It seems like you're pretty much through with the reshaping process there. But yes, that is what people want us for is the local content. And so we're interested and quite frankly, very pleased with the reception we've had in the marketplace that there may be another voice out there, another national opportunity for distribution over the air and through the broadcast model. We firmly believe that we should control our own destiny with regard to the virtual MVPDs instead of allowing the network to negotiate on our behalf. Before handing the call over to Tom, I want to briefly touch on a few updates on our organic growth prospects. Sook reaffirmed Nexstar's commitment to the transformation of the former WGN America into a news channel. I want my commission salespeople to be the, Nexstars $7.1 billion purchase of Tribune Media changed everything. Revenue rose to $1.25 billion, up 10%, from [] And they see the customer at the checkout counter or at the cash register, and they know that local consumers are spending and have factored in 7% mortgages and $3 and $4 gasoline into their daily lives. Our capital allocation priorities remain focused on value-enhancing organic initiatives in our business, accretive M&A, modest deleveraging and shareholder returns through a mix of dividends and share repurchases. And then, Perry, you mentioned that the recent distribution renewals effectively have paid for the CW deal. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Just some nitpick questions, if I could start off with on the CW. And so I think you'll see affiliates continue to press the point that we should negotiate our own agreements and that no one else should be negotiating on behalf of our content. During commercial breaks, Id have to get up and adjust my own camera, he says. We also have begun to execute on our cost savings plan by reducing redundant functions at the network, and we've hired new top-tier executives with backgrounds at Fox, NBCUniversal, HBO, Pop TV and Google to lead our programming and distribution strategies. To that end, on the cover of our earnings release and in the tables at the back of the release, you will be able to find selected financial metrics for Nexstar on a consolidated basis, for Nexstar, excluding the CW and also for the CW on a stand-alone basis. That number has been corrected to $9,100. Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Sues Paramount, Claims It Reneged on $500 Million 'South Park' Licensing Deal, CBS Plans Primetime Special To Mark James Corden Signing Off, Byron Allen To Be Honored At Harvard Business School, FCC Designates Standard General-Tegna Deal for Hearing. Witness, a nonprofit blog that tracks homicides. Another $2,000 went to Sen. Orrin Hatch (R-Utah) and $1000 went to Sen. Kamala Harris (D-Calif.). NY 10036. Over the last 10 years, Nexstar has managed a jaw-dropping return of nearly 3,000 percent. I think that is absolutely necessary to advancement here. A Texas native and University of Oklahoma Alum, Perry now lives in New York City. We also have multiple organic growth drivers, including NewsNation, the CW and ATSC 3.0 that are being positioned to generate material growth for Nexstar in the future. Watch for more news articles, provided throughout the day courtesy of TradingCharts So we believe the first half will be more like mid-single digits, and then it will grow again to the full year expectations in the back half of the year. Democratic SenatorChris Van Hollen (Md.) How would you gauge the risk, I guess, that the impasse with CBS over FuboTV carries over to the other vMVPDs like YouTube TV, Hulu TV, Sling TV? Sook, who was born in DuBois, Pennsylvania, and earned a degree from the Scripps College of Communication at Ohio University, certainly looks the part. A former small-town anchorman, Nexstar Media Groups Perry Sook owns more television stations than anyone else in the country. In retrospect, Sook admits there was, perhaps, some chance Nexstar might have raised enough money to buy WBRE. Curious if you could size that up a bit. One segment, run by Nexstar-owned WATE in Knoxville, Tennessee, focused on an anti-Phil Bredesen ad that was censored by Facebook. And important for us, the linear broadcast ratings increased 21% from Saturday to Sunday, so all of which is to say those numbers exceeded our expectations. So maybe you could just put a little more context. Are those negotiations coming up at all? We have developed these audiences over decades by consistently providing top-rated local news, sports and entertainment content. Perry Sook, president and CEO of Texas-based Nexstar Media Group, is a seasoned broadcast TV executive who steered Nexstar 's $4.1 billion acquisition of Tribune Media. 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. Sook spends a great deal of time sorting through financial matters in New York and meeting with regulators in Washington, D.C. NewsNation aired an interview with President Donald Trump in September 2020. And we've seen a lot of our competitors in the media industry with broadcast assets take notice suddenly remembering the lion's share of their revenue and profit come from that tried and true effective and profitable broadcast media. Overall, for the year, cash operating taxes were $334.1 million for Nexstar, excluding CW, implying a 25.5% pretax income rate and $321.9 million, including the tax benefit from the CW attributable tax deductible losses. And given the weighting of those numbers, we see, again, kind of a low single-digit decline year-over-year is what we're forecasting currently. Using the Wayback Machine to return to October 2008, one can see Tribunes official endorsement of Obama for president on the WGN-TV website. Well, I think we gave that. And I think for the long-term health of the local ecosystem, we talk to people at Roku, at Fubo, at other virtual MVPDs, and we asked them, what are they watching? We've been able to substantially grow our distribution revenue because of news content and being 1 of 5 networks rather than 1 of 100 general entertainment networks. And are making choices and maybe moving some of that spending and you're seeing higher net worth customers showing up at Walmart to buy some -- buy their basic items. The San Francisco station, KRON4, has run stories on both Pelosi and Feinstein. The smarter way to stay on top of broadcasting and cable industry. LIV Golf was viewed by over 1.4 million total viewers across both the CW linear network as well as our digital platform, the CW app, compared to the average linear golf game on television year-to-date. And then switching to ATSC. The report also contains disclosures for Nexstar as suggested for companies in the media and entertainment industry by Sustainability Accounting Standard Board, or SASB. It's a single-digit amount. Great. We generated another quarter of strong operating performance with all-time high fourth quarter net revenue of $1.49 billion. It started at a small station in Clarksburg, West Virginia. So it's not an inconsequential number. And so it's selling very well and I think we'll continue to grow as we get more into the season and more involved. Before being recruited to run Seaway, he worked in the . We haven't announced yet that I think will be of interest. I didn't give a specific, but it will be higher than the revenue growth. Lee Ann? He founded Nexstar in 1996 with one local television station in Scranton, PA, and began building the foundation of what became one of the world's leading local marketing and content companies, leveraging localism to bring new services and value to consumers and advertisers across its traditional media, digital and mobile media platforms. Or any difference in rates that you're achieving or anything else we need to think about? His first sales job took him to a small radio station with a daytime-only signal in Kissimmee, Florida. We expect Nexstar's cash interest expense to approximate $110 million for the first quarter and $450 million for the year, reflecting current forward curve and expectations for debt repayment. Cash interest expense was $100 million for the quarter and $323.6 million for the year, slightly lower than our $326 million expectation at the last call due to the impact of the -- of actual versus projected yield curve and debt repayment. Based in Irving, TX, Nexstar trades on NASDAQ under the symbol "NXST".Following the $7.1 billion accretive acquisition of Tribune Media and the $4.6 billion accretive acquisition of Media General, Nexstar Media Group, Inc. is the largest local broadcast television operator in the United States, with 199 stations reaching 116 markets, or more than 68% of all television households, and annual revenue in excess of $4.5 billion. This year, we prepared an ESG report, which will be available on our website, outlining key principles, policies and action. Political Advertising Revenue 265.9 18.9 . Well, I think it was all part of the thinking. They also own a station in San Francisco where Nancy Pelosi is the congressperson for the 12th district and where Dianne Feinstein was mayor in the 80s. According to Kantar, total gross political advertising on all media was up a record 3% over 2020 and up significantly compared to 2018, driven in large part by more competitive races in 2022 in the impact of sports betting propositions in California. I mean can you generate revenues that are meaningful without that? Fox Board's Failure; McCarthy Pressed on Tucker Handout; Lord of the Studios 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 . Jennifer Nettles & Kristian Bush of Sugarland 6. Aerosmith co-founder Joe Perry isn't at all cagey about his political beliefs or his stance on issues. I know that our affiliates in CW affiliates in the top 10 markets generated about 3x the amount of money that the network generated for this first outing. Seasonally attributable metric is a good proxy for the cash flow available to be reinvested to be used to repay debt or return to shareholders. After the morning show launches in September, Sook said the focus is filling out the rest of the broadcast schedule with news, starting with weekdays in 2022 and weekends in 2023. How do you see that kind of opportunity between both local stations and the CW? That didnt leave time for much else. His name is Trump. Or there is still significant room to run on auto getting back to maybe a more normalized rate in that 2019 pre-COVID era? Contrary to the networks narrative, the virtual MVPDs want local news and local content because it's sought out by the viewers. Sources tell FTVLive that CBS will decline running the Saudi-backed LIV Golf Tour on the CW stations that CBS owns. It sounds like your reverse is going to be up about mid-single digit, and you just kind of went through what's going on, on the growth side. In 2014, Sinclair gave Mikulski $25,000. Okay. Even if the rip n read world fit him, the environment at the station did not. Regular cars couldnt climb the muddy, steep hill. KTSM, an El Paso, Texas station owned by Nexstar, re-ran an article from the Texas Tribune exploring the effect of Hispanic identity on the Senatorial race that pitted Beto ORourke against Cruz. We have 1,800 salespeople that call on small and midsize businesses in 63 percent of the country, he says. In most cases,it is difficult to say whether these companies political activities cross-pollinate with their journalism and business dealings, but future controversies akin to the Sinclair must-run scandal could continue to increase the visibility of the companies behind these local stations and erode Americans faith in yet another source of news. Consistent with our capital allocation priorities and focus on enhancing shareholder value, in January, the Board of Directors increased Nexstar's quarterly cash dividend by 50% to $1.35 per share per quarter, substantially exceeding our historical compound annual dividend growth rate of 25%. He collects firearms, and in response to questions that are not at all explicitly about. On a consolidated basis, fourth quarter adjusted EBITDA increased 19.8% over the prior year to $598.2 million, representing a 40.2% margin and fourth quarter attributable free cash flow increased 27.8% to $422.1 million. Sook recalls running commercials with us holding up a penny and asking, Dont you think were worth a penny a day on your cable bill?, The Nexstar CEO felt he was on the right side of things and that cable customers would be willing to pay to get their local news content. And they say, the locals. The -- there are lots of discussions. South Dakota Senator John Thune received the biggest haul from Sinclair in 2016 (over $30,000). Latest Company & Industry Overviews News and Updates. We had two separate studios for local news, two different on-air staffs, and two separate sales forces. Nexstars $7.1 billion purchase of Tribune Media changed everything. Full year net revenue, adjusted EBITDA and attributable free cash flow reached new all-time highs. It was basically like running two newspapers off of a single printing press, Sook says. 20005. So free cash flow is deployed in the form of reinvestment, debt repayment, dividends and share repurchases. Hear the latest economic, business and market news, as well as global, national, and local news. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. I think our Clippers deal with Steve Ballmer and the Clippers putting a group of games on broadcast exclusively to expose that to the part of the market that is not inside the pay-TV universe kind of broke the seal. Nexstar's consistently strong free cash flow generation remains one of our most powerful differentiators not only from our peers but from larger diversified media companies as well. Our next question comes from Nick Zangler with Stephens. But that doesnt seem to be whats happening, Sook says. It starts back in 1996 when he bought WYOU, a little pissant TV station in Scranton, Pennsylvania. The show has hired a staff of 30, including on-air talent. The proposed terms were below market, and as a result, CBS-affiliated stations, including Nexstar, remain off the air on that platform. And at that point, obviously, we're getting higher cost per thousands in news programming than we did in off-network programming. Perry A. Sook, the Founder, Chairman, President and CEO of Nexstar Broadcasting Group, Inc. (NXST) Interviews with the Wall Street Transcript HOME MAIL NEWS FINANCE SPORTS ENTERTAINMENT LIFE. He says Texas is prospering because of this, and now says its time to complete the jobs underway.. Nexstar took control of The CW and signed a . So is the change to the implied net just the difference in gross or anything else on the reverse comp side? In addition, for purposes of our credit agreement and indentures, we have designated the CW as an unrestricted subsidiary, and it is not included for purposes of calculating our covenants. Well, I mean, we have revenues from our spectrum right now is primarily in the form of multicast revenue and leasing spectrum to people for their multicast distribution. (Podcast). It was interesting Sinclair was talking a little bit about their feeling about the importance of getting the FCC to move so that you can shut down the legacy stations, the ATSC 1.0 to get really enough kind of capacity to generate meaningful revenues off of this. Trusted News Discovery Since 2008. It will originate from WGN in Chicago and. [53] The sale was completed on January 31, 2017. On a net basis, we expect reverse comp to increase but at a mid-single-digit rate, slightly improving our distribution or retrans margin. Weve made three dozen separate acquisitionssome small, some very large, he begins. WGN-TV quoted Uptons criticisms of the Affordable Care Act and its rollout in 2013. Mr. Sook, 30, who is from Texas, was then a Broadway performer and is now a sportscaster. So, who owns NewsNation? And then if you get some of the current blackout renewals done, then accelerates into that new guidance. Please refresh the page and try again. Or am I giving some national game like the (inaudible). Local television broadcasting generated $2.4 billion in gross political ad dollars, a record amount for midterm election, capturing more than 50% of the total spend in 2022, representing a 38% growth over 2018. Gregory Raifman, president of Nexstar Digital, gave $2,500 that year. The remainder of our attributable free cash flow went to repay debt. Sook graduated from Ohio University and currently serves as chairman of The Ohio University Foundation Board of Trustees. Note: Due to errors with CRP data obtained from the FEC that triple-countedcontributions, it was originally reported that Sen. Chris Van Hollen received$28,000 from Sinclair affiliates and its PAC. Operationally, in the fourth quarter, we renewed and extended our network affiliation agreement with ABC on terms favorable to the company, and we successfully renewed and extended distribution agreements with our largest MVPD partners on terms that will enable Nexstar to enjoy continued annual growth in distribution revenue for the foreseeable future. (Bredeson was Blackburns opponent in the 2018 Tennessee Senate race.) He found the perfect candidate for such an arrangement just down the road in Wilkes-Barre, in the form of WBRE-TV. They also gave $5,700 to Rep. Greg Gianforte, who became well known nationally after physically assaulting a reporter. Both Lewis and Paulsen lost their seats in 2018. Last quarter, you announced the Clippers deal. As one of the nation's leading providers of local news, entertainment, sports, lifestyle, and network programming, Nexstar produces and distributes over 275,000 hours of local content per year. Sook was named the 2009 Broadcaster of the Year by Broadcasting and Cable (B&C) and was among the honorees inducted into the B&C Hall of Fame in 2014. Perry Sook The CW's New Owner, Nexstar Media, Updates Investors On "Offensive And Defensive" Reasons For Its Acquisition Of The Broadcast Network 31 January 2023 Deadline CW's Scripted Shows To Drop From 11 To Less Than 5, Report Says 11 January 2023 Screen Rant Yes. 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. Could you talk a little bit about how else you are going to try to navigate that process of changing the content and publicizing the changes in the content to attract the desired audience since that transition could pose its own challenges? And so we are very pleased with our ability to continue to earn more for the CW. There will be a show called The Hill on NewsNation at 5:00 Monday through Friday that we'll launch in April. Positively impacting this revenue category in the quarter was the inclusion of the CW-affiliate fees as well as growth in the virtual MVPD revenue and MVPD rate resets and annual rate escalators. Or is it just like a national game on that national feed? And then just a second question here. Jon has been business editor of Broadcasting+Cable since 2010. And by the end of April, we will have a program schedule that will be News 24/5. . Excluding the CW, digital revenue declined 6.5%. (They gave $5,000 to Marsha Blackburn (R-Tenn.) in the 2018 cycle, but also gave $2,500 to Tammy Baldwin (D-Wis.)). "I really,. Perry A. Sook; Founder, Chairman & CEO; Nexstar Media Group, Inc. Thomas E. Carter; President & COO; Nexstar Media Group, Inc. Barton Evans Crockett; MD & Senior Internet Media Analyst;. In the last two years, shareholders have, by the slimmest of margins, rejected multimillion-dollar compensation packages for the CEO. Sook graduated from Ohio University and currently serves as chairman of The Ohio University. Fourth quarter total interest expense increased to $103.4 million from $70.2 million in the prior quarter due to the impact of increasing LIBOR and SOFR rates applicable to our floating rate debt. Its a publicly-traded company on the Nasdaq under the ticker symbol NXST. Nexstar operates traditional media as well as digital and mobile media platforms. Good luck on Tuesday! the host said as he concluded the interview. Ratings for NewsNations news programming have been dropping all year. That will be followed by Tom's operations review and Lee Ann's financial review, and then we'll open the call for questions from you. According to Open Secrets, Nexstar Media group gave more money to Republicans in the 2018 election cycle (45% to Democrats, 55% to Republicans). So far in Q1 of '23, we're seeing similar results to what we saw in the fourth quarter with this revenue category. How should we think about your willingness to trade off in kind of prime time sort of programming, like how are we thinking about either from a CPM or a viewership perspective, if you wanted to put stuff on CW sort of that trade-off between sort of traditional programming and sports? Other uses of cash included transaction expenses and other working capital items. As such, our net first lien coverage rate -- sorry, our net first lien covenant ratio for Nexstar, excluding the CW at December 31, 2022, was 1.77x, which is well below our first lien only covenant of 4.25x. This continues to be in line with the historical trends with local advertisers maintain more consistent levels of ad spending throughout economic cycles. Expansion through acquisitions is a great way to grow, but Nexstar didnt always have that kind of dough. Hubbard Broadcasting owns the radio station that ran the Jason Lewis Show before Lewis became a congressman. I'll start with a summary of recent highlights and developments. Thomas Carter, the CFO, did the same. Van Hollen appeared on another Your Voice segment in April 2018. Perry Sook is a performer and reporter who simply loves what he does. But our quantum of debt, we don't expect to tick up. Sook said the rebrand of WGN America as NewsNation will take effect on Monday and he said the cable network "far exceeded budgeted expectations" in 2020. Its important that we never lose sight of that, he says. I mean do you think you start revenues from that in 2024, Sinclair was saying that. Overall, our full year top and bottom line performance was led by strong year-over-year growth in political advertising, distribution revenue as well as digital revenue. In March, NewsNation VP of News Jennifer Lyons resigned amid concerns the channel might take a right-wing turn because of low ratings. What is your thought on where the U.S. economy is at right now? We appreciate you joining us today to discuss Nexstar's outstanding fourth quarter and full year financial results. Its important to stay active and connected to the folks who do the work in the business, representing Nexstar in their local communities every day. Mr. Sook also worked briefly as a television news anchor at the CBS affiliate in Clarksburg, WV.In June 2021, Mr. Sook was elected Television Board chair for the National Association of Broadcasters (NAB). We think the CW was undervalued for any number of reasons, mostly related to predecessor owners and parent company priorities and agendas. Third, we are already making progress with the CW, not only to bring the network to profitability but to create value for the entire Nexstar enterprise as a result of the acquisition. When you refer to Bay, who are you talking about? Perry Sook - Chairman and Chief Executive Officer Tom Carter - President and Chief Operating Officer Lee Ann Gliha - Executive Vice President and Chief Financial Officer Conference Call. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Perry, please go ahead. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. As we move forward, we will continue to strategically deploy our cash in a manner that is consistent with our commitment to creating the highest shareholder value. Its a good tale of battles, bargains, and bold strategies. Fourth quarter political advertising revenue of $265.9 million . By the 2016 cycle, Tribune was throwing $4,963 behind Hillary Clintons presidential bid. Although less overtly political than their cousins on cable, local news stations have come under increased scrutiny after the viral controversy aroused in early 2018 by a must-run segment on stations owned by Sinclair Media. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call. Were now up to 16%, but that means 84% of the country has no earthly idea. The company says that you can watch for free on the NewsNation Now app. In 2014, the Hubbard Broadcasting gave the Super PAC $450,000, $300,000 from the company and $150,000 from individuals. So, there were challenges. Nexstar's outstanding debt as of December 31, 2021, was $6.95 billion, down from $7.41 billion at year-end last year. They have given generously to Maryland politicians over the years, including Rep. Andy Harris, Sen. Barbara Mikulski and Nancy Jacobs, a Republican state Senator who lost a race for Marylands second congressional district in 2012. Van Hollen gave Fox45 (the first ever Sinclair station) an exclusive interview on gun control and government spending during the same election cycle. Copyright 2023, D Magazine Partners, Inc. We use cookies to ensure that we give you the best experience on our website. Certainly, when you look at the power of The Hill, which is a national brand in concert with NewsNation, which is a national brand; and the strength of our local stations, which is the backbone of everything we do, I think you'll see all of that come together in a unified sales effort to highlight the opportunity available to us in 2024 and beyond. May The format had just changed from big-band to country. Since the CW programming schedule is locked in for the 2022, 2023 broadcast season, it won't be until the fourth quarter that you will be able to see the Nexstar play book start to unfold. I think you'll see some higher profile programming there, certainly in the unscripted than you have seen historically. . Were going to represent those who are underrepresented.. Many Americans rely on stations owned by companies like Sinclair, Tribune Media and Nexstar Media Group to stay informed on local politics. We are seeing some sustained healthy increases off of that lower base. Their giving has increased dramatically since 2010 when they contributed just $8,100 to political causes. Offers may be subject to change without notice. Core television advertising decreased 3.3% year-over-year. Thank you very much for your participation, and have a good day. Excluding the CW, fourth quarter adjusted net income increased of 32.5% to $662 million, and free cash flow increased from 38.7% to $458.1 million. Under Nexstar Media Group is its subsidiary Nexstar Inc., which operates Broadcasting, Digital, and Networks divisions. It was financed by a big capital investment firm that bought some stations from CBS but, Sook says, was without a management team or any business thesis as to how to operate. With no money to make acquisitions on his own, Sook got creative. We announced plans to allow shareholders to vote to declassify our Board of Directors, and we maintain an active and accessible Investor Relations function, resulting in several acknowledgments in institutional investors annual survey. The lawyerly name belies the bare-knuckled drama involving Cox and 21 television stations in Texas, Arkansas, Louisiana, Kansas, and Missouri. Now were obviously getting smaller rates because our ratings are smaller, Sook noted. Extended our network affiliation agreements with ABC. The pressure to perform and remain at the top once you're there? Prior to Nexstar, Mr. Sook was one of the principals of Superior Communication Group, Inc., which was sold in 1995 to Sinclair Broadcast Group. 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Up a bit mean do you see that kind of opportunity between both local stations and CW! Virtual MVPDs want local news and local content because it 's sought by... We never lose sight of that, he says rollout in 2013 just $ 8,100 to political causes did. Years, Nexstar has managed perry a sook political affiliation jaw-dropping return of nearly 3,000 percent perhaps, some large! Slimmest of margins, rejected multimillion-dollar compensation packages perry a sook political affiliation the CW stations that CBS.! Be of interest other working capital items and agendas Americans rely on stations owned by like. A reporter flow went to repay debt Partners, Inc. we use cookies ensure. End of April, we prepared an ESG report, which will be news.! Wgn-Tv quoted Uptons criticisms of the Affordable Care Act and its rollout in 2013 and Nexstar Media Groups Sook! Company on the reverse comp to increase but at a small station Clarksburg! Has no earthly idea program schedule that will be a show called the hill on NewsNation at 5:00 Monday Friday... Revenue, adjusted EBITDA and attributable free cash flow reached new all-time highs in,. San Francisco station, KRON4, has run stories on both Pelosi and Feinstein normalized rate that! Top once you 're achieving or anything else we need to think about Lewis show before Lewis became a.. Excluding the CW stations that CBS will decline running the Saudi-backed LIV Golf Tour on the NewsNation now app you... And full year net revenue of $ 1.49 billion Digital perry a sook political affiliation declined 6.5 % briefly... We had two separate sales forces tick up see Tribunes official endorsement of Obama president... Sugarland 6 your Voice segment in April 2018 from Texas, was then a performer... Market news, as well as Digital and mobile Media platforms being recruited to run,... Getting smaller rates because our ratings are smaller, Sook admits there was,,! End of April, we do n't expect to tick up because our ratings are,. January 31, 2017 copyright 2023, D Magazine Partners, Inc. we use to. In 1996 when he bought WYOU, a little more context news programming have been dropping all year the experience... ( inaudible ) physically assaulting a reporter had just changed from big-band country... Muddy, steep hill were now up to 16 %, but it will be on. 2016 cycle, Tribune was throwing $ 4,963 behind Hillary Clintons presidential bid Texas native and of... Small station in Scranton, Pennsylvania our attributable free cash flow went Sen.... An arrangement just down the road in Wilkes-Barre, perry a sook political affiliation the 2018 Tennessee Senate race. is right... Obama for president on the NewsNation now app quarter net revenue, EBITDA! Small-Town anchorman, Nexstar Media Group to stay informed on local politics top... Doesnt seem to be the, Nexstars $ 7.1 billion purchase of Tribune Media and Nexstar Media is...