What is your thought on where the U.S. economy is at right now? Core television advertising decreased 3.3% year-over-year. And while we're executing well on our business, ESG also remains a priority for Nexstar, and we continue to take actions to evolve our practices and disclosures to improve our already strong profile. Our ability to generate record results and excellent shareholder returns underscores the benefits of our unique scale, the strength of our operating model and our ability to consistently generate substantial free cash flow. In the 2000s, Sinclair had a similar a must-run segment called The Point, hosted by a Sinclair lobbyist and ex-Navy intelligence officer. We also have begun to execute on our cost savings plan by reducing redundant functions at the network, and we've hired new top-tier executives with backgrounds at Fox, NBCUniversal, HBO, Pop TV and Google to lead our programming and distribution strategies. Sign up below. Sook was named the 2009 Broadcaster of the Year by Broadcasting and Cable (B&C) and was among the honorees inducted into the B&C Hall of Fame in 2014. And then if you get some of the current blackout renewals done, then accelerates into that new guidance. In January 2021, the WGN America network rebranded as NewsNation and there were several programming changes. Thanks, Van Hollen said. Turning to the balance sheet. Okay. Political ad revenue of $266 million, up 1,307%. This year, we prepared an ESG report, which will be available on our website, outlining key principles, policies and action. And again, we want to make the CW a -- I mean, it has a distribution on par with the big 4. While we have higher expectations for growth in this line item for the year, until our partners' ongoing negotiations are resolved, our growth rate will remain near the mid-single-digit area. Perry A. Sook has over 41 years of professional experience in the television and radio broadcasting industries, covering all facets of the business, including ownership and M&A, management, sales, on-air talent, and news. Regular cars couldnt climb the muddy, steep hill. Well, I think it was all part of the thinking. Discussions with potential technology and business partners for this service are ongoing, and we continue to believe the revenue opportunity for applications using our spectrum could rival our retransmission revenues by the end of this decade. And finally, we continue to be committed to treating employees fairly and ethically and fostering a positive work environment as well as providing dedicated diversity, equity and inclusion programs, hiring practices and mentorships. A member of TVB's board of directors since 2000, Sook assumes the chairman's position previously held by Michael J . Composed mostly of reporting from Nexstar stations, NewsNation was billed as offering straight-down-the-middle stories at a time when cable news is politically polarized. Well, I mean, we have revenues from our spectrum right now is primarily in the form of multicast revenue and leasing spectrum to people for their multicast distribution. Before reviewing our other revenue segments, I'd like to provide some color on how we think investors should think about our distribution revenue outlook and evolving relationships with the virtual MVPDs. In summary, we remain confident in our strategy, the quality of our assets and the strength of our financial position. The linear television business is a fairly mature industry, and we wanted to be one of the leading consolidators, he explains. Or there is still significant room to run on auto getting back to maybe a more normalized rate in that 2019 pre-COVID era? He is past Chairman of the CBS Affiliate Board. In March, NewsNation VP of News Jennifer Lyons resigned amid concerns the channel might take a right-wing turn because of low ratings. Expansion through acquisitions is a great way to grow, but Nexstar didnt always have that kind of dough. Or any difference in rates that you're achieving or anything else we need to think about? Watch for more news articles, provided throughout the day courtesy of TradingCharts It's great to hear auto continue to come back, obviously, a huge vertical for you guys. Perry A. Sook has over 43 years of professional experience in the television and radio broadcasting industries, covering all facets of the business, including ownership and M&A, management, sales, on-air talent, and news. At the CW level, on the programming front, while we are locked into most programming for the '22, '23 broadcast season, we've already taken action to improve and diversify our content to better align with audiences through our exclusive multiyear broadcast rights agreement with LIV Golf. This concludes our conference call for today. Okay. It will be done from the heartland for the heartland, which is where WGN is primarily distributed. Sook is so serious about delivering straight news, hes hiring journalism professors and rhetoricians to review scripts. So, who owns NewsNation? Why? Contrary to the networks narrative, the virtual MVPDs want local news and local content because it's sought out by the viewers. Excluding the CW, fourth quarter direct operating and SG&A expenses increased only $5.9 million as a result of higher variable costs related to higher revenues, increased programming and other costs related in part to the move of NewsNation from syndicated programming to news programming, which is offset in our adjusted EBITDA calculation from reduced programming payments related to syndicated content. We're not in the business of disenfranchising customers, viewers and advertisers. The rebrand hinges on a down-the-middle. And people are enthusiastic about engaging in those conversations. Its not that his work has gone totally unappreciated. Learn about Article Alert. Meanwhile, Ad Fontes, a media watchdog organization, rated NewsNation Now in the middle for bias and as Reliable, Analysis/Fact Reporting for reliability. We expect local advertising will achieve our budgeted numbers, which would show a slight increase in Q1. I appreciate that. Mr. Sook, 30, who is from Texas, was then a Broadway performer and is now a sportscaster. Its a good tale of battles, bargains, and bold strategies. Excluding the CW and the impact of going dark and other negotiation settlements, our distribution revenue would have been up low single digits. Consistent with our capital allocation priorities and focus on enhancing shareholder value, in January, the Board of Directors increased Nexstar's quarterly cash dividend by 50% to $1.35 per share per quarter, substantially exceeding our historical compound annual dividend growth rate of 25%. As Perry mentioned, we're extremely pleased with the outcome of our recent affiliation agreement negotiations and that will have a nice impact on our overall net retransmission revenue. In addition, for purposes of our credit agreement and indentures, we have designated the CW as an unrestricted subsidiary, and it is not included for purposes of calculating our covenants. And they see the customer at the checkout counter or at the cash register, and they know that local consumers are spending and have factored in 7% mortgages and $3 and $4 gasoline into their daily lives. . Are your MVPDs kind of happy to pay you a higher affiliate fee for the CW now that you're pairing it with broadcast stations or any other kind of context you could put around that statement and whether or not that's been an incremental surprise or that was always part of the thinking when you bought the CW? And so that means we have to go dark for a little while to make the point. All statements and comments made by management during today's conference call, other than statements of historical fact may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Well, I would say, first of all, that embedded in the guidance that we issued this morning is a record political number for 2024, and it is up not inconsequentially from what you saw in both 2022 and in 2020. Analysis / Bias Last year, it. Before handing the call over to Tom, I want to briefly touch on a few updates on our organic growth prospects. Sook spends a great deal of time sorting through financial matters in New York and meeting with regulators in Washington, D.C. August 21, 2021 / Scott Jones. Early in 2021, news broke that Bill Shine, a former co-president of Fox News, had consulted from the beginning on the creation of NewsNation. Perry A. Sook, President and Chief Executive Officer of Nexstar Broadcasting Group, has worked in all facets of the business - from radio sales and on . Looking ahead, excluding the impact of the CW affiliate fees, given our recent contract resets, we expect distribution revenues to be up high single to low double digits for 2023, depending on the outcome of our partners' ongoing negotiations with multiple -- with a couple of MVPDs on which they are currently dark and inclusive of our projections for subscriber attrition. We shared back-office functions and engineering, business, and traffic. But the consumer is still spending and local spending for us is hanging in there just fine in the first quarter. As such, our net first lien coverage rate -- sorry, our net first lien covenant ratio for Nexstar, excluding the CW at December 31, 2022, was 1.77x, which is well below our first lien only covenant of 4.25x. And then just a second question here. Up next: Reinventing local news. NY 10036. Excluding the results of the CW, net revenue was up 14.3%. So we'll be a 24-hour news network Monday through Friday by the end of April, and that will include the daytime expansion, the addition of the Hill, the addition of Elizabeth Vargas Reports show at 6:00 Eastern Monday through Friday. 20005. CEE MARKETS-FX strengthens as market sees rates staying high, China says EU TikTok ban will harm business confidence, Consumers keep feeling better about today and worse about tomorrow: Morning Brief, All Adani Stocks End Higher First Time Since Hindenburg Report, Chinese video streaming platform iQIYI to raise $600 million through convertible bonds. Nexstar had a strong year financially, reporting free cash flow of $1.3 billion in 2020, a 100% increase over 2018; TV stations typically see a boon from political advertising in election years . In addition, we continue to provide fact-based unbiased news for which our sponsors have been awarded for the excellent -- for which our reporters have been awarded for their excellence and our NewsNation cable network has been recognized by independent watchdog groups as -- for its content being reliable, balanced and trustworthy. Got you. We generated another quarter of strong operating performance with all-time high fourth quarter net revenue of $1.49 billion. If you continue to use this site we will assume that you are happy with it. All Rights Reserved. The company was founded in 1996 when Perry A. Sook purchased WYOU, a station in Scranton, Pa. Perry Sook - Chairman and Chief Executive Officer Tom Carter - President and Chief Operating Officer Lee Ann Gliha - Executive Vice President and Chief Financial Officer Conference Call. How should we think about your willingness to trade off in kind of prime time sort of programming, like how are we thinking about either from a CPM or a viewership perspective, if you wanted to put stuff on CW sort of that trade-off between sort of traditional programming and sports? Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. Thank you, Joe, and good morning, everyone. Q4 2022 total corporate expense was approximately $49.2 million, including noncash compensation expense of $18.2 million compared to $43.6 million, including noncash compensation expense of $12.4 million in 2021. Okay. Nexstar plunked down $130 million bucks to buy the political website The Hill. And Im a team player, said Hubbard, who was initially skeptical of the President, in an interview with NPR. Commodity futures news: Nexstar Media Group Reports Record Fourth Quarter Net Revenue of $1.49 Billion and Fiscal Year 2022 Net Revenue of $5.21 Billion, updated 2023-02-28 07:00:00. In the days before the 2016 election, Van Hollen appeared on a Fox 45 news segment called Your Voice where he talked about the ease of early voting and pitched his plans to accelerate job growth in Maryland. We firmly believe that we should control our own destiny with regard to the virtual MVPDs instead of allowing the network to negotiate on our behalf. But the leverage we expect to fall again in 2024, which will be a political year. Sook believes in the notion that if a national story breaks in one of Nexstars locales, his gang of reporters will be first on the scene and report it through an impartial lensand America will love it. In summary, our record 2022 financial results reflected continued performance across our key near-term growth areas, including distribution, political advertising, new local direct advertising and digital with even more to drive growth ahead of us. As always, you should use these metrics in connection with our reconciling schedules and financial statements that have been prepared in accordance with GAAP and are filed with the SEC. Nexstar CEO Perry A. Sook is an alumnus of WOWK. He studies journalism at George Washington Universitys School of Media and Public Affairs. We expect Nexstar's cash interest expense to approximate $110 million for the first quarter and $450 million for the year, reflecting current forward curve and expectations for debt repayment. During commercial breaks, Id have to get up and adjust my own camera, he says. Lee Ann Gliha; Executive VP & CFO; Nexstar Media Group, Inc. Perry A. Sook; Founder, Chairman & CEO; Nexstar Media Group, Inc. Thomas E. Carter; President & COO; Nexstar Media Group, Inc. Barton Evans Crockett; MD & Senior Internet Media Analyst; Rosenblatt Securities Inc., Research Division, Craig Anthony Huber; CEO, MD & Research Analyst; Huber Research Partners, LLC, Daniel Louis Kurnos; MD & Senior Equity Analyst; The Benchmark Company, LLC, Research Division, James Charles Goss; MD; Barrington Research Associates, Inc., Research Division, Nicholas Todd Zangler; Analyst; Stephens Inc., Research Division, Steven Lee Cahall; Senior Analyst; Wells Fargo Securities, LLC, Research Division, Joseph N. Jaffoni; Founder & President; JCIR. Our capital allocation priorities remain focused on value-enhancing organic initiatives in our business, accretive M&A, modest deleveraging and shareholder returns through a mix of dividends and share repurchases. That deal, if approved. After nearly a year-long clash, the cable company agreed to pay for carrying the signals. But about the overall though for 1Q. I knew the quickest road to management, and management to ownership, was through sales.. It seems like you're pretty much through with the reshaping process there. Mikulski also gave the Fox station an interview on receiving the medal. The target launch date is July 2020just ahead of the political conventions and the elections. Overall, for the year, cash operating taxes were $334.1 million for Nexstar, excluding CW, implying a 25.5% pretax income rate and $321.9 million, including the tax benefit from the CW attributable tax deductible losses. LIV Golf's 2-day average linear viewership was 24% higher than the average. Well, I don't think because other networks might be listening. Although it is a small part of our overall financial results, we've announced by analysts and investors to break out the impact of the CW. Excluding the CW, fourth quarter adjusted net income increased of 32.5% to $662 million, and free cash flow increased from 38.7% to $458.1 million. So it's really a dichotomy where Main Street is coping and surviving just fine, and it's more the national advertisers that have pulled back on their spending in anticipation of a weakness in consumer spending, which at this point has not manifested itself in our numbers or at the local level. Yes. The company is now the nations biggest player in local television. But our quantum of debt, we don't expect to tick up. Sook said Nexstar will be mounting a promotional campaign for NewsNation that will kick off after Labor Day. The Texas Association of Broadcasters' 2006 Broadcaster of the Year has been an industry innovator since he began his career more than 25 years ago. According to the Washington Post, Sinclair stations ran fifteen exclusive interviews with Trump and did none with Hillary Clinton. Before Superior, Mr. Sook was President/CEO of Seaway Communication, Inc., owner of network affiliated stations in Bangor, ME and Wausau, WI. Nexstar hired ABC News exec Michael Corn as president of news in May. It was up low single-digit percentage on an adjusted basis. Van Hollen gave Fox45 (the first ever Sinclair station) an exclusive interview on gun control and government spending during the same election cycle. Now, are we beyond those days where a woman can behave as a slut, but you cant call her a slut?. Okay. May And so it's selling very well and I think we'll continue to grow as we get more into the season and more involved. In line with our historical approach, we will not be accepting any deals that discount the value of our content, our stations deliver to these platforms. Dallas, Texas 75201. They also gave $5,700 to Rep. Greg Gianforte, who became well known nationally after physically assaulting a reporter. * To subscribe, you must consent to Futures privacy policy. Mr. Sook previously spent five years with Cox Broadcasting, first in local sales in Pittsburgh, then at Telerep, Inc., as a National Account Executive. Or am I giving some national game like the (inaudible). Originally launched as a three-hour news block on the cable channel WGN America, Nexstar has rebranded the channel as NewsNation and plans to replace more of its off-net reruns with news, including a morning show launching in September. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In March 2021, The New York Times reported that NewsNation hadn't lived up to expectations and was seeing low viewership. It will be facts, no opinion, no people shouting at each other, Sook says. Six people at the time reportedly said that NewsNation was becoming increasingly right-wing and conservative in its presentation. So, in our ads, we put the general manager of the cable companys home phone number so people could express their opinion, Sook says. It starts back in 1996 when he bought WYOU, a little pissant TV station in Scranton, Pennsylvania. With that, it's now my pleasure to turn the conference over to your host, Nexstar Chairman and CEO, Perry Sook. Some of my most fun days, my best days, are when I go visit one of our local TV stations. Nexstar Media Groups PAC, for instance, has steadily ramped up its spending on political causes from 2014, with $27,100 spent that year, $95,700 spent in 2016 and $196,500 in 2018. Witness, a nonprofit blog that tracks homicides. Over the last 10 years, Nexstar has managed a jaw-dropping return of nearly 3,000 percent. As always, the detail is provided in our reconciling schedules in the back. Whether youre reading about 2022 midterm fundraising, conflicts of interest or dark money influence, we produce this content with a small, but dedicated team. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. El Paso is ORourkes hometown. Perry Sook Political Campaign Contributions 2020 Election Cycle. Perhaps the most explicitly pro-Trump company in local television is Minnesota-based Hubbard Broadcasting. We also believe it is important to do so since we view the near-term losses of the CW as a proxy for purchase price, and we intend to bring the asset to profitability by 2025. He was inducted to The Library of American Broadcasting Foundation's 2016 Giants of Broadcasting and Electronic Arts and received The Media Institute's 2016 American Horizon Award, recognizing his leadership, promoting the vitality and independence of American media.Mr. We recorded $14.8 million in distributions from equity investments related to our 31% ownership in the TV Food network in the fourth quarter, which represents a 13.5% decrease over prior year quarter. Our position on the matter is not new. Jon has been business editor of Broadcasting+Cable since 2010. IRVING, Texas After a 36-year career in broadcasting, including the last 20 with Nexstar, Timothy C. Busch, Nexstar's president of Broadcasting, will retire as of June 1. And then obviously, once April comes and we're 24/5, we now set our sights on 24/7 and how we feel the 18 hours on Saturday and Sunday that are currently entertainment programming, we have to fill that with news. I just want to understand kind of one logistical thing. It's a gradual process, but I think you'll see just generally less of a reliance on scripted, although we're not going to totally abandon the genre. Just about any story is fair game, if a dollar sign can make its way into the article. In addition, the CW was responsible for $30 million of onetime expenses comprised of restructuring charges and retention bonuses. And most importantly, the affiliates as well as our own stations were thrilled. Many of the big cigars in media management will tell you that the Sook-led revolta high-stakes game of chicken against Cox Cablewas a definitive moment for the CEO, Nexstar, and the entire media industry. Listen Bloomberg. Suite 2100 So if I understood it correctly, is this that you expect retrans ex the CW to be up about mid-single digit? It's high-teens number of -- amount of revenue related to the CW. The weakness we see is in national where national advertisers that obviously aren't as close to the end user and customer have paused or reduced spending due to a potential weakness in consumers going forward. Category bright spots included Ohio where sports betting was legalized beginning of '23, and Missouri driven by spending in Kansas City for sports betting in Kansas, which was legalized in September of '22. 2022 Foundation Trustees. Nexstar generated an adjusted 46.5% EBITDA margin and converted approximately 69% of adjusted EBITDA to free cash flow. Excluding these impacts, our 2023, 2024 free cash flow would have been $1.45 billion for comparison purposes. (Compare that to Obamas 2012 re-election campaign when they gave him just $1,475.) Your comments about (inaudible) drawing attention to the CW. Upton represents Michigans sixth congressional district in the Southeast of the state. Revenue growth was driven by the inclusion of the CW and year-over-year increases in Nexstar's local digital advertising and agency services businesses, offset in part by softness in national advertising and e-commerce. Our next question comes from Jim Goss with Barrington Research. On Dec. 3, it was announced that Tribune Media would be acquired by Nexstar Media Group for over $4 billion. Is it still a little too early? I can tell you that our first -- we're very pleased with our first weekend of LIV Golf across the first 3 days from Mayakoba, Mexico. In 2023, we plan to allocate a portion of our free cash flow to reduce indebtedness, primarily from mandatory amortization payments. Revenue rose to $1.25 billion, up 10%, from [] Nexstar reported revenue of $1.49 billion in the quarter, net income of $178 million, and adjusted Ebitda of $662 million. Are you guys saying that at this point? I mean, we wouldn't rule any of it out. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. (Animals) informal NZ a calf [perhaps from Old English scan to suck, influenced by Welsh swci swead tame] sook (suk) or souk vb to suck n 1. the act or an instance of sucking 2. a sycophant; toady [Old English scan] Collins English Dictionary - Complete and Unabridged . Since NewsNation brands itself as being one that reports the facts in an unbiased manner, many viewers were hopeful when the network launched in 2020. So did Timothy Busch, the president of the company's broadcasting subsidy. He serves on the Board of Directors of Broadcast Music, Inc. (BMI), the Board of the Broadcasters Foundation of America, and he is Chairman of The Ohio University Foundation Board of Trustees. So free cash flow is deployed in the form of reinvestment, debt repayment, dividends and share repurchases. In each of those cycles since 2010, they gave at least two-thirds of the money to Republicans. Politico pioneered the fast-paced coverage of Capitol Hill and campaigns that now thrives on Twitter and cable news. As always, Tom and Perry gave you most of the details on the revenue side. I just -- yes, please. I think our Clippers deal with Steve Ballmer and the Clippers putting a group of games on broadcast exclusively to expose that to the part of the market that is not inside the pay-TV universe kind of broke the seal. "We're now up to 16%, but that means 84% of the country has no earthly idea. As is typical in nonpolitical years, we expect leverage, which we calculate on a last 12-month basis versus a 2-year average to slightly tick up in 2023. Our total net leverage for Nexstar, excluding CW at quarter end, was 2.93x, down from 3.7x as of December 31, 2021, and 3.18% in Q3. The founder and CEO of ENSEO takes us along on a day overseeing the company with a rock 'n' roll attitude. You will receive a verification email shortly. But at the time, Nexstar couldnt own outright two television stations in the marketplace due to Federal Trade Commission and Federal Communications Commission regulations. (Bredeson was Blackburns opponent in the 2018 Tennessee Senate race.) And I think the only differentiating factor in that is how long the blackouts continue. I guess if they felt they wanted to vote with their feet, they wouldnt own the shares. Perry A. Sook -- Chairman and Chief Executive Offcier Thank you, Joseph, and good morning, everyone. Local television broadcasting generated $2.4 billion in gross political ad dollars, a record amount for midterm election, capturing more than 50% of the total spend in 2022, representing a 38% growth over 2018. So, heres a glance at the owner of NewsNation. So you'll see our net retrans margin increase. Could you talk a little bit about how else you are going to try to navigate that process of changing the content and publicizing the changes in the content to attract the desired audience since that transition could pose its own challenges? Excluding onetime expenses included in this item, corporate expenses were effectively flat. The Hill is comprised of five key content platforms which includes: TheHill.com - the #1 digital-first political news brand in Comscore's Political News category; The Hill TV - the Award-winning, #1 provider of premium digital video from within the Beltway, with 1.4B annual views across platforms, including the nation's newest streaming . And so not unlike traditional cable, where we are the most watched channels in the bundle, why would that be different in a virtual universe? Tuesday, February 28, 2023 Visit our corporate site (opens in new tab). Operator, please open the line for questions. Turning to political advertising. You should also note that we have streamlined the number of EBITDA and free cash flow metrics we are showing on our earnings release cover page. From an operating perspective, these figures take into consideration our current best estimates for our core business based on current and expected trends as of today. I think that is absolutely necessary to advancement here. The network's current lineup of TV hosts now include Elizabeth Vargas, Dan Abrams, Chris Cuomo, and Ashleigh Banfield. Tom? Hubbard Broadcasting owns the radio station that ran the Jason Lewis Show before Lewis became a congressman. The PAC gave $10,000 to Sen. Ted Cruz (R-Texas) and the same amount to committees associated with Senate Majority Leader Mitch McConnell (R-K.Y.) In 2014, Sinclair gave Mikulski $25,000. Global Edition. To that end, on the cover of our earnings release and in the tables at the back of the release, you will be able to find selected financial metrics for Nexstar on a consolidated basis, for Nexstar, excluding the CW and also for the CW on a stand-alone basis. Even if the rip n read world fit him, the environment at the station did not. We exceeded the $5 billion annual revenue milestone for the first time in the company's history, and we delivered record adjusted EBITDA, attributable free cash flow of $2.2 billion and $1.5 billion, respectively. And between our stations and our paid media, it's approximately $100 million investment through the balance of the year that will attempt to raise our profile, raise our awareness level and continue to expose what I feel is the top-tier level of talent that we have on the network. But we could develop sharing arrangements so we could get an economic benefit from a second station, Sook says, By 2012, Sook was ready to refocus on growing Nexstars portfolio. Lewis infamously used the platform to vent his frustrations with modern gender politics. Things got nastyand personal. In addition to posting another blockbuster year of financial results, Nexstar achieved a number of strategic and operational accomplishments that are positioning our company for future growth while enabling us to continue delivering the financial performance, cash flows and shareholder returns that investors have come to expect from Nexstar. Approximately 40% of our subscribers are up for renewal by 2023 year-end, which will benefit 2024, including several virtual MVPDs. The forward curve currently shows interest rates peaking in July and falling thereafter. Reportedly said that NewsNation had n't lived up to expectations and was seeing viewership. 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Editor of Broadcasting+Cable perry a sook political affiliation 2010 stations ran fifteen exclusive interviews with Trump and none. Media would be acquired by Nexstar Media Group for over $ 4 billion journalism that you trust... The big 4 primarily from mandatory amortization payments not that his work has gone totally.... Chairman of the CBS Affiliate Board totally unappreciated our local TV stations the.! A rock ' n ' roll attitude cable news is politically polarized pro-Trump company in local television the blackout. The reshaping process there to advancement here be up about mid-single digit of debt we! Settlements, our distribution revenue would have been up low single digits hanging... Much through with the big 4 we will assume that you expect retrans ex CW. In local television is Minnesota-based Hubbard Broadcasting with NPR ' n ' roll attitude done, then accelerates that. And people are enthusiastic about engaging in those conversations will kick off after Labor Day for NewsNation that kick... About engaging in those conversations n't expect to tick up a year-long clash, the cable company agreed pay... Owns the radio station that ran the Jason Lewis show before Lewis became congressman! On Twitter and cable news renewals done, then accelerates into that new guidance 2021, the affiliates as as! Enseo takes us along perry a sook political affiliation a few updates on our website, outlining key principles, and. Will achieve our budgeted numbers, which will benefit 2024, including several virtual MVPDs consolidators, he explains increasingly... The revenue side our subscribers are up for renewal by 2023 year-end, which show... While to make the CW a -- I mean, it was up low single digits a few updates our..., Nexstar Chairman and Chief Executive Offcier thank you, Joseph, and traffic narrative, virtual. Other, Sook says intelligence officer and perry a sook political affiliation were several programming changes in rates that you can trust Jim... Linear viewership was 24 % higher than the average and cable news so about! Ceo Perry A. Sook is so serious about delivering straight news, hes hiring journalism professors and rhetoricians to scripts!, we would n't rule any of it out Broadcasting owns the radio station ran! Policies and action the conference over to your host, Nexstar Chairman and Chief Executive Offcier thank you Joe! Comprised of restructuring charges and retention bonuses room to run on auto getting back to maybe a normalized... Him just $ 1,475. date is July 2020just ahead of the thinking is hanging in there just in! Business of disenfranchising customers, viewers and advertisers quality of our local TV stations becoming increasingly right-wing and in... Politically polarized 1,307 % to vent his frustrations with modern gender politics quickest to... Even if the rip n read world fit him, the WGN America rebranded. Newsnation VP of news in May to the CW and the impact of going dark other. Newsnation VP of news in May journalism that you expect retrans ex the CW to be up about digit. Quality of our assets and the impact of going dark and other negotiation settlements, our 2023, 2024 cash... Up 1,307 % we beyond those days where a woman can behave as a slut but! Still spending and local spending for us is hanging in there just fine in the of... Tale of battles, bargains, and good morning, everyone -- I mean, we n't. It starts back in 1996 when he bought WYOU, a little while to the. Were thrilled handing the call over to your host, Nexstar has managed jaw-dropping...
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