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The local TV giant Nexstar has signed its chairman and CEO Perry Sook to a new employment contract, one that will keep the executive at the helm of the company through March 2029. Sook, who founded Nexstar in 1996, is also the third largest shareholder in the company after the institutional firms Blackrock and Vanguard,…
The CW-parent Nexstar Media Group has applauded the recently-struck new carriage agreement between the Walt Disney Co. and Charter Communications as a positive for future content deals for Disney and other entertainment giants. Nexstar president Michael Biard told the UBS Annual Global TMT Conference the new Charter bundle after the carriage deal with Walt Disney…
The CW continues to lose money, with a net loss of $78 million in the second quarter, however its finances continue to improve, and as executives at Nexstar appear increasingly confident in their strategy to turn the network around. In Nexstar’s Q2 earnings report, the local TV station giant spent some time discussing The CW,…
More than 10 million DirecTV subscribers have lost local TV stations owned by Nexstar, in the latest high-profile carriage dispute to permeate the pay-TV business. The latest battle is between DirecTV, the satellite TV giant, and Nexstar, the local TV giant that owns some 159 TV stations across the country. Nexstar said Sunday that its channels…
Walker: Independence is no more. The CW has opted to cancel the prequel to the network’s Walker reboot after a single season. The series starring Katherine McNamara was the last of The CW’s bubble shows from CBS Studios. The news comes mere minutes after the Jared Padalecki-led Walker was renewed for an abbreviated 13-episode fourth…
The CW Guts Development, Current Departments in Latest Shift Away From Scripted Originals (Exclusive) The CW, in its latest shift away from scripted originals, is dismantling its current programming department. Sources tell The Hollywood Reporter that exec vp current programming Michael Roberts and exec vp development Gaye Hirsch — two of The CW’s remaining most…
The CW Makes it Official: Saudi-Backed LIV Golf League Inks Multi-Year TV Deal with Nexstar-Owned Network The CW is officially getting into the LIV Golf business. The Nexstar-owned broadcast network has signed a multi-year deal with the startup golf association, which is backed by Saudi Arabia’s Public Investment Fund. Under the terms of the deal…
Saudi-Backed LIV Golf Tour “Very Close” to TV Deal With The CW After a rocky rollout, the LIV Golf tour is closing in on its first U.S. national TV deal. A source familiar with the talks tells The Hollywood Reporter that the Saudi Arabia-backed golf tour is “very close” to a TV deal with The…
Nexstar’s Next Battle: Making The CW Numbers Work In the end, Nexstar was paid $54 million to take The CW off of Paramount and Warner Bros. Discovery’s hands. Actually, that’s an oversimplification. In fact, Nexstar, led by CEO Perry Sook, was given its 75 percent stake in the network for free, but after factoring in…
The CW’s ‘Nancy Drew’ to End With Season 4 Nancy Drew is sticking around The CW for one last case. The drama starring Kennedy McMann as the teen sleuth will end with its upcoming fourth season on the broadcast network that is now owned by station group Nexstar. Sources say cast and crew were informed…