The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nicholas Todd Zangler - Stephens Inc., Research Division - Analyst
: Congrats on the results, and congrats to Tom on a great run here. Thinking about your initial plan to shift the CW from scripted to
nonscripted content, did your original plans account for all of the sports content that you've accumulated thus far? Or has the shift
to sports been a more favorable outcome post that acquisition as a result of acquiring the CW, which may potentially lead to a faster
and higher profitability assumptions for the CW in the coming years?
Question: Nicholas Todd Zangler - Stephens Inc., Research Division - Analyst
: Understood. And then just on the core revenues here, obviously, down 8%, excluding the CW, I'm wondering, in your view, if there
is an element to this softness recently that could potentially reflect an acceleration of national spending to alternative channels such
as connected tV, in particular.
And if so, obviously, that would potentially limit what's available for the broadcast channel and really resulting in what could be a
secular -- just secular pressure, I guess, for core revenues for you, going forward. Just your thoughts on that, whether you think that
national advertising, in particular, is accelerating to...
Question: Nicholas Todd Zangler - Stephens Inc., Research Division - Analyst
: Really appreciate the color there. Thanks, guys.
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AUGUST 08, 2023 / 2:00PM, NXST.OQ - Q2 2023 Nexstar Media Group Inc Earnings Call
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