The CW Losses Narrow, TV Ad Sales Down 23% ...Middle East

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The CW Losses Narrow, TV Ad Sales Down 23%
Nexstar reported its third-quarter 2023 earnings Wednesday, revealing TV ad revenue was down overall 23% for the July-September quarter. Meanwhile The CW network made quarter-over-quarter progress on its path to profitability by narrowing its losses to $60 million. Wall Street forecast earnings per share (EPS) of $1.51 on $1.18 billion in revenue, according to analyst consensus data provided by Refinitiv. Nexstar reported diluted EPS of 70 cents on $1.13 billion in revenue. “Third quarter financial results primarily reflect the year-over-year decline in cyclical political advertising as well as the distribution revenue impact related to our successful negotiations with a distribution pa

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