This year’s upfront represented the first time Nexstar was able to pitch advertisers with its complete portfolio and data on its CW revamp, said Braverman, adding that this year’s upfront saw 30 new advertisers strike deals with CW Sports and 19 new advertisers for The CW’s primetime content.
“The CW sold two hours of primetime seven days a week—that was it—and now we’re selling a whole portfolio,” said Braverman.
In the current TV investment landscape, size matters. When evaluating upfront commitments, the scale and breadth of a media partner’s portfolio, and the ability to stretch an ad buy across numerous channels, content and platforms, was a major driver for setting priorities, according to media buyers.
Also read: Women’s sports rides momentum during upfronts
Similarly, Braverman noted that Nexstar’s efforts to provide advertisers with opportunities in The CW Sports, including tie-ins with sister network NewsNation, The CW’s primetime programming and Nexstar’s 200 local stations, have resulted in broader commitments from brands of all sizes.
Braverman pointed to a local manufacturer in Kansas City that hadn’t advertised on TV previously but partnered with Nexstar to build creative and air advertising in local NASCAR broadcasts. Braverman also mentioned State Farm, which expanded its sponsorship from CW Sport’s coverage of women’s college basketball to its Pac-12 football season.
The CW is sublicensing the final eight races of the NASCAR Xfinity series from NBC before taking it over in 2025. As rights for the major sports get increasingly divided between multiple networks and streamers, a consistent broadcast home will be welcomed by fans and participants, said Braverman.
“If you look at the NASCAR [Cup] deal, they have five different publishers. It’s going to be on Amazon, it’s going to be on Warner, it’s going be on NBC, and all of their subsidiaries, Fox and their subsidiaries, but the Xfinity series is going to be on CW every single week, week in and week out,” Braverman said. “So the drivers love it, teams love it and the consumers love it, because they don't have to search around. Is it on cable? Is it on broadcast? Is it on streaming? And I think that’s been huge.”
Miller said opportunities for additional sports programming were plentiful, citing growing consumer interest in Olympic sports such as track and field, as well as women’s sports. Competitions that might once have been “relegated to ESPN 19” or air on struggling regional sports networks are also looking to broadcast television, he said.
“We’re getting a lot of incoming calls on women’s sports, and a lot on what I would consider to be those sports that moved between cable and broadcast, or were on the second tier of a cable network,” Miller said. “Cable is declining 10% year over year. [Sports teams and leagues] are saying, hey, how do I get to reach all of the people now? So, broadcast has kind of reemerged.”