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Stock impact report

Local television deals with layoffs, consolidation, dwindling revenue and older viewers [Los Angeles Times (CA)]

Nexstar Media Group, Inc. (NXST) 
Last nexstar media group, inc. earnings: 2/26 07:04 am Check Earnings Report
Most of my journalism career has been community-based, covering high school sports, local elections, school boards and crime. There's something special about providing news that fosters a special closeness between a journalist and their readers and audience. It's no surprise that newspapers have been struggling. Research papers and think pieces have been documenting the decline of print media for decades The one refuge amid that struggle has been local television news, which has seen small dips but whose viewership has remained “relatively stable,” according to Pew Research in 2023. That, however, is sadly changing. My colleagues Stephen Battaglio and Cerys Davies wrote about the struggles of local TV news , highlighted by surprising layoffs at KTLA-TV. Let's dive into their reporting. “Totally blindsided” Ellina Abovian, a veteran correspondent for KTLA, was recently covering a story when she was asked to see her boss at the station. There, she was told she would b Show less Read more
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