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The CW Narrows Losses by $33 Million in Q2 as Nexstar Ad Sales Tick Up 2%
Nexstar reported its second-quarter 2024 earnings Thursday, revealing that the CW Network has narrowed its losses by $33 million year over year.
Wall Street forecast earnings per share (EPS) of $4.17 on $1.3 billion in revenue, according to analyst consensus data provided by LSEG, formerly Refinitiv. During the quarter, we continued executing on our plan at The CW, reducing operating losses by $33 million year-over-year and $83 million year-to-date as our organizational and programming changes are driving improved cash flows and the third consecutive quarter of ratings growth in primetime entertainment programming. Looking ahead, we expect to benefit from anticipated record levels of political spending on broadcast television in the second half of the year.”
Or read this on Variety