Today news
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related News
DirecTV Carriage Dispute, Lack Of Political Ads Drag Down Nexstar Q3 Results; The CW Continues Its March Toward Break-Even
Reading now: 838
deadline.comNexstar posted third-quarter results marred by a carriage dispute with DirecTV as well as a cyclical lack of political advertising.
Total revenue slipped 11% from the year-earlier quarter to $1.1 billion and earnings fell to 70 cents a share from $7.30. Both metrics undershot Wall Street analysts’ forecasts.
Even without political spending, core TV ad revenue fell 2% to $391 million, with the company blaming “continued softness in the advertising market, partially offset by the inclusion of The CW Network Distribution revenue dropped nearly 7% to $598 million decreased 6.7% versus prior year.
Nexstar blamed the DirecTV outage, which lasted 76 days during the quarter before the parties reached an agreement in September.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
