Nexstar Reports $33 Million Reduction in CW's Q2 Losses

The media giant cites programming cuts and increased ad revenue as key factors in improving financial performance.

CW's operating loss improved by $33 million year-over-year in Q2.
Nexstar aims to reduce CW's losses by $100 million by year-end.
Programming expenses for the network dropped by $49 million compared to the previous year.
Ad revenue increased by 2%, with political ads contributing significantly.
Nexstar plans to expand CW's sports programming to 500 hours next year.