A top Nexstar executive told analysts concerned about the impact the sports streaming joint venture announced by The Walt Disney Co., Fox and Warner Bros. Discovery, would have on broadcast stations that Nexstar wasn’t sure the venture would launch.
News of the venture sent TV station stocks lower earlier this month amid fear it would further cut into payTV subscribers and reduce station retransmission fees, which are figured on a per-subscriber basis. That put it on the top of the agenda as companies including the E.W. Srripps Co., and Gray Television reported earnings
