Latest in Nexstar

U.S. stocks just wrapped their worst year since 2008 with media and tech leading the downward spiral. Streaming got messy, linear TV declined, a theatrical recovery sputtered, inflation, interest rates, unemployment and geopolitics turned ugly, recession jitters hit advertising, and M&A mostly ground to a…

Nexstar Media Group has appointed former Turner ad sales exec Michael Strober to the newly created position of EVP and Chief Revenue Officer. Strober will be responsible for “leading the reimagination and execution of a new advertising sales and go-to-market strategy for the company,” according to…

Nexstar Media Group, which has long been known for its enviable balance sheet and knack for finding ways to economize, plans to fund its investment in The CW with proceeds from its sale of a Chicago property to a casino developer. While the company’s drive to wring profits out of The CW and also its…

Nexstar CEO Perry Sook and execs of the nation’s biggest broadcaster said its imprimatur will be evident on The CW schedule for the 2023-2024 season with lower cost, broader appeal, and more unscripted fare and minimal content from former co-owners Warner Brothers Discovery and Paramount…

Nexstar grew revenue 9.7% for the September quarter to $1.29 billion for the three months ended in September, as the new CW owner cited growth in political advertising, distribution and digital revenue. Sales were shy of forecasts but profit was a beat, jumping to $287 million, or $7.30 a share, from…

Another CW show is on its way out. Whose Line Is It Anyway? will wrap its 12th and final season this spring on the network. Longtime star Colin Mochrie tweeted that they will begin shooting the last season in January. Hey everyone. Hope you are enjoying the current season of Whose Line. In…

As Nexstar announced Wednesday morning, former Pop TV president Brad Schwartz is returning to the network executive ranks as President of Entertainment at The CW. Reporting to new CW president Dennis Miller, he will be starting at the network in two weeks as he winds down his current role as CEO of The…

EXCLUSIVE: The new iteration of The CW is starting to take shape. Two and a half months after Nexstar Media Group acquired a majority stake in the broadcaster, the new owners are starting to make moves that will determine its programming mix and who will be leading this charge. Chief among these…

Less than a month after Nexstar Media closed a deal to take 75% ownership of The CW, the broadcast network has been hit with dozens of layoffs. The exact number of departures is still becoming clear, but one person with knowledge of the situation pegged it at about 30 to 40. While Nexstar is known…

Two senior executives at the CW — Rick Haskins, president of streaming and chief branding officer, and finance chief Mitch Nedick — are departing the network as Nexstar assumes control. The exits were confirmed Monday by sources at the network, whose longtime CEO, Mark Pedowitz, announced this…

During a call with analysts today, executives from Nexstar Media Group revealed how they hope to turn the CW into more of a cost-conscious broadcast network that appeals to a broader audience. Turns out the CW is a lot closer to that goal than anyone might have imagined. The reality, according to Nexstar President and…

As it transitions to new ownership, the CW will likely not look dramatically different in the near term, but Nexstar Media Group intends to turn it into a more broad-audience and cost-conscious broadcast network. The company earlier today confirmed it is set to take a 75% ownership stake in the network, with previous…