Jennifer Maas TV Business Writer Nexstar reported its fourth-quarter 2023 earnings Wednesday, revealing its TV ad sales were down 36% from Oct.
1- Dec. 31. In the same period, Nexstar’s losses at the CW narrowed to $52 million from $60 million in Q3. That marks a 45% improvement in the network’s losses (down from $94 million) since Q4 of 2022, when the CW was formally acquired by Nexstar from Paramount Global and Warner Bros.
Discovery. Nexstar’s core ad sales were $449 million in Q4, a decrease of 5.9% from the comparable year-ago quarter. Political ad sales fell 88.7% to $30 million from $266 million in 2022, when midterm elections spiked that categories revenue.
Total TV ad sales were $479 million, down 36% year-over-year from $743 million. Distribution revenue grew 14.3% ($704 million vs. $616 million), digital dropped 5.4% ($106 million vs. $112 million) and “other” revenue dipped 6.3% ($15 million vs. $16 million).
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.