Nexstar Media Group Inc Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nicholas Todd Zangler - Stephens Inc., Research Division - Analyst : Just back to that premium sports opportunity given some recent announcements, how attractive would you say this content is to you? Like would you characterize the opportunity as strategic priority #1? And then when you think about these potential arrangements, is there really -- is there an opportunity for the advertising revenues that you generate against the games themselves to generate a profit? Or is it really the shoulder programming, like the pregame and postgame shows, that really represents, I guess, the most lucrative aspect of the sports partnerships? Just curious how those might be arranged.

Question: Nicholas Todd Zangler - Stephens Inc., Research Division - Analyst : I mean, I would imagine that the sports content opportunity is likely mostly significant for Nexstar, specifically across the broadcast group, just given your geographic footprint, number one. But I mean, obviously, I'm just wondering if you would agree. But then when you do go to market and when you're having these conversations to win these sports deals, how do you market yourself, I guess, relative to the peer group? And does the CW's national presence actually provide a pretty strong advantage to you somehow as these conversations are occurring?