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The CW

Nexstar’s Next Battle: Making The CW Numbers Work

In the end, Nexstar was paid $54 million to take The CW off of Paramount and Warner Bros. Discovery’s hands. Actually, that’s an oversimplification. In fact, Nexstar, led by CEO Perry Sook, was given its 75 percent stake in the network for free, but after factoring in its cash on hand, accounts receivable and accounts […]

Nexstar Sticks to 2025 Profitability Target for The CW

Nexstar Media Group reiterated its guidance of making The CW profitable by 2025, which it said will require a “low nine-figure” investment over that time period.  The TV station group officially took over The CW on Oct. 1. Existing CW programming is in place for the 2022-23 broadcast season, Nexstar management told investors Tuesday. After […]

Julie Plec on Shocking ‘Legacies’ Cancellation and Enrolling in ‘Vampire Academy’

Welcome to the 185th episode of TV’s Top 5, The Hollywood Reporter’s TV podcast. Every week, hosts Lesley Goldberg (West Coast TV editor) and Daniel Fienberg (chief TV critic) break down the latest TV news with context from the business and critical sides, welcome showrunners, executives and other guests, and provide a critical guide of what to watch (or skip, as […]

Nexstar CEO Perry Sook Inks Multiyear Contract Extension

Nexstar has signed a multiyear contract extension with CEO Perry Sook, keeping the executive in charge of the Texas-based local TV giant through March of 2026. The company disclosed the new contract on Monday morning. Terms of the contract were not immediately disclosed. Sook has been CEO of Nexstar, which owns or operates some 200 […]