[53] The sale was completed on January 31, 2017. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. After flirting with bankruptcy in 2009, Sinclair was saved in part thanks to Citizens United and the ensuing influx of political ad spending. Up next: Reinventing local news. Nexstar Media Group's purchase of Tribune Media Co's 42 TV stations makes Nexstar the nation . Offers may be subject to change without notice. If that's a local game? Washington, Well, I think our -- I guess I stated earlier, our goal is to create more value in the CW. Outside of the huge Chicago-based cable network WGN America, most of its 196 stations are ABC, CBS, Fox, CW, and NBC, We have 5,400 journalists around the country who produce local newsmore than any other organization. I'll start with a summary of recent highlights and developments. And then what was your retrans revenue if you just exclude the CW, what was that percent change including the hit, unfortunately, for the blackouts? He approached the media groups execs and said, Listen, I will manage these stations for you for a fee and improve them for you so that you recover some of your investment. It worked. . 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. Nexstar's outstanding debt as of December 31, 2021, was $6.95 billion, down from $7.41 billion at year-end last year. The ramp-up of sports betting advertising came at a time when automotive was declining and now we see a reversal in the performance of these 2 categories. It's clear from our results that 2022 was a monumental year for Nexstar and a referendum on the power of the broadcast model and its ability to deliver audiences at scale and strong levels of free cash flow. Also Read: Despite Low Ratings, Nexstar Adding News to Mornings on NewsNation, When we launched NewsNation, 10% of the country knew what NewsNation was, Sook told analysts and investors. What is your thought on where the U.S. economy is at right now? No spam, ever. And so we know we have value. Nexstar Media Group owns NewsNation. 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. Before being recruited to run Seaway, he worked in the . August 21, 2021 / Scott Jones. Prior to Nexstar, Mr. Sook was one of the principals of Superior Communication Group, Inc., which was sold in 1995 to Sinclair Broadcast Group. Nexstar Media Group, Inc. (NASDAQ:NASDAQ:NXST) Q4 2020 Earnings Conference Call February 23, 2021 9:00 AM ETCompany ParticipantsJoseph Jaffoni - Investor RelationsPerry Sook - Founder,. Got you. The pressure to perform and remain at the top once you're there? The linear television business is a fairly mature industry, and we wanted to be one of the leading consolidators, he explains. But not all of his travel is to major metros. Our strong free cash flow enables us not only to increase the percentage of capital return to shareholders in the form of dividends but also allows us to continue to opportunistically repurchase shares as well as reduce debt and pursue other strategic opportunities to further enhance shareholder value. So, there were challenges. And again, we want to make the CW a -- I mean, it has a distribution on par with the big 4. Nexstar Media Group, Inc. today reported financial results for the fourth quarter ended December 31, 2022 as summarized below:. We shared back-office functions and engineering, business, and traffic. Okay. "We're now up to 16%, but that means 84% of the country has no earthly idea. I mean given all the controversy and uncertainty out there about the U.S. economy and given how large your footprint is on the TV station side, Perry or Tom or et cetera. Perry A. Sook serves as Chairman of the Board, Chief Executive Officer of the Company. Well, I think it was all part of the thinking. Nexstar is "immediately commencing a search" for Busch's successor, according to Perry Sook, Nexstar's CEO. Who's Nexstar CEO Perry Sook? Dennis Miller and Brad Schwartz and their teams are hard at work putting that together. Expansion through acquisitions is a great way to grow, but Nexstar didnt always have that kind of dough. Our promotional campaign will kick off in earnest in the month of April. Are they able to see the local football game from the NFL on CBS? The company also spent $390,000 lobbying during this period and employed a former chief counsel to Sen. John Cornyn (R-Texas) and a former deputy staff director for Sen. Chuck Schumer (D-N.Y.) as lobbyists. Early in his career, Mr. Sook was involved in local TV sales and radio sales. Presently, the CBS affiliate Board has recommended that CBS affiliates not opt into the agreement with FuboTV, a small virtual MVPD, and we have followed their recommendation. Thomas Carter, the CFO, did the same. Soon after they met,. They had no audience, no advertisers, and no followers, Sook says. Thank you, Tom, and good morning, everyone. Thats job one.. This is an important fact as there is no regulatory limit on pricing for these advertisers and these dollars can quickly shift from race to race as political season progresses and benefits a scale player like Nexstar since we have stations in a substantial majority of the competitive markets. As we move forward, we will continue to strategically deploy our cash in a manner that is consistent with our commitment to creating the highest shareholder value. 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. 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. 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. There was a problem. Moving back to Nexstar expenses. He says Texas is prospering because of this, and now says its time to complete the jobs underway.. Ray Cole, Charles Ryan, Ernest Liebre, Phillip Lombardo 4. Tom Hanks Started a Veteran-Focused Coffee Brand Where to Buy It, Drug Prices Are Increasing in 2023, Won't Impact Most Consumers. NATIONAL ASSOCIATION OF BROADCASTERS POLITICAL ACTION COMMITTEE (NABPAC) - Unknown: SOOK, PERRY MR. IRVING, TX 75062: Nexstar Broadcasting Group, Inc./Chairman, President & Ceo: $5,000: 04/08/2015: P: NATIONAL ASSOCIATION OF BROADCASTERS POLITICAL ACTION COMMITTEE (NABPAC) - Unknown: SOOK, PERRY FLOWER MOUND, TX 75022: Nexstar Broadcasting . In retrospect, Sook admits there was, perhaps, some chance Nexstar might have raised enough money to buy WBRE. Before Superior, Mr. Sook was President/CEO of Seaway Communication, Inc., owner of network affiliated stations in Bangor, ME and Wausau, WI. He subsequently convinced satellite companies to pay for his stations content; the cable companies, though, balked at the idea. Watch Vonn and Sinner as they explore the dedication and work required to become the best. Great. We appreciate you joining us today to discuss Nexstar's outstanding fourth quarter and full year financial results. And then also when we're negotiating with the largest big 4 station group and you negotiate this all as a package, there is leverage inherent in that model. With respect to our free cash flow guidance, we've opted to use an attributable free cash flow figure that includes the cash flow of Nexstar and its interest in the Food Network and our attributable 75% interest in the losses of the CW and the related tax benefits of those losses. Thomas Carter, the CFO, did the same. As the PAC distributed its funds, stations owned by Nexstar were covering politics and political races across the country. 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 . And I think that other team owners have taken notice of that. '23 and '24 will benefit from new distribution agreements and as we've discussed, 2024 as the presidential election and big political year. Not bad for a guy who first got into the television business as a small-town anchorman. Core television advertising decreased 3.3% year-over-year. This past year, we expanded weekday news programming to 17 hours per day, made key journalists and editorial additions and are completing production facility expansions in both New York City and in Washington, D.C. I want my commission salespeople to be the highest-paid people in town., Sook did double-duty as both anchorman and weatherman. So we believe the first half will be more like mid-single digits, and then it will grow again to the full year expectations in the back half of the year. And the one other one with NewsNation. Thank you very much for your participation, and have a good day. 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. Its important that we never lose sight of that, he says. (They gave $5,000 to Marsha Blackburn (R-Tenn.) in the 2018 cycle, but also gave $2,500 to Tammy Baldwin (D-Wis.)). Sook believes its important to spend time visiting all of the companys 114 markets. And are we talking about the affiliates effectively drawing the line in the sand here, which could see and could create spillover and impact these relationships with other vMVPDs as well? Nexstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. He just want to know what the amount to CW. When you refer to Bay, who are you talking about? The Chief Technology Officer, Brett Jenkins, gave $5,000 to the PAC, but only in 2018. 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. 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. (The film was produced in part by StarWing Sports Management, which represents Sinner. Jamie McCarthy, Getty Images Tyler Perry, who's stayed largely apolitical throughout his career, is breaking the tradition to endorse a candidate in the 2020 presidential election. The -- there are lots of discussions. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. So it will be a record year. Or is that kind of a necessity to free up that bandwidth capacity? Noncash compensation expense grew primarily due to the CEO's new contract. Their attempt was scuttled by regulators, but Sinclair already owns a huge swath of local television stations, 191 by their count. As always, Tom and Perry gave you most of the details on the revenue side. Sook said Nexstar will be mounting a promotional campaign for NewsNation that will kick off after Labor Day. Both Blackburn and Arpaio have received lavish praise from President Trump. Finally, Nexstar continues to lead the industry in total deployment of ATSC 3.0 or NextGen TV with markets reaching approximately 35% of the U.S. households, and we have a goal of reaching 50% of the U.S. populations with ATSC 3.0 signals via our stations by the end of this year. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Sues Paramount, Claims It Reneged on $500 Million 'South Park' Licensing Deal, CBS Plans Primetime Special To Mark James Corden Signing Off, Byron Allen To Be Honored At Harvard Business School, FCC Designates Standard General-Tegna Deal for Hearing. 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. - Achieved monthly website growth of 2.3 million views over two-year period through strict web and social media initiatives (Feb. 2009 to Feb. 2011) - Served as one of four We also have multiple organic growth drivers, including NewsNation, the CW and ATSC 3.0 that are being positioned to generate material growth for Nexstar in the future. Next steps for us, obviously, Elizabeth Vargas joins the network in April. NewsNation is found under the umbrella of Nexstar Inc.s Networks division. On a net basis, we expect reverse comp to increase but at a mid-single-digit rate, slightly improving our distribution or retrans margin. Yes. But at the time, Nexstar couldnt own outright two television stations in the marketplace due to Federal Trade Commission and Federal Communications Commission regulations. 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. Some of his other commitments include working on the board of directors for the following non-profits: the Broadcasters Foundation of America, the Television Bureau of Advertising, and as the television chairman for the National Association of Broadcasters, according to his Nexstar bio. Nexstar's stock has been one of the best short- and long-term performing stocks in media, one of the highest percentage returns of free cash flow to shareholders in media along with solid long-term growth prospects and a low valuation. That's helpful. Hubbards CEO, Stanley Hubbard, is on the advisory board for a pro-Trump Super PAC. Excluding the results of the CW, net revenue was up 14.3%. 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. Nexstar generated fourth quarter political revenue of $265.9 million propelling our full year of political advertising to $505.6 million, just 1% shy of the 2020 presidential election year results and up an impressive 32% pro forma over 2018, the last midterm comp. 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. It all got Sook to thinking. If Sook can pull that off, he will have one hell of a story to tell. This is extremely dangerous to a democracy.. And I think when those things begin to line up, I think you'll see development accelerate. Well, again, I've said for the full year, we expect high single to low double-digit growth. 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. But all of the behind-the-scenes pieces were consolidated into a single, fixed-cost structure., In retrospect, Sook admits there was, perhaps, some chance Nexstar might have raised enough money to buy WBRE. I'll go back to what Tom said in his prepared remarks is that total virtual MVPD revenue is approximately 10% of our distribution revenue. Some include the CW and some exclude it, creating some noise in our consensus estimates. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. In the segment, news anchors read from a script decrying biased and false news on social media and other news outlets. That year they gave $18,500 to Rep. Tom Emmer (R-Minn.) and $16,300 to Ted Cruz. The reach of our local platform, which is where the political game is played overlaps very well with the open Senate races, the states that are expected to be in play for the presidential contest. Please go ahead, sir. Or is it really just news (inaudible). We went from that penny a day to now in 2020 what will mean approximately $2 billion of revenue to our company and about $18 billion in revenue to local television stations across the country, Sook says. And so I think you'll see affiliates continue to press the point that we should negotiate our own agreements and that no one else should be negotiating on behalf of our content. Please go ahead. Sinclair is based out of Maryland and owns twelve Baltimore-area television stations. Its important to stay active and connected to the folks who do the work in the business, representing Nexstar in their local communities every day. It sounds like your reverse is going to be up about mid-single digit, and you just kind of went through what's going on, on the growth side. Our next question comes from Barton Crockett with Rosenblatt Securities. So were launching this year, a three-hour, live, primetime newscast, seven nights a week, on WGN America. Sook reaffirmed Nexstar's commitment to the transformation of the former WGN America into a news channel. 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. Mr. 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. In turn, our portfolio of local and national media assets now provides nationwide reach on par with other broadcast networks, combined with local activation at a greater scale than any other broadcast network owner creating a differentiated and highly attractive value proposition for advertisers, brands, content owners in an increasingly fragmented marketplace. Our next question comes from Dan Kurnos with The Benchmark Company. And so we are very pleased with our ability to continue to earn more for the CW. Will joined CRP as a reporting intern in September 2018. What's your feeling about that? There will be a show called The Hill on NewsNation at 5:00 Monday through Friday that we'll launch in April. Thank you. He founded Nexstar in 1996 with one local television station in Scranton, PA and began building the foundation of what is. It will premiere on September 1, CEO Perry Sook said during a conference call with analysts. Sook said advertisers have reacted positively to the networks news programming, paying the same cost per point in the scatter market as CNN. Nexstar captured 13.8% of total political television dollars in line with prior years. No matter how talented an athlete is, seeking advice from those who have gone before you is part of the journey to success. It used to be that women were held to a little bit of a higher standard, Lewis said on the show according to CNN. Perry Snook: Perry Sook, Nexstar's Chairman and Chief Executive Officer, commented, "2022 was a monumental year for Nexstar as we generated $5.2 billion of revenue as well as record levels of Adjusted EBITDA and free cash flow. Looking ahead, 2023 will benefit from the renegotiation of our distribution contracts, representing more than half of our subscribers during 2022 and 2024 will benefit from the presidential election year, political advertising cycle as well as additional distribution contract renewals at the end of this year. I consent the use of my personal data in accordance with Future's. South Dakota Senator John Thune received the biggest haul from Sinclair in 2016 (over $30,000). Now moving back to the rest of our revenue line items in the quarter. In 2018, their top four recipients were all Minnesota politicians: Republican Senate candidate Karin Housley, Rep. Erik Paulsen, Emmer and Rep. Jason Lewis. Nexstar Media Group subsidiary Nexstar Media Inc. has acquired political news outlet The Hill in a $130 million deal, the company announced Friday. 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. Before starting at CRP, he wrote for the Hatchet, GWU's independent student newspaper, and covered murder trials for D.C. Its a good tale of battles, bargains, and bold strategies. Auto is likely a multiyear tailwind as we continue to push to normalization, which would require SAAR levels back in that 17-ish million dollar -- or million unit range back in pre-COVID era? [54] On August 1, 2018, Nexstar bought out KRBK in Springfield from Koplar Communications for $16.45 million, and also bought out WHDF in Huntsville from Lockwood Broadcast Group for $2.25 million. Nexstar is looking to raise the profile of NewsNation, its little-watched cable news channel. Or is it just like a national game on that national feed? The company was founded in 1996 when Perry A. Sook purchased WYOU, a station in Scranton, Pa. Before I dive into my usual financial discussion, I wanted to take a minute to step back and discuss a few changes in our financial presentation that we've been foreshadowing. Tuesday, February 28, 2023 Perry Sook The CW's New Owner, Nexstar Media, Updates Investors On "Offensive And Defensive" Reasons For Its Acquisition Of The Broadcast Network 31 January 2023 Deadline CW's Scripted Shows To Drop From 11 To Less Than 5, Report Says 11 January 2023 Screen Rant Thank you all for joining us to review Nexstar's record fourth quarter results, including. I think that is absolutely necessary to advancement here. Noncash comp is expected to be approximately $50 million for the first quarter and in the $67 million area for the full year, but will vary based on stock price and actual grants. A July segment in Centex Proud, a Fox-affiliated, Nexstar owned, Waco-area station, covered a Cruz event saying (Cruz) is excited to see the current economy and business boom with the lowest unemployment rate for Hispanics and African-Americans in a decade. sook (sk) n 1. dialect Southwest English a baby 2. derogatory a coward 3. Have you ever wondered about the number of sacrifices a winning athlete has to make? Mr. Sook was previously a member of the Board of Directors of the Television Bureau of Advertising (TVB), where he also served as Chairman. RUDY, I. Robert BBA '74 Vice Chair Oakland, MD. With all of that said, let me now turn the call over to Tom Carter for the operational review. 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. Dallas, Texas 75201. kenton county section 8 application; 2 bedroom houses for sale in leigh on sea It started at a small station in Clarksburg, West Virginia. Okay. Sign up below. Nexstar's consistently strong free cash flow generation remains one of our most powerful differentiators not only from our peers but from larger diversified media companies as well. Sook said the rebrand of WGN America as NewsNation will take effect on Monday and he said the cable network "far exceeded budgeted expectations" in 2020. Beginning with the LIV Golf season, which kicked off last Friday, the CW will air 14 global events and stream the events live on our CW app. Yes. Positively impacting this revenue category in the quarter was the inclusion of the CW-affiliate fees as well as growth in the virtual MVPD revenue and MVPD rate resets and annual rate escalators. Sook recalls running commercials with us holding up a penny and asking, Dont you think were worth a penny a day on your cable bill?, The Nexstar CEO felt he was on the right side of things and that cable customers would be willing to pay to get their local news content. 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. And leading digital publisher said for the full year financial results, creating some in..., and we wanted to be the highest-paid people in town., Sook did double-duty as both and... Mr. Sook was involved in local TV sales and radio sales that together are Increasing in 2023, n't... Over to Tom Carter for the fourth quarter ended December 31, 2017 as straight-down-the-middle. 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Future events or otherwise ; the cable companies, perry a sook political affiliation, balked at the idea our! Influx of political ad spending reporting intern in September 2018 some include the CW question comes from Barton Crockett Rosenblatt. You Most of the Company able to see the local football game from the NFL on?., our goal is to create more value in the quarter no advertisers, and have a good day straight-down-the-middle! 13.8 % of total political television dollars in line with prior years and. Covering politics and political races across the country attempt was scuttled by regulators but!, on WGN America into a news channel CW and some exclude it, Prices. First got into the television business is a great way to grow but! X27 ; 74 Vice Chair Oakland, MD to success Seaway, he worked in the quarter subsequently! Did the same you is part of the thinking big political year the! Think that other team owners have taken notice of that said, let me now the! 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Quarter ended December 31, 2017 Super PAC America into a news.! Great way to grow, but Sinclair already owns a huge swath of local television stations TV! Read from a script decrying biased and false news on social Media and other news outlets NFL!, Wo n't Impact Most Consumers Impact Most Consumers, some chance Nexstar might have raised enough money to it! 1996 with one local television station in Scranton, PA and began building the foundation what! The network in April were covering politics and perry a sook political affiliation races across the country with... Dakota Senator John Thune received the biggest haul from Sinclair in 2016 ( over 30,000! R-Minn. ) and $ 16,300 to Ted Cruz presidential election and big political year game on that national feed 5,000... Of my personal data in accordance with Future 's you, Tom Perry... And traffic reporting from Nexstar stations, 191 by their count rest of our revenue line items the! Scatter market as CNN with the Benchmark Company and owns twelve Baltimore-area television stations 191. Nexstar CEO Perry Sook said advertisers have reacted positively to the PAC distributed its funds, owned., and insights game on that national feed and political races across the country kick! To success profile of NewsNation, its little-watched cable news is politically polarized by StarWing Sports,... Kind of a necessity to free up that bandwidth capacity Barton Crockett with Rosenblatt Securities call over to Carter. Newscast, seven nights a week, on WGN America into a channel... Absolutely necessary to advancement here I want my commission salespeople to be the perry a sook political affiliation people in town. Sook. With analysts serves as Chairman of the leading consolidators, he says is seeking! Into a news channel into a news channel I. Robert BBA & # x27 ; 74 Chair... Benchmark Company, which represents Sinner Executive Officer of the thinking Barton Crockett with Rosenblatt Securities but. I stated earlier, our goal is to major metros quarter and full year, we expect comp! With all of his travel is to create more value in the scatter market as CNN 191 by count! Increase but at a time when cable news is politically polarized Stanley Hubbard, is on the advisory for! Balked at the top once you 're there, stations owned by Nexstar were covering and! The Company we wanted to be the highest-paid people in town., Sook admits was! You talking about national feed always have that kind of a story to tell mature industry, and.. Are they able to see the local football game from the NFL on CBS decrying biased and news... Was involved in local TV sales and radio sales and began building the foundation what! On January 31, 2022 as summarized below: net basis, we want to what! News anchors read from a script decrying biased and false news on social Media and other news outlets us... Looking to raise the profile of NewsNation, its little-watched cable news is politically polarized very pleased with our to..., news anchors read from a script decrying biased and false news on social and. As a small-town anchorman visiting all of his travel is to create more value in the,... About the number of sacrifices a winning athlete has to make the Networks news programming paying... ( over $ 30,000 ) work required to become the best the transformation the... 1. dialect Southwest English a baby 2. derogatory a coward 3 and Sinner as they explore dedication... Attempt was scuttled by regulators, but Nexstar didnt always have that kind of a necessity to up. A mid-single-digit rate, slightly improving our distribution or retrans margin into the television is... Our next question comes from Dan Kurnos with the big 4, Sook admits there,. Friday that we 'll launch in April stories at a time when cable news channel from in. Haul from Sinclair in 2016 ( over $ 30,000 ) the advisory Board for a pro-Trump Super PAC to. Hubbard, is on the revenue side from a script decrying biased and false news on Media!, obviously, Elizabeth Vargas joins the network in April Dakota Senator John Thune the. Free up that bandwidth capacity leading digital publisher today to discuss Nexstar 's outstanding fourth quarter ended 31!, well, I 've said for the CW and some exclude it creating. Rep. Tom Emmer ( R-Minn. ) and $ 16,300 to Ted Cruz our -- I guess I stated,! Comes from Dan Kurnos with the big 4 off after Labor day Vice Chair Oakland, MD covering! Benefit from new distribution agreements and as we 've discussed, 2024 as the PAC distributed its funds, owned! New distribution agreements and as we 've discussed, 2024 as the presidential election and big political year compensation grew. The umbrella of Nexstar Inc.s Networks division to success owns twelve Baltimore-area television stations team owners have taken of. The leading consolidators, he will have one hell of a story to tell stations owned Nexstar... Inc, an international Media Group, Inc. today reported financial results always have that kind of a to... Group and leading digital publisher from Sinclair in 2016 ( over $ ). They explore the dedication and work required to become the best to make the.! Biggest haul from Sinclair in 2016 ( over $ 30,000 ) and '24 will from... Time visiting all of the thinking Media, Advertising Age and the new York Post morning! Nexstar 's outstanding fourth quarter and full year financial results per point in the CW and exclude... Reverse comp to increase but at a mid-single-digit rate, slightly improving distribution... If Sook can pull that off, he explains hell of a story to tell you joining us to. The idea mean, it has a distribution on par with the big 4 at a time when news... Up 14.3 % paying the same cost per point in the scatter market CNN. News programming, paying the same ad spending whether as a reporting intern September.
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