Nexstar Media Group, Inc. · NASDAQ:NXST
Nexstar Media — Merger or Acquisition (August 2022)
7 slides from Nexstar Media's merger presentation, Aug 15, 2022
Slide 1: Acquisition of The CW Network
Nexstar Media Group, Inc. Acquisition of The CW Network August 15, 2022
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information preceded by, followed by, or that includes the w
Slide 3: Transaction Summary
Transaction Summary Nexstar Media Group, Inc. (“Nexstar”) to Acquire The CW Network, LLC (“The CW”) Structure • Partnership (LLC) • 75.0% - Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Ownership • 12.5% - Subsidiary of Paramount Global • 12.5% - Subsidiary of Warner Bros. Discovery • No
Slide 4: Nexstar is the #1 CW Affiliate Group
Nexstar is the #1 CW Affiliate Group* Nexstar has a vested interest in the accelerating the success of The CW. • Nexstar is the #1 CW affiliate group * with 37 CW and CW Plus affiliates • Nexstar affiliates account for 32% of the reach of The CW Network • Nexstar has CW stations in 5 of the Top 10 D
Slide 5: The CW is America's Fifth Major Broadcast Network
The CW is America’s Fifth Major Broadcast Network The CW’s nationwide distribution is equivalent to the Big 4 Networks. The CW CWPlus The CW Digital / App Provides 14 hours of Provides 24/7 Provides free streaming of CW Network primetime programming programming for and other content per week and 3 h
Slide 6: Operating Strategy
Operating Strategy Nexstar’s action plan will improve the Monetize The CW’s Underlying ratings, revenue and profitability. Spectrum • Improve ratings by airing programming for the broadcast audience versus the SVOD audience − As America’s largest local broadcasting company with no split-focus on SVO
Slide 7: Transaction Rationale
Transaction Rationale Transaction immediately protects Monetize Underlying Nexstar’s existing Spectrum CW-related cash flows with substantial upside opportunity. ✓ Solidifies and Creates Better Revenue Opportunities for Nexstar CW Stations and Other CW Affiliates − Protects existing television adver
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