No, Craig, it's really interesting. Are your MVPDs kind of happy to pay you a higher affiliate fee for the CW now that you're pairing it with broadcast stations or any other kind of context you could put around that statement and whether or not that's been an incremental surprise or that was always part of the thinking when you bought the CW? Blackburn got $5,700 and Arizona Senate candidate Joe Arpaio got $2,000. They're fielding tons of pitches. Pelosi even gave the station an exclusive interview. The founder, chairman, president, and CEO of Nexstar is Perry A. Sook. Just some nitpick questions, if I could start off with on the CW. Yes, I'm talking about like if I was a Fubo subscriber in Portland where you have the coin station, can I see the Seahawks on Sunday on CBS or not? Political ideologies are concepts that have become more visible with the rise of social media. Sook graduated from Ohio University and currently serves as chairman of The Ohio University Foundation Board of Trustees. Nexstar also closed its acquisition of The CW last quarter, bringing the . In 2009, with the recession underway, Nexstar found itself trying to work with another media group. 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. This is extremely dangerous to a democracy.. So -- but I think if the public and private sector can sit down and talk about this holistically and kick around ideas, and I think that's coming. Van Hollen appeared on another Your Voice segment in April 2018. Today's call is being recorded. 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The remainder of our attributable free cash flow went to repay debt. And then switching to ATSC. Revenue rose to $1.25 billion, up 10%, from [] In 2018, their top four recipients were all Minnesota politicians: Republican Senate candidate Karin Housley, Rep. Erik Paulsen, Emmer and Rep. Jason Lewis. grand river waterfront homes for sale; valentine michael manson; 29. There are 2 topics I just wanted to ask a little bit about the -- first on this national feed. The present study examined how self-rated health was influenced by sociodemographic characteristics, physical health indicators, and sociocultural resources among four racial/ethnic groups of older. According to the Washington Post, Sinclair stations ran fifteen exclusive interviews with Trump and did none with Hillary Clinton. You want to know what the distribution revenue was excluding the CW? And so that will be the big lift, and we'll have that piece done by the end of 2024 and then we'll be a 24/7 cable news network. So, yeah, its a point of frustration for me, because the performance has been there.. Next steps for us, obviously, Elizabeth Vargas joins the network in April. We look forward to speaking to you again soon when we report our first quarter 2023 results. I know that was also, I think, mid-teens at that point. Before Nexstar sealed the deal to acquire Tribune, Sinclair tried to make the same purchase. And I think that the prior guidance was mid-teens. WGN-TV quoted Uptons criticisms of the Affordable Care Act and its rollout in 2013. And I would tell you, without it, wed be in worse shape than the newspaper business.. . We're about to begin our annual shareholder outreach initiative where we discuss our initiatives and hear feedback from our top shareholders. and House Majority Leader Kevin McCarthy (R-Calif.) in 2018. Nexstar plunked down $130 million bucks to buy the political website The Hill. Who's Nexstar CEO Perry Sook? 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. And we need that, too. And we'll continue to look for additional sports opportunities that may or may not be on weekend afternoons, may bleed into prime time upon occasion. Turning to political advertising. I just -- yes, please. Political Advertising Revenue 265.9 18.9 . Even if the rip n read world fit him, the environment at the station did not. Yes. Nexstar Media Groups PAC, for instance, has steadily ramped up its spending on political causes from 2014, with $27,100 spent that year, $95,700 spent in 2016 and $196,500 in 2018. National will be down a low double-digit amount. And then lastly, just on sports content. Nexstar CEO Perry Sook (Image credit: Nexstar) "When we launched NewsNation, 10% of the country knew what NewsNation was," Sook told analysts and investors. So, heres a glance at the owner of NewsNation. His shoulders are big and broad and more befitting an NFL tight end than a 62-year-old CEO. His first sales job took him to a small radio station with a daytime-only signal in Kissimmee, Florida. Okay. So it's really a dichotomy where Main Street is coping and surviving just fine, and it's more the national advertisers that have pulled back on their spending in anticipation of a weakness in consumer spending, which at this point has not manifested itself in our numbers or at the local level. Nexstar's outstanding debt as of December 31, 2021, was $6.95 billion, down from $7.41 billion at year-end last year. And between our stations and our paid media, it's approximately $100 million investment through the balance of the year that will attempt to raise our profile, raise our awareness level and continue to expose what I feel is the top-tier level of talent that we have on the network. August 21, 2021 / Scott Jones. We also believe it is important to do so since we view the near-term losses of the CW as a proxy for purchase price, and we intend to bring the asset to profitability by 2025. We required modesty from women. There was a time when Nexstar CEO Perry Sook said that his company was all about being local and that was the most important thing. May The weakness we see is in national where national advertisers that obviously aren't as close to the end user and customer have paused or reduced spending due to a potential weakness in consumers going forward. At the time, Nexstar CEO Perry Sook assured employees in a town hall meeting that the network would be "centrist." Some staffers griped to the New York Times that a NewsNation anchor gave. They also gave $5,700 to Rep. Greg Gianforte, who became well known nationally after physically assaulting a reporter. ), Deb Fischer (R-Neb.) Mr. Sook is also a member of the Board of Directors of the Television Bureau of Advertising (TVB), where he formerly served as Chairman. Our weatherboard was a map of the United States that you literally put color forms onyou know, like the rubber things that stick. These are results driven professionals who share our excitement and our vision for the network and we continue to expect to achieve profitability by 2025. Thank you, Tom, and good morning, everyone. Nexstars $7.1 billion purchase of Tribune Media changed everything. Of that sum, $200,000 came from the company itself, $150,000 from individuals within the company. Our next question comes from Barton Crockett with Rosenblatt Securities. Nexstar Media Group owns NewsNation. Currently, the individual network affiliate Boards lead the discussions with the networks on behalf of their respective affiliates, which include station groups like Nexstar to opt in or out of virtual MVPD agreements. The CW generates revenue primarily from national television and digital advertising, distribution fees from affiliates and virtual MVPDs as well as some short-term continuing revenue from licensing content to an SVOD player. As you'll be able to read in our report, throughout 2022, we executed on several ESG initiatives, including eliminating our Class B and Class C shares, which cleared the way for our inclusion in the S&P 400 Index. We ended up with one guy standing. And then just a second question here. 2022 Foundation Trustees. Lazarus is a former chief of staff to the chairman of the FCC. 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. Political ad revenue of $266 million, up 1,307%. So, who owns NewsNation? In the latest of my series of Legends & Leaders interviews with media industry leaders, Nexstar CEO Perry Sook shares context on the decision to convert WGN America to NewsNation, including details on how 198 Nexstar TV stations and 5,500 journalists feed, support and promote the fledgling news network. Under Nexstar Media Group is its subsidiary Nexstar Inc., which operates Broadcasting, Digital, and Networks divisions. In the fourth quarter, yes. 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 . Core advertising revenue was $478 million (down 3.3 percent year over year), while political advertising revenue was $266 million (up 1,307 percent). I realized that there were 10,000 guys like me for every Walter Cronkite, Sook says. It started at a small station in Clarksburg, West Virginia. In the 2000s, Sinclair had a similar a must-run segment called The Point, hosted by a Sinclair lobbyist and ex-Navy intelligence officer. Yes, we are not back to 2019 levels yet. I think you'll see some higher profile programming there, certainly in the unscripted than you have seen historically. As always, Tom and Perry gave you most of the details on the revenue side. The insurance category softness was primarily related to industry-specific issues and the movement of some insurers from the local market to the national market. meanwhile received $9,100. So maybe as expected, Tom, hoping we could just unpack some of the things you went through on retrans a little bit. Nexstar Media Group, Inc. (NXST) SEC Filing 8-K Material Event for the period ending Tuesday, February 28, 2023 A member of TVB's board of directors since 2000, Sook assumes the chairman's position previously held by Michael J . I knew the quickest road to management, and management to ownership, was through sales.. He is past Chairman of the CBS Affiliate Board. Yes. Perry A. Sook -- Chairman and Chief Executive Offcier Thank you, Joseph, and good morning, everyone. Latest Company & Industry Overviews News and Updates. Outside of the huge Chicago-based cable network WGN America, most of its 196 stations are ABC, CBS, Fox, CW, and NBC affiliates in small and midsize markets. That's job one." Perhaps the most explicitly pro-Trump company in local television is Minnesota-based Hubbard Broadcasting. So you'll see our net retrans margin increase. In summary, we remain confident in our strategy, the quality of our assets and the strength of our financial position. SOOK, Perry A. BSC '80 Chairperson Southlake, TX. 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