EXCLUSIVE: In a matter of days, one first-year ABC drama series has surpassed the other for the title of strongest series debut in two years among both the 18-49 demographic and total viewers.
Nexstar Focused On The CW “Ratings, Revenue, And Profitability” As Network’s New Owner Posts Q3 Numbers
08.11.2022 - 17:43 / deadline.com
Nexstar grew revenue 9.7% for the September quarter to $1.29 billion for the three months ended in September, as the new CW owner cited growth in political advertising, distribution and digital revenue.
Sales were shy of forecasts but profit was a beat, jumping to $287 million, or $7.30 a share, from $169 million, or $3.90. The stock was up 3.8% before the open.
The big broadcaster closed its purchase of the CW Network on Sept. 30, the last day of the third quarter. It acquired a 75% stake from former co-owners Warner Bros. Discovery and Paramount Global (which each retained 12.5%). Former Pop TV chief Brad Schwartz was named chief of CW Entertainment early last week. Dennis Miller is president.
“The transaction is expected to solidify the company’s programming and revenue opportunities as the largest CW affiliate group, diversify its content outside of news, and establish it as a scaled participant in advertising video-on-demand (AVOD) services via The CW App,” Nexstar said in its earnings release today. Execs will address the company’s Q3 numbers and outlook on a call at 10 am ET.
Nexstar said Miller is focused “on creating value for The CW and Nexstar shareholders by improving The CW ratings, revenue, and profitability.” Miller had stepped down from the Nexstar board for his CW appointment and a search for his replacement is underway.
Cost cuts, including layoffs, are part of the turnaround plan.
Nexstar said its core television advertising revenue of $399.7 million decreased 7.6% year-over-year, reflecting a weaker national advertising market, the absence of the Olympics and political inventory displacement. Offsetting the rate of decline was a more stable local advertising market, which constitutes approximately
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deadline.com
20.11.2022 / 20:55
Danny Kalb Dies: New York Blues Guitar Stalwart Was 80
Danny Kalb, who led the downtown blues scene in New York during the 1960s and 1970s as a guitarist with his band the Blues Project, died Saturday at a nursing home in Brooklyn where he lived. He was 80. His death was confirmed by his brother, Jonathan.
perezhilton.com
19.11.2022 / 00:53
Taylor Swift Fans React To Singer's Statement As DEPARTMENT OF JUSTICE Opens Investigation Into Ticketmaster Owner!!
Who would have thought that in 2022 Taylor Swift would lead to the possible downfall of Ticketmaster??
deadline.com
18.11.2022 / 02:11
Radio Silence To Direct New ‘Escape From New York’ Movie For 20th Century Studios
EXCLUSIVE: Hot directing team Radio Silence will next direct the reboot of Escape From New York for 20th Century Studios.
deadline.com
16.11.2022 / 20:09
Paramount Global Begins New Round Of Layoffs, Focused In Ad Sales Group
EXCLUSIVE: Layoffs are under way at Paramount Global, with several dozen employees expected to leave the company today, insiders have confirmed to Deadline.
deadline.com
11.11.2022 / 23:55
Clive Standen, Alano Miller & Lindsay Duncan Join Season 3 Of ‘The Morning Show’
EXCLUSIVE: Apple TV+’s The Morning Show is expanding its recurring cast for the upcoming third season, adding Clive Standen (Taken), Alano Miller (Dexter: New Blood) and Lindsay Duncan (A Discovery Of Witches). They’ll join new series regulars Nicole Beharie and Jon Hamm as well as fellow new recurring players Tig Notaro, Stephen Fry and Natalie Morales, as well as Julianna Margulies, who is reprising her Season 2 role.
thewrap.com
11.11.2022 / 05:31
Mitchell Goldman, New Line Cinema Executive, Dies at 74
A Philadelphia native and a graduate of Long Island University, Goldman got his start as a booker for the William Goldman Theatre Company. In 1978, he began his career in film distribution at Embassy Pictures, starting with east coast distribution in New York City before becoming vice president of the studio’s division four years later.
deadline.com
10.11.2022 / 22:43
Fred Hickman Dies: Sports Anchor For CNN, Yes Network & ESPN Was 66
Fred Hickman, one of CNN’s original on-air personalities as co-host of the network’s Sports Tonight, has died a Kissimmee, Florida, hospital following a battle with cancer. He was 66.
deadline.com
05.11.2022 / 20:05
‘Causeway’ Producer Justine Ciarrocchi On Why Jennifer Lawrence Sparked To Film’s War Veteran Lead – Contenders New York
Jennifer Lawrence’s Excellent Cadaver producing partner Justine Ciarrocchi said the Oscar-winning actress was “itching to do something small and intimate” after years of doing bigger studio movies when she signed on to make Lila Neugebauer’s Causeway.
deadline.com
03.11.2022 / 04:01
New CW Chief Brad Schwartz Talks Scripted Strategy, Unscripted Plans & Branding As He Seeks “Breakthrough Content” That Also Makes Money
As Nexstar announced Wednesday morning, former Pop TV president Brad Schwartz is returning to the network executive ranks as President of Entertainment at The CW. Reporting to new CW president Dennis Miller, he will be starting at the network in two weeks as he winds down his current role as CEO of The Capra Project, a startup entertainment venture focused on “authentic stories of family, faith, joy and hope” which was launched last year with investment from Lionsgate, UTA, Blumhouse and Tyler Perry.
usmagazine.com
02.11.2022 / 23:55
Katie! Sienna! Stars Hit Casa Cruz New York to Celebrate Dr. Barbara Sturm’s New Spas
A swank affair! An A-list crowd including celebrities, models, editors and influencers flocked to Casa Cruz New York on Tuesday, November 1, to celebrate skincare guru Dr. Barbara Sturm’s newly opened NYC spas and boutiques — and a grand time was had by all.
deadline.com
02.11.2022 / 01:05
The CW Is Hit With Dozens Of Layoffs As Nexstar Plots More Frugal Course For Broadcast Network
Less than a month after Nexstar Media closed a deal to take 75% ownership of The CW, the broadcast network has been hit with dozens of layoffs.
perezhilton.com
01.11.2022 / 04:53
Feud Back On! James Corden Called A 'Phony' By Balthazar Owner After Claiming He 'Never Screamed At Anyone'!
Into the Woods star James Corden isn’t out of the woods after all!