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.
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AUGUST 08, 2023 / 2:00PM, NXST.OQ - Q2 2023 Nexstar Media Group Inc Earnings Call
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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