Perry Sook: Last News

Brian Steinberg Senior TV Editor After spending several years setting the pace of “The Flash” and other hard-racing TV superheroes on the CW network, Mark Pedowitz has reached the end of his current adventure. The longtime TV executive, who has run the one-time joint venture between CBS and Time Warner since 2011, is leaving the network as Nexstar Media Group prepares to acquire the outlet, which has its roots in two antecedent networks, UPN and The WB, that both catered to younger viewers. Nexstar is expected to close the deal at some point in the third quarter of 2022, but has already begun to run the network’s operations. Dennis Miller, a longtime TV executive who eventually moved into the world of venture capital, will take the reins as president of CW. Miller has served on Nexstar’s board of directors for the past few years.

Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter.

Nexstar CEO Perry Sook said a show called The Hill will debut on NewsNation by year end, building on the 2021 acquisition of the Beltway-focused digital asset as it builds up content on the news network he said is showing “green shoots.”

Nexstar Media Group, the No. 1 owner of local TV stations in the U.S., weathered the absence of political advertising in the fourth quarter to post better-than-expected results.