Deadline: Nexstar CEO Calls Local Media “The Least Sexy, Most Sticky Part Of The Media Ecosystem” As It Pursues Deal For Tegna

Story from Deadline:

Nexstar, the CW owner and giant broadcaster that’s angling to get even bigger, said it’s made a home in local media because that’s a lucrative place to be.

Deadline: Pac-12 Extends Media Rights Deal With The CW Through 2030-31 Season

Story from Deadline:

The Pac-12 has extended its broadcast partnership with The CW through the 2030-31 season, the conference announced today.

Variety: Nexstar to Acquire Tegna in $6.2 Billion Deal, Marking Big Move to Consolidate Local TV Biz

Story from Variety:

In a deal to combine two major players in the local TV station biz, Nexstar Media Group said it reached an agreement to buy Tegna in a transaction valued at $6.2 billion.

Variety: Nexstar Ad Sales Down 9%, CW Owner Beats on Q2 Earnings

Story from Variety:

Nexstar reported its second-quarter 2025 earnings Thursday, revealing ad sales dropped 9% year over year for the April 1-June 30 period without a presidential election to fuel political ad spend.

Deadline: TKO Group Taps Major League Soccer Exec Sana Shuaib As It Expands Global Partnerships Team

Story from Deadline:

UFC and WWE parent TKO Group announced two new appointments to its global partnerships team, hiring Sana Shuaib as SVP, Partnership Marketing & Digital and naming veteran executive Brit Santypal SVP, Operations.

Deadline: ‘Bluey’ Tops Streaming Rankings Dominated By Acquired Titles From ‘Supernatural’ To ‘South Park’ In First Half Of 2025, Nielsen Says

Story from Deadline:

The results are in, and the streaming landscape was once again primarily dominated by acquired content in the first half of the year, according to a new report from Nielsen.

Deadline: Dr. Phil’s Merit Street Media JV Files For Bankruptcy, Sues Partner Trinity Broadcasting For Breach Of Contract

Story from Deadline:

Dr. Phil’s Fort Worth-based JV Merit Street Media filed for Chapter 11 on Wednesday, simultaneously suing business partner Trinity Broadcasting for breach of contract that it claims destroyed its new television network and pushed it into bankruptcy.

Deadline: Billy Corgan’s National Wrestling Alliance Strikes Streaming Deal With Roku

Story from Deadline:

Wrestling fans are set to get a new round of bouts to watch on streaming after Billy Corgan’s National Wrestling Alliance struck a deal with Roku.

Variety; CW Boss on NXT’s Move to the Broadcast Network: ‘It’s Been an Absolute Game Changer’

Story from Variety:

WWE‘s developmental program, NXT, has been airing on The CW since October 2024 and the broadcaster couldn’t be more thrilled with the results.

Broadcast Sport: CMS Sports and CW Network pick up AVP beach volleyball

Story from Broadcast Sport:

The AVP, America’s only professional beach volleyball league, has secured broadcast deals with CBS Sports and The CW Network.

Deadline: The CW Will Become Profitable In 2026, Nexstar Reaffirms, With 40% Of Its Programming Now Sports

Story from Deadline:

The CW will start turning a profit in 2026, majority owner Nexstar Media Group reaffirmed, thanks in large part to a push into live sports.

Deadline: How International Alliances Are Reshaping TV Drama Financing

Story from Deadline:

“‘Alliance’ is the mot du jour for all players on the global scripted scene,” says Alice Sommer, Head of Drama at Norwegian network TV2.

Cord Cutters News: Nexstar Launches Free Streaming Apps for Local ABC, CBS, FOX, & NBC News On Roku, Fire TV, & Apple TV

Story from Cord Cutters News:

Nexstar Media Group, the largest television station owner in the United States, is expanding its digital footprint with the launch of free streaming apps for its local news stations.

Paramount Global for sale latest - Deadline: Paramount Global In Discussions With Donald Trump To Settle Lawsuit Over Kamala Harris’ ‘60 Minutes’ Interview

Story from Deadline:

Paramount Global has been in detailed discussions with Donald Trump‘s team about settling his lawsuit against CBS over the way a 60 Minutes interview with Kamala Harris was edited last year, we can confirm.

Paramount Global for sale latest - Deadline: Paramount Board’s Special Committee Says It Is “Bound” By Merger Pact With Skydance; “There Will Not Be Any Engagement” With Rival Bidders

Story from Deadline:

A special committee of Paramount Global’s board of directors says it is “bound” by a pending agreement to merge with Skydance Media and will not consider an 11th-hour offer from a rival bidder.

Paramount Global for sale latest - Variety: Paramount Hit With Legal Letter to Consider Last-Minute $13.5 Billion Offer From Outside Investors Over Skydance Bid

Story from Variety:

Here comes a plot twist: As Skydance Media and RedBird Capital Partners work to close the Larry Ellison-backed takeover of Paramount Global this spring, a consortium of investors who previously bid on the storied media conglomerate is mounting an eleventh-hour $13.5 billion offer.

Deadline: Nexstar & Optimum Reach Carriage Agreement After Standoff

Story from Deadline:

After multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA.

Advanced Television: WWE, TNA announce partnership

Story from Advanced Television:

WWE, part of TKO Group Holdings, and TNA Wrestling, one of the world’s top wrestling brands and a subsidiary of Anthem Sports & Entertainment, have announced a multi-year partnership aimed at creating crossover opportunities within WWE and TNA programming for NXT Superstars and TNA Wrestling Stars.

Variety: Fox Sports Gets Back Into Golf With LIV Deal

Story from Variety:

Fox Sports is taking a new swing at TV golf by striking a deal with LIV Golf, the Saudi-backed league that has been luring top players away from PGA Tour and has been seeking a wider presence in U.S. media.

Deadline; Back From Black: L.A.’s ABC7 Over-The-Air Signal Is Working Again

Story from Deadline:

ABC7 (KABC), the ABC affiliate station in Los Angeles, is back from black.