Tom Carter, a longtime former Nexstar exec who is now a senior adviser to the CEO and board of directors, says the company could acquire Disney’s local ABC-TV stations with “little friction” if they become available.
Can Nexstar Finally Turn The CW Into A Profitable Network?
Nexstar has spent the past two years building its national media business with The CW as a central part of that strategy. The CW will soon be put to the test as its third iteration hits viewers.
Despite an impasse between Paramount Global and FuboTV, which has kept Nexstar stations off the air for weeks, Nexstar President and COO Tom Carter has a relatively upbeat outlook on pay-TV’s future. “We are projecting subscriber attrition,” he said, with recent gains on internet-delivered bundles like Fubo, YouTube TV, Hulu + Live TV and others failing to offset deeper declines in traditional cable and satellite. “But make no mistake about it — we do not see a cliff. We’re not at a precipice here, or at a point in time where we’re at an inflection point.”
Nexstar Sees More Acquisitions Ahead
Nexstar CFO Tom Carter is optimistic that a more deregulated era is dawning and the company will be acquiring more stations, though he won’t pin down a growth target. He’s also bullish on ATSC 3.0, and sees the repack as a kickstarter to get it in place.
