“The power of the broadcast model and its ability to reach the largest audience of any medium with important news, sports and entertainment content is as strong as ever,” says Perry Sook, the founder and Chairman/CEO of the nation’s biggest single owner of broadcast TV stations — and NewsNation and WGN-AM in Chicago.
Nexstar Media Group is also the controlling interest holder in The CW Network. In Q4, all of those media assets couldn’t overcome the widespread challenges impacting advertiser-driven businesses as 2023 came to a close, with net revenue falling short of Wall Street analysts’ expectations.
