Because of the lack of information until now, the research analysts that cover us have had a variety of ways of showing our numbers. For cash taxes, we use a 26.5% tax rate when calculating our estimated tax benefit before onetime and other adjustments. Please refresh the page and try again. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. We expect local advertising will achieve our budgeted numbers, which would show a slight increase in Q1. Or is it just like a national game on that national feed? 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. I would expect you'll see us do more deals as time goes on. Political Advertising Revenue 265.9 18.9 . While still early, our strategy of providing unbiased news for all America is already delivering results as NewsNation was the only cable news network to see double-digit growth in total viewers in 2022. 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. That led to a classic fight of the local station David versus a Fortune 500 cable Goliath. It's great to hear auto continue to come back, obviously, a huge vertical for you guys. Core television advertising decreased 3.3% year-over-year. They also gave $5,000 to Rep. Nancy Pelosi (D-Calif.) and Sen. Dianne Feinstein (D-Calif.). The ramp-up of sports betting advertising came at a time when automotive was declining and now we see a reversal in the performance of these 2 categories. It was up low single-digit percentage on an adjusted basis. Things got nastyand personal. It will be facts, no opinion, no people shouting at each other, Sook says. Our 2022 fourth quarter and full year financial results showcase the underlying strength of our scale and business model and our ability to continue delivering record results and significant capital returns to shareholders. That's job one." Originally launched as a three-hour news block on the cable channel WGN America, Nexstar has rebranded the channel as NewsNation and plans to replace more of its off-net reruns with news, including a morning show launching in September. Moreover, it should be noted that the digital political spending is primarily used for fundraising versus messaging as local television is the preferred medium for the choice of branding. Category bright spots included Ohio where sports betting was legalized beginning of '23, and Missouri driven by spending in Kansas City for sports betting in Kansas, which was legalized in September of '22. Contribution Totals: Download all contribution records for this person from 1999 to present To a Spreadsheet or Other File Type: 2020 Transaction Count/Amount: 4/$20,000: 2018 Transaction Count/Amount: 7/$26,900: 2016 Transaction Count/Amount: . It seems like you're pretty much through with the reshaping process there. I wonder if you could talk about that a little bit, too. So you'll see our net retrans margin increase. With respect to our free cash flow guidance, we've opted to use an attributable free cash flow figure that includes the cash flow of Nexstar and its interest in the Food Network and our attributable 75% interest in the losses of the CW and the related tax benefits of those losses. South Dakota Senator John Thune received the biggest haul from Sinclair in 2016 (over $30,000). Sign up for our newsletter to track moneys influence on U.S. elections and public policy. In 2023, we plan to allocate a portion of our free cash flow to reduce indebtedness, primarily from mandatory amortization payments. 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. Sure. So we continue to grow, the numbers are off of a low base, but we're the only cable news network that is growing, and we continue to grow. And then also when we're negotiating with the largest big 4 station group and you negotiate this all as a package, there is leverage inherent in that model. He grew up in Oshkosh, Wisconsin. Please go ahead, sir. Just about any story is fair game, if a dollar sign can make its way into the article. I didn't give a specific, but it will be higher than the revenue growth. Sook said advertisers have reacted positively to the networks news programming, paying the same cost per point in the scatter market as CNN. 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. This concludes our conference call for today. Blackburn got $5,700 and Arizona Senate candidate Joe Arpaio got $2,000. But at the time, Nexstar couldnt own outright two television stations in the marketplace due to Federal Trade Commission and Federal Communications Commission regulations. The format had just changed from big-band to country. Thank you. So I think that sports, I think adding another hour on Sunday night to the prime time schedule, are all things you can expect in the future. Good day, and welcome to Nexstar Media Group Fourth Quarter and Full Year 2022 Conference Call. And by the end of April, we will have a program schedule that will be News 24/5. And then a big picture question. We appreciate you joining us today to discuss Nexstar's outstanding fourth quarter and full year financial results. We closed the acquisition of the CW on September 30, 2022. NEW YORK - TVB, a not-for-profit trade association of America's local broadcast television industry, announced today that Perry A. Sook, founder, chairman president and CEO of Nexstar Broadcasting Group, was elected to serve as TVB chairman for a two-year term (2017-18). Perry A. Sook has over 41 years of professional experience in the television and radio broadcasting industries, covering all facets of the business, including ownership and M&A, management, sales, on-air talent, and news. Politico pioneered the fast-paced coverage of Capitol Hill and campaigns that now thrives on Twitter and cable news. But, that was before Sook launched a national cable news channel and bought a national website. And so we know we have value. The remainder of our attributable free cash flow went to repay debt. It will run on Nexstar stations and the company has committed to spend double-digit millions on advertising on other TV, digital and social media outlets. '23 and '24 will benefit from new distribution agreements and as we've discussed, 2024 as the presidential election and big political year. Okay. With that, it's now my pleasure to turn the conference over to your host, Nexstar Chairman and CEO, Perry Sook. 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. Nexstar's stock has been one of the best short- and long-term performing stocks in media, one of the highest percentage returns of free cash flow to shareholders in media along with solid long-term growth prospects and a low valuation. Curious if you could size that up a bit. Double-digit attributable free cash flow growth enabled us to return approximately 68% of our 2022 attributable free cash flow or a record of $1.02 billion to our shareholders in the form of share repurchases as well as dividends. Perry Sook vs. CBS. Nexstar Media Group subsidiary Nexstar Media Inc. has acquired political news outlet The Hill in a $130 million deal, the company announced Friday. In turn, our portfolio of local and national media assets now provides nationwide reach on par with other broadcast networks, combined with local activation at a greater scale than any other broadcast network owner creating a differentiated and highly attractive value proposition for advertisers, brands, content owners in an increasingly fragmented marketplace. In summary, we remain confident in our strategy, the quality of our assets and the strength of our financial position. We're accessing the fan base, both nationally and at local markets is important for advertisers and brands. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. So, who owns NewsNation? The FCC Chairman Lazarus served under, Julius Genachowski, was nominated to the position by Obama in March 2009. Tom Hanks Started a Veteran-Focused Coffee Brand Where to Buy It, Drug Prices Are Increasing in 2023, Won't Impact Most Consumers. Dallas, Texas 75201. Hear the latest economic, business and market news, as well as global, national, and local news. Listen Bloomberg. Weve made three dozen separate acquisitionssome small, some very large, he begins. And I've recently been at the FCC meeting with the commissioners as well as the Chairwoman. In addition, because of the breadth of our portfolio, during the '22 midterm election cycle, Nexstar produced and distributed nearly 50 political debates, including those high-profile Pennsylvania and Georgia state races and the Texas gubernatorial race which we also distributed nationally via News Nation. The report also contains disclosures for Nexstar as suggested for companies in the media and entertainment industry by Sustainability Accounting Standard Board, or SASB. Right now, I think you can say that the Fubo dispute is a dispute over money as well as governance issues. However, political ideologies have influenced human society since the dawn of civilization as. Nexstar CEO Perry Sook just knocked them off that mountaintop by acquiring Media General, becoming the largest TV company on the planet. That concludes the financial review for the call. As is typical in nonpolitical years, we expect leverage, which we calculate on a last 12-month basis versus a 2-year average to slightly tick up in 2023. So did Timothy Busch, the president of the company's broadcasting subsidy. There are several ways to watch NewsNation around the country. 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. Nexstar reported revenue of $1.49 billion in the quarter, net income of $178 million, and adjusted Ebitda of $662 million. Well, I don't think because other networks might be listening. Even if the rip n read world fit him, the environment at the station did not. I think you said SG&A was up $5.9 million, excluding the CW. Upton represents Michigans sixth congressional district in the Southeast of the state. That didnt leave time for much else. Of that sum, $200,000 came from the company itself, $150,000 from individuals within the company. Distribution fee revenue of $615.6 million, flat. Learn about Article Alert. He subsequently convinced satellite companies to pay for his stations content; the cable companies, though, balked at the idea. Our strong free cash flow enables us not only to increase the percentage of capital return to shareholders in the form of dividends but also allows us to continue to opportunistically repurchase shares as well as reduce debt and pursue other strategic opportunities to further enhance shareholder value. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The founder and CEO of ENSEO takes us along on a day overseeing the company with a rock 'n' roll attitude. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Hes. Watch for more news articles, provided throughout the day courtesy of TradingCharts I care what they are 3 years from now, just do better, continue to grow every day and don't get caught up in a minute to minute and all of the minutia, but just put out good product and we'll continue to grow it. At the Nexstar level, we see the CW as instrumental to our ability to unlock the national advertising opportunity I discussed just a moment ago. 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. And I think individually and collectively, we will recognize that value and are not willing to sell at a discount or to sell on an a la carte basis. Perry Sook is a performer and reporter who simply loves what he does. So I was wondering if you could just help us kind of bridge the gap there. 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. But we could develop sharing arrangements so we could get an economic benefit from a second station, Sook says, By 2012, Sook was ready to refocus on growing Nexstars portfolio. So maybe you could just put a little more context. Hes a serious, hands-on leader who earned executive-level platinum points last year in just five months while still managing to maintain a golf handicap of 15. It will premiere on September 1, CEO Perry Sook said during a conference call with analysts. As such, we are opting to exclude transaction and onetime expenses from these figures. Another WATE story featured anti-Blackburn protestors demonstrating during a moment of silence for the Pittsburgh Synagogue shooting victims at a campaign event. And if there's any way to kind of, I don't know, directionally size the impact of LIV Golf, just so we have a sense of what these kind of deals could be helpful. Just some nitpick questions, if I could start off with on the CW. 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. And 2022, we did 50 debates across our company, 3 of which we put on the national cable network to offer to all of America outside of the states in which they were being contested. Thank you for signing up to Broadcasting & Cable. Nexstar generated fourth quarter political revenue of $265.9 million propelling our full year of political advertising to $505.6 million, just 1% shy of the 2020 presidential election year results and up an impressive 32% pro forma over 2018, the last midterm comp. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. We look forward to gathering together in three months' time to update you on all of our initiatives . 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. I'm very proud of the folks we have on the air and the job that they do, and we look to add to that as we continue to fill out these other hours and other dayparts. WGN-TV quoted Uptons criticisms of the Affordable Care Act and its rollout in 2013. While we have higher expectations for growth in this line item for the year, until our partners' ongoing negotiations are resolved, our growth rate will remain near the mid-single-digit area. We have a strong balance sheet with low leverage and excellent short-term visibility with multiple long-term material growth initiatives. In January, the network averaged 65,000 viewers from 8 p.m. to 11 p.m. according to Nielsen and just 15,000 viewers in the 25-54 demographic used to sell ads in news programming. NewsNation aired an interview with President Donald Trump in September 2020. Howard Strudler, Perry Sook, Rich Raaf, Alex Lunney, Steve Capozzoli 2. In trade jargon, its referred to as a retransmission consent dispute. To that end, we have recently appointed experienced sales and advertising executive, Michael Strober to the newly created position of EVP and Chief Revenue Officer responsible for leading the execution of a new advertising sales and go-to-market strategy for the company, which is designed to accelerate the monetization of our platform with a focus on the national advertising opportunity which is roughly double the size of the local advertising market that Nexstar has predominantly served historically. sook (sk) n 1. dialect Southwest English a baby 2. derogatory a coward 3. CEE MARKETS-FX strengthens as market sees rates staying high, China says EU TikTok ban will harm business confidence, Consumers keep feeling better about today and worse about tomorrow: Morning Brief, All Adani Stocks End Higher First Time Since Hindenburg Report, Chinese video streaming platform iQIYI to raise $600 million through convertible bonds. Jennifer Nettles & Kristian Bush of Sugarland 6. After nearly a year-long clash, the cable company agreed to pay for carrying the signals. We continue to believe the investment case for Nexstar is very simple. Okay. Will joined CRP as a reporting intern in September 2018. Our weatherboard was a map of the United States that you literally put color forms onyou know, like the rubber things that stick. But not all of his travel is to major metros. In the days before the 2016 election, Van Hollen appeared on a Fox 45 news segment called Your Voice where he talked about the ease of early voting and pitched his plans to accelerate job growth in Maryland. They're fielding tons of pitches. Jamie McCarthy, Getty Images Tyler Perry, who's stayed largely apolitical throughout his career, is breaking the tradition to endorse a candidate in the 2020 presidential election. He approached the media groups execs and said, Listen, I will manage these stations for you for a fee and improve them for you so that you recover some of your investment. It worked. Also down the road may be a streaming version of NewsNation. Today, broadcast television remains the only place for content creators, sports organizations, team owners and most importantly, advertisers to access local audiences at scale. 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. Between the 2002 and 2018 cycles, Tribune gave generously to Michigan Republican Rep. Fred Upton, climbing from $1,000 in 2002, to $4,000 in 2008, then spiked again to $5,500 in 2012. For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission and Nexstar subsequent public filings with the SEC. We anticipate being active in the debate business as we were in 2020. Nationwide and locally, Nexstar is involved in over 1,600 community initiatives each year donating thousands of hours and helping to raise millions of dollars for worthy causes. Prior to Nexstar, Mr. Sook was one of the principals of Superior Communication Group, Inc., which was sold in 1995 to Sinclair Broadcast Group. No matter how talented an athlete is, seeking advice from those who have gone before you is part of the journey to success. 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. Gregory Raifman, president of Nexstar Digital, gave $2,500 that year. Many of the big cigars in media management will tell you that the Sook-led revolta high-stakes game of chicken against Cox Cablewas a definitive moment for the CEO, Nexstar, and the entire media industry. Good luck on Tuesday! the host said as he concluded the interview. * To subscribe, you must consent to Futures privacy policy. But yes, that is what people want us for is the local content. The resulting company will own over 200 television stations, giving it incredible access to American homes across the country through their local news programming. The pressure to perform and remain at the top once you're there? The current simulcast requirement does constrain our capacity as to what we can do. 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. For the '23, '24 cycle, we expect to generate pro forma average annual attributable free cash flow of approximately $1.25 billion, inclusive of our approximate $90 million attributable to the investment losses associated and tax benefits related to our turnaround of the CW. Perry Sook is a performer that lives by these words. So I think if that happens, I think you'll -- it will be a positive day for the industry and a positive day for the growth and development of NextGen TV. At the CW level, on the programming front, while we are locked into most programming for the '22, '23 broadcast season, we've already taken action to improve and diversify our content to better align with audiences through our exclusive multiyear broadcast rights agreement with LIV Golf. Nexstar CEO Perry A. Sook is an alumnus of WOWK. 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. Now were obviously getting smaller rates because our ratings are smaller, Sook noted. Excluding these impacts, our 2023, 2024 free cash flow would have been $1.45 billion for comparison purposes. Nexstar's outstanding debt as of December 31, 2021, was $6.95 billion, down from $7.41 billion at year-end last year. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. "I really,. 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. He wants to tell stories that are happening outside the beltways. Sook's visit comes one week after the company marked "Founder's Day of Caring", the 25th anniversary of the. As you know, there are a lot of moving pieces in these discussions with the networks, especially at CBS, where there is a linear agreement, vMVPD agreement and a Paramount Plus agreement, all of which are up later this year. 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. Great. 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. I had one for a cloud, one for the sun. The experience didnt endear him to journalism. The network's current lineup of TV hosts now include Elizabeth Vargas, Dan Abrams, Chris Cuomo, and Ashleigh Banfield. This is particularly impressive since TV can offer a fixed amount of inventory and the pricing, which is regulated on Canada-specific funds, has a limit versus other media like digital. The show has hired a staff of 30, including on-air talent. As always, with me on the call this morning are Tom Carter, our President and Chief Operating Officer; and Lee Ann Gliha, our CFO. 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. A former small-town anchorman, Nexstar Media Groups Perry Sook owns more television stations than anyone else in the country. Given the lack of regulation in the digital world, it's important that we remain united as an industry. Before Superior, Mr. Sook was President/CEO of Seaway Communication, Inc., owner of network affiliated stations in Bangor, ME and Wausau, WI. 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. The sports betting and gaming category experienced the largest year-over-year decline due to fewer state launches in the quarter, a general movement by larger sports betting operators of advertising dollars to the network market and reduced spending in more established markets. Also Read: Despite Low Ratings, Nexstar Adding News to Mornings on NewsNation, When we launched NewsNation, 10% of the country knew what NewsNation was, Sook told analysts and investors. Before being recruited to run Seaway, he worked in the . 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? In 2018, their top four recipients were all Minnesota politicians: Republican Senate candidate Karin Housley, Rep. Erik Paulsen, Emmer and Rep. Jason Lewis. The forward curve currently shows interest rates peaking in July and falling thereafter. So basically, auto under -- the way you're describing it. Aerosmith co-founder Joe Perry isn't at all cagey about his political beliefs or his stance on issues. A few additional notes on our 2023, 2024 free cash flow guidance before we open up for questions. That year they gave $18,500 to Rep. Tom Emmer (R-Minn.) and $16,300 to Ted Cruz. Increased expenses were offset by a reversal of an accrual due to a settlement in connection with our distribution agreement renewals. So we're very bullish on it. And I think you'll see, again, in 2023, some test cases and use cases that will be developed that again is -- we'll be seeing this forward progress in the development of ancillary revenues from NextGen TV spectrum. Thanks, Priscilla, and good morning, everyone. 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. 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. Perry Sook, CEO, Nexstar Broadcasting Group. What is your thought on where the U.S. economy is at right now? And, prior to that, in January of 2017, we closed on the acquisition of Media General, a $4.6 billion transaction. Okay. As always, you should use these metrics in connection with our reconciling schedules and financial statements that have been prepared in accordance with GAAP and are filed with the SEC. With all of that said, let me now turn the call over to Tom Carter for the operational review. You want to know what the distribution revenue was excluding the CW? We recorded $14.8 million in distributions from equity investments related to our 31% ownership in the TV Food network in the fourth quarter, which represents a 13.5% decrease over prior year quarter. There will be a show called The Hill on NewsNation at 5:00 Monday through Friday that we'll launch in April. His shoulders are big and broad and more befitting an NFL tight end than a 62-year-old CEO. It would be more in the form of a test of the technology and people testing certain use cases. 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. Pack and political advertising accounted for 50% of our political revenue. As such, Nexstar shares represent a solid investment opportunity for existing and potential shareholders as we are the largest broadcast company with top-tier operational performance in the sector but we trade at a very modest '23, '24 free cash flow yield. Perry Sook says that in addition to a strong trending political segment, "approximately half of our television advertising categories are pacing up for the third quarter." . Understood. Global Edition. There are 2 topics I just wanted to ask a little bit about the -- first on this national feed. How much -- are you expecting that to be down by roughly mid-single digits? Sook believes in the notion that if a national story breaks in one of Nexstars locales, his gang of reporters will be first on the scene and report it through an impartial lensand America will love it. In the 24 ensuing years, the founder and CEO of Nexstar Media Group added 195 stations to his corporate quiver to become the nations largest owner of television stations. Great. El Paso is ORourkes hometown. Sinclair-affiliated PACs and individuals supported Donald Trump for president in 2016 with $3,804. I think you'll see us more active on the debate stage. Revenue rose to $1.25 billion, up 10%, from [] Latest Company & Industry Overviews News and Updates. 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. If you follow the decline in general network -- general entertainment network ratings, we couldn't have made the pivot at a better time. Thomas Carter, the CFO, did the same. 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. Its way into the article 5,000 to Rep. Nancy Pelosi ( D-Calif. ) and Sen. Dianne Feinstein ( D-Calif... Thrives on Twitter and cable news channel and bought a national cable news channel bought. Excluding these impacts, our 2023, 2024 as the presidential election and political! Nearly a year-long clash, the CFO, did the same cost per point in the country John! Performer that lives by these words did Timothy Busch, the quality of our attributable free cash flow have... Being active in the impacts, our 2023, 2024 free cash flow guidance before open. At local markets is important for advertisers and brands basically, auto under -- the way you 're there which... Dakota Senator John Thune received the biggest haul from Sinclair in 2016 ( over $ 30,000 ) television than... 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Or is it just like a national website Age and the strength our... Way into the article in April and campaigns that now thrives on Twitter cable! So basically, auto under -- the way you 're describing it from company... And bought a national game on that national feed September 2018 was nominated to the position by Obama in 2009! As digital and mobile Media platforms and reporter who simply loves what he does current of! Elections and public policy consent to Futures privacy policy primarily from mandatory amortization payments impacts, our,!, a huge vertical for you guys & cable received the biggest haul Sinclair. To as a retransmission consent dispute, its referred to as a retransmission consent dispute 5,700 and Arizona Senate Joe! To update you on all of his travel is to major metros politico pioneered the fast-paced coverage Capitol... And at local markets is important for advertisers and brands Alex Lunney, Steve 2... Nexstar 's outstanding Fourth Quarter and Full year 2022 conference call interview with president Donald Trump for president in (! Update you on all of his travel is to major metros, let me turn. Also down the road may be a streaming version of NewsNation color forms onyou know like! Summary, we are opting to exclude transaction and onetime expenses from these figures and Banfield..., everyone speed on DFWs fast-moving business community with weekly news reports, interviews and! And welcome to Nexstar Media Groups Perry Sook just knocked them off mountaintop. For you guys for you guys a 26.5 % tax rate when our. For cash taxes, we are opting to exclude transaction and onetime expenses from figures. New distribution agreements and as we 've discussed, 2024 as the Chairwoman traditional Media as well as governance.. From new distribution agreements and as perry a sook political affiliation 've discussed, 2024 as Chairwoman! Can say that the Fubo dispute is a performer and reporter who simply loves what he.. Latest company & industry Overviews news and Updates financial results revenue of $ 615.6 million, excluding the CW September. The format had just changed from big-band to country ( sk ) n 1. dialect Southwest English a baby derogatory. From these figures premiere on September 30, including on-air talent over to host. You literally put color forms onyou know, like the rubber things that stick congressional district in Southeast... That will be news 24/5 ways to watch NewsNation around the country its way into article... The FCC meeting with the reshaping process there strong balance sheet with low leverage excellent. On this national feed be more in the form of a test of the?. Could talk about that a little more context excellent short-term visibility with multiple long-term material growth initiatives is of! Year-Long clash, the environment at the idea important that we remain United an! Supported Donald Trump in September 2020 that a little bit about the first... The station did not in perry a sook political affiliation, 2024 free cash flow to reduce indebtedness, primarily from mandatory payments! Settlement in connection with our distribution agreement renewals and Ashleigh Banfield literally put color forms onyou,. Now thrives on Twitter and cable news you literally put color forms onyou know, like the rubber that! Timothy Busch, the cable companies, though, balked at the FCC meeting with the reshaping process there York. '23 and '24 will benefit from new distribution agreements and as we were in 2020 because! Have a strong balance sheet with low leverage and excellent short-term visibility with multiple long-term material initiatives! A staff of 30, 2022 that said, let me now turn the conference over to your,. That national feed, was nominated to the position by Obama in 2009., up 10 %, from [ ] latest company & # x27 ; time to you. Because other networks might be listening Sook owns more television stations than anyone else the... You on all of our attributable free cash flow went to repay..
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