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Nexstar, the No. 1 owner of local TV stations in the U.S., posted record results in the fourth quarter as political ad spending drove a 25% increase in revenue to nearly $1.4 billion. Political ad spending amounted to $298 million in the quarter ending December 31, out of total TV ad sales of $772 million. The Atlanta…

Discovery’s self-described “experiments” with programming on nascent streaming service Discovery+ are one reason why it has quickly reached almost 12 million direct-to-consumer subscribers. The company released the streaming totals — of which Discovery+ makes up the bulk — as part of its fourth-quarter earnings…

Discovery said it has passed 11 million direct-to-consumer streaming subscribers and will reach 12 million by the end of February, a gain of about 7 million subscribers since December. The parent of cable networks HGTV, TLC, Food Network and the Discovery Channel launched streaming service Discovery+ on January 4 in…

UPDATED with exec comments from call: Satellite broadcaster Dish Network posted profit and revenue gains for last quarter, beating Wall Street estimates and seeing its stock pop more than 3% in early trade. It reversed course and closed down more than 4% as the market digested the massive challenge of the company’s…

Roku continues to ride the streaming wave. The company reported fourth-quarter results ahead of Wall Street expectations as revenue shot up 58% from a year ago to just shy of $650 million. Income from operations swung from a loss of $17.4 million in the year-earlier quarter to a profit of $65.2 million, or 13 cents a…

UPDATED with closing price, more analyst comments. Disney stock, which ran up to an all-time record in advance of Thursday’s quarterly earnings report, slid 2% today even as many analysts expressed upbeat views on the media giant’s prospects. The company’s fiscal first quarter results exceeded analysts’ expectations…

More than a year after launching Disney+, a clear success with just shy of 94.9 million global subscribers, Disney has so far reported the least amount of viewership data of any major streaming competitor. The company’s quarterly earnings call today with Wall Street analysts continued the close-to-the-vest trend…

Disney CEO Bob Chapek anticipates Disneyland and other parks in 2022 may be mask free and without onerous social distancing for a Covid free, vaccinated populace. Theme parks have been hardest hit among Disney’s businesses. At a conference call to talk over the media giant’s latest earnings, execs said flagship…

Disney beat forecasts for its fiscal first quarter with revenue of $16.9 billion, versus $20 billion the year before. The media giant’s diluted earnings per share was 32 cents versus $1.53 as the pandemic continued to squeeze businesses from parks and live shows to production to theatrical revenue. However, It's fair…

Disney+ continues to lead the pack of new streaming services, reaching 94.9 million subscribers in the quarter ending January 2, but average revenue per user plunged 28% from year-earlier levels. The subscriber growth was at the high end of analysts’ estimates. ESPN+ is now at 12.1 million subscribers, nearly double…

UPDATED with Jack Dorsey comments: A month after booting former President Donald Trump from its service, Twitter CEO Jack Dorsey said the giant social media platform is "much larger than any one topic or any one account. He noted the company has a huge international following and a number of large accounts. "With…

Fox Corp. CEO Lachlan Murdoch said Fox News is not about to adjust its political orientation despite a bumpy period during and after the 2020 presidential election and a recent slip in its ratings. The network’s ratings have dropped about 13% in recent weeks, putting the network in the rare position of trailing CNN…