In 2008, Tribune gave $11,450 to then-Senator Barack Obama. It starts back in 1996 when he bought WYOU, a little pissant TV station in Scranton, Pennsylvania. We returned $1.02 billion or 68% of our attributable free cash flow to shareholders in 2022, paying $142 million in dividends and repurchasing $880 million of stock or 5.1 million shares, 12% of our shares outstanding as of December 31, 2021. Originally launched as a three-hour news block on the cable channel WGN America, Nexstar has rebranded the channel as NewsNation and plans to replace more of its off-net reruns with news, including a morning show launching in September. He founded Nexstar in 1996 with one local television station in Scranton, PA and began building the foundation of what is. Since the CW programming schedule is locked in for the 2022, 2023 broadcast season, it won't be until the fourth quarter that you will be able to see the Nexstar play book start to unfold. LIV Golf was viewed by over 1.4 million total viewers across both the CW linear network as well as our digital platform, the CW app, compared to the average linear golf game on television year-to-date. And then on the reverse side, is there any change there to kind of the outlook that you gave a few months back? Turning to political advertising. Obviously, we spent a lot of time in front of local business owners and local advertisers. Want first access to OpenSecrets' investigations and data features? Finally, Nexstar continues to lead the industry in total deployment of ATSC 3.0 or NextGen TV with markets reaching approximately 35% of the U.S. households, and we have a goal of reaching 50% of the U.S. populations with ATSC 3.0 signals via our stations by the end of this year. Or am I giving some national game like the (inaudible). It will be based in Chicago and run out of Chicago, drawing on the backbone of those 5,400 journalists sprinkled around the country. And it will be absent of bias. Contribution Totals: Download all contribution records for this person from 1999 to present To a Spreadsheet or Other File Type: 2020 Transaction Count/Amount: 4/$20,000: 2018 Transaction Count/Amount: 7/$26,900: 2016 Transaction Count/Amount: Now moving back to the rest of our revenue line items in the quarter. Thanks, Perry, and good morning, everyone. Perry A. Sook; Founder, Chairman & CEO; Nexstar Media Group, Inc. Thomas E. Carter; President & COO; Nexstar Media Group, Inc. Barton Evans Crockett; MD & Senior Internet Media Analyst;. It's a single-digit amount. (Operator Instructions) And our first question comes from Craig Huber with Huber Research Partners. And I think when those things begin to line up, I think you'll see development accelerate. (Animals) informal NZ a calf [perhaps from Old English scan to suck, influenced by Welsh swci swead tame] sook (suk) or souk vb to suck n 1. the act or an instance of sucking 2. a sycophant; toady [Old English scan] Collins English Dictionary - Complete and Unabridged . Moreover, it should be noted that the digital political spending is primarily used for fundraising versus messaging as local television is the preferred medium for the choice of branding. Its important to stay active and connected to the folks who do the work in the business, representing Nexstar in their local communities every day. As such, Nexstar shares represent a solid investment opportunity for existing and potential shareholders as we are the largest broadcast company with top-tier operational performance in the sector but we trade at a very modest '23, '24 free cash flow yield. There are 2 topics I just wanted to ask a little bit about the -- first on this national feed. After the morning show launches in September, Sook said the focus is filling out the rest of the broadcast schedule with news, starting with weekdays in 2022 and weekends in 2023. It seems like you're pretty much through with the reshaping process there. Excluding the CW, fourth quarter direct operating and SG&A expenses increased only $5.9 million as a result of higher variable costs related to higher revenues, increased programming and other costs related in part to the move of NewsNation from syndicated programming to news programming, which is offset in our adjusted EBITDA calculation from reduced programming payments related to syndicated content. Okay. This is extremely dangerous to a democracy.. Our capital allocation priorities remain focused on value-enhancing organic initiatives in our business, accretive M&A, modest deleveraging and shareholder returns through a mix of dividends and share repurchases. Sinclair-affiliated PACs and individuals supported Donald Trump for president in 2016 with $3,804. Excluding the impact of the CW, our top-performing categories in the quarter were automotive, home repair and manufacturing, entertainment, paid programming and air conditioning and heating. Theres a lot going on in the country that just doesnt happen in New York or D.C. or Los Angeles, he says. That number has been corrected to $9,100. And then what was your retrans revenue if you just exclude the CW, what was that percent change including the hit, unfortunately, for the blackouts? CW affiliation fees will have a slight positive impact on our year-over-year reported growth rates until we lap the acquisition date. In summary, our record 2022 financial results reflected continued performance across our key near-term growth areas, including distribution, political advertising, new local direct advertising and digital with even more to drive growth ahead of us. I'm very proud of the folks we have on the air and the job that they do, and we look to add to that as we continue to fill out these other hours and other dayparts. Because of the lack of information until now, the research analysts that cover us have had a variety of ways of showing our numbers. NewsNation InSites. And one of your peers has also recently launched a service that's going to pick up regional or local sports rights. So you'll see our net retrans margin increase. Hubbard Broadcasting owns the radio station that ran the Jason Lewis Show before Lewis became a congressman. Note: Due to errors with CRP data obtained from the FEC that triple-countedcontributions, it was originally reported that Sen. Chris Van Hollen received$28,000 from Sinclair affiliates and its PAC. I appreciate that. People may receive compensation for some links to products and services on this website. Please go ahead, sir. Sook said this year when Hillary Clinton and Donald Trump square off in the November presidential election, Nexstar will earn about $100 million in political advertising revenue. Sook's visit comes one week after the company marked "Founder's Day of Caring", the 25th anniversary of the. And that and money are the 2 issues here. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. Its important that we never lose sight of that, he says. Will joined CRP as a reporting intern in September 2018. A Texas native and University of Oklahoma Alum, Perry now lives in New York City. Also Read: Despite Low Ratings, Nexstar Adding News to Mornings on NewsNation, When we launched NewsNation, 10% of the country knew what NewsNation was, Sook told analysts and investors. I know you said core was -- for local was holding up pretty well, maybe down about 2% somewhat. Obviously, the simulcast requirement needs to sunset at some point and there needs to be a sunset of 1.0 and an endorsement of 3.0 as the new transmission standard. The pressure to perform and remain at the top once you're there? Later that summer, Fox45 covered Van Hollens visit to a Texas border patrol processing center. The ramp-up of sports betting advertising came at a time when automotive was declining and now we see a reversal in the performance of these 2 categories. And then also when we're negotiating with the largest big 4 station group and you negotiate this all as a package, there is leverage inherent in that model. And so I think you'll see affiliates continue to press the point that we should negotiate our own agreements and that no one else should be negotiating on behalf of our content. His name is Trump. NewsNation is found under the umbrella of Nexstar Inc.s Networks division. Based in Irving, TX, Nexstar trades on NASDAQ under the symbol "NXST".Following the $7.1 billion accretive acquisition of Tribune Media and the $4.6 billion accretive acquisition of Media General, Nexstar Media Group, Inc. is the largest local broadcast television operator in the United States, with 199 stations reaching 116 markets, or more than 68% of all television households, and annual revenue in excess of $4.5 billion. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 So maybe as expected, Tom, hoping we could just unpack some of the things you went through on retrans a little bit. But at the time, Nexstar couldnt own outright two television stations in the marketplace due to Federal Trade Commission and Federal Communications Commission regulations. Excluding the impact of the CW, core advertising was down approximately 8.7%, primarily driven by double-digit rates of decline in national spot advertising, which accounts for approximately 30% of our core television ad revenues and political inventory displacement. Noncash compensation expense grew primarily due to the CEO's new contract. We anticipate being active in the debate business as we were in 2020. - Achieved monthly website growth of 2.3 million views over two-year period through strict web and social media initiatives (Feb. 2009 to Feb. 2011) - Served as one of four Nexstar CEO Perry A. Sook is an alumnus of WOWK. So I don't know how do we yardstick kind of '24 relative to whatever pro forma 2020 was if you have that number. And so we're interested and quite frankly, very pleased with the reception we've had in the marketplace that there may be another voice out there, another national opportunity for distribution over the air and through the broadcast model. Were going to represent those who are underrepresented.. South Dakota Senator John Thune received the biggest haul from Sinclair in 2016 (over $30,000). And then a big picture question. Are they able to see the local football game from the NFL on CBS? Seasonally attributable metric is a good proxy for the cash flow available to be reinvested to be used to repay debt or return to shareholders. Jamie McCarthy, Getty Images Tyler Perry, who's stayed largely apolitical throughout his career, is breaking the tradition to endorse a candidate in the 2020 presidential election. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. We think the CW was undervalued for any number of reasons, mostly related to predecessor owners and parent company priorities and agendas. Q4 2022 total corporate expense was approximately $49.2 million, including noncash compensation expense of $18.2 million compared to $43.6 million, including noncash compensation expense of $12.4 million in 2021. Offers may be subject to change without notice. And so yes, our profitability has been enhanced, and we're investing our syndicated programming expense back into journalism. The ( inaudible ) PA and began building the foundation of what is 's New contract a... To ask a little bit about the -- first on this website do... And then on the reverse side, is there any change there to kind of the outlook you... Enhanced, and we 're investing our syndicated programming expense back into journalism yardstick kind of '24 relative whatever! First access to OpenSecrets ' investigations and data features and that and money are the issues!, Perry, and good morning, everyone expense grew primarily due to the CEO 's New contract that! 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