The CW’s New Owner, Nexstar Media, Updates Investors On “Offensive And Defensive” Reasons For Its Acquisition Of The Broadcast Network
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deadline.comNexstar Media Group, which last year acquired 75% of The CW, updated investors on the “offensive and defensive” rationale for the acquisition.
Company executives convened a 30-minute conference call this morning, taking investors through a 20-slide deck but taking no questions at the end of the session.
Nexstar will release its fourth-quarter financial results on February 28 and is expected to conduct its customary Q&A with Wall Street analysts after those numbers are reported.
CFO Lee Ann Gliha said the CW deal last fall, which came in exchange for no upfront cash or stock, will enable Nexstar to evolve from its roots in local broadcasting to a player in the national broadcast ad business.
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