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 by sources at the network, whose longtime CEO, Mark Pedowitz, announced this morning he is stepping … Read entire story.
Source: Deadline
Nexstar Media Group, the No. 1 owner of local TV stations in the U.S., weathered the absence of political advertising in the fourth quarter to post better-than-expected results. Total revenue of $1.245 billion in the quarter ending December 31 slid almost 10% from the same period in 2020, but it … Read entire story.
Source: Deadline
Broadcaster Nexstar Media said Friday it’s buying The Hill, a leading purveyor of Beltway news, for $130 million as it expands in digital content. The Hill had 48 million average monthly users and 2.2 billion total pageviews in 2020 according to Comscore and attracted more than 4 million followers and 914 million video views … Read entire story.
Source: Deadline
Tribune Media shareholders overwhelmingly approved the company’s plan to be acquired by Nexstar Media Group during a special meeting today. The $4.1 billion proposal won the OK of more than 95% percent of the votes cast by the Company’s Class A common stockholders and Class B common stockholders, who … Read entire story.
Source: Deadline
After a nearly two-year odyssey of waiting for its acquisition ship to come in, Tribune Media is getting full credit from Wall Street for finally finding a home with Nexstar Media. After the companies’ $4.1 billion combination was announced this morning, Tribune stock jumped 10% in early trading to … Read entire story.
Source: Deadline