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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).
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Political Advertising Helps Boost Nexstar With Record Q2 Revenue Of $1.25 Billion

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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.The company reported net income of $226.5 million, a rise of 13.4%, in the period ended June 30.

Revenue rose to $1.25 billion, up 10%, from the same period a year earlier. The results beat analysts consensus estimates, as did earnings per share.“Our results benefitted from strong year-over-year growth in political advertising, distribution, and digital revenues,” said Perry Sook, the company’s chairman and chief executive officer.Nexstar has been in the midst of expansion of its NewsNation, formerly WGN.

It’s up to 60 hours a week of original content, with the recent announcement that former CNN host Chris Cuomo will join its primetime line up in the fall.Nexstar is said to be in the process of buying a controlling stake in the CW from its parents Paramount Global and Warner Bros.

Discovery. The Nexstar board just extended Sook’s employment agreement through March 31, 2026.Political advertising revenue jumped to $86.7 million, from $8.5 million in the same period last year.

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