After years of buying and selling, the nation’s largest TV station groups have become local leviathans that own dozens of outlets across the country.
At an unsettled time for broadcast TV, the biggest independent groups — including Nexstar Media, Sinclair Broadcast Group and E.W. Scripps — are increasingly trying to generate new profit sources by using local news and programming assets in innovative ways.
Station owners are looking to capitalize on the fallout from cord-cutting, which has swelled the number of American households that watch free over-the-air TV without a cable subscription. Smart TV sets have made it much easier in many regions for viewers to access local broadcast channels the old-fashioned way while still seamlessly switching between local outlets and apps such as Netflix and Hulu.
https://variety.com/2020/tv/news/nexstar-sinclair-ew-scripps-streaming-newcasts-1234795342/
This is a profile on how Nexstar, Gray, Sinclair, Hearst and EW Scripps have been adapting to the streaming age.