The CW Losses Decline By $50M In Q1, But Parent Nexstar Flags Concern About A National TV Ad Sector That Is “Not In A Positive Place”

The CW's losses fell by $50 million in the first quarter, but network parent Nexstar said it is being hurt by slump in national TV advertising.

May 9, 2024 · 1 min · 60 words · Christian Hill

Since Nexstar took its 75% stake in 2022, she continued, the quarter-over-quarter comparison is good.

The negative effect of the high-interest-rate environment, among other challenges, took the blame for the dip.

CEO Perry Sook fielded another national TV question on the call, on the topic of NewsNation.

CW Nexstar

CW NexstarCourtesy

Reception is not the problem, he observed.

Awareness is the opportunity.