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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Nexstar Q3 Earnings: TV Ad Sales Down 23%, The CW Network Losses Narrow

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variety.com

Jennifer Maas TV Business Writer Nexstar reported its third-quarter 2023 earnings Wednesday, revealing TV ad revenue was down overall 23% for the July-September quarter.

Meanwhile, the CW network made quarter-over-quarter progress on its path to profitability by narrowing its losses to $60 million.

For the CW, which was formally acquired by Nexstar in October 2022 from Paramount Global and Warner Bros. Discovery, a year-over-year comparison can’t be drawn based on the lack of financial results disclosed publicly by its former parent companies.

But it’s long been known the old CW was not profitable, and this $60 million is an improvement over the $78 million loss the network posted in Q2 and the $83 million loss in Q1.

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