says It Is “Executing” CW Plan As Network Losses Shrink
Broadcast TV giant Nexstar Media Group undershot Wall Street analysts' estimates for the second quarter, but reported narrower losses at The CW.
Broadcast TV giant Nexstar Media Group undershot Wall Street analysts’ estimates for the second quarter, but said losses are continuing to narrow at The CW. While political was on the upswing, non-political ad revenue fell $24 million from a year ago, a drop the company blamed on “ongoing advertising market softness.” It has driven toward that profitability goal by shedding the pricey scripted dramas that were long the network’s signature, replacing them for the most part with unscripted fare and live sports.
Or read this on Deadline