"No one wants their news from a chatbot or a rage-optimized social feed. Americans deserve more than a shrinking set of national outlets that do not reflect the diversity of their communities."
“Next month marks the thirtieth anniversary of Nexstar’s founding - a journey that began with a single station in
Scranton, Pennsylvania. While the media landscape has shifted dramatically since then, my conviction that local
journalism is vital to democracy remains unchanged."
Nexstar Media Group CEO Perry Sook previously told company employees that he believes NewsNation will ultimately become the "exclusive wire service and national news partner" for all of its local news operations.
"We are grateful to President Trump, Chairman Carr, and the DOJ for recognizing the dynamic forces shaping the media landscape and enabling this transaction to move forward.”
The company noted that the $199 million decline in the fourth quarter can largely be attributed to a significant drop in political advertising related to the presidential election in the prior year.
"Our core business is performing well, with stable year-over-year distribution and non-political advertising revenue and strong expense management resulting in lower year-over-year operating expenses."
"Far too many were eager to mock a staged wrestling angle, a promotional appearance, or a calculated branding move that they overlooked what was actually happening."