I just plain wonder if, regardless of approach, launching a news channel right now is a good idea. I'm starting to get the feeling that, after the last four years in general and the past year in particular, people are just completely and totally burned out on news. I know I am - I used to watch a lot of local and cable news up until the pandemic, and then made a conscious decision to stop watching. And I've long considered myself a hard core news junkie.
The problem for Nexstar, of course, is that I don't think there was any other viable option. Sports is kind of in a weird spot right now, still mostly cable but on the verge of making a significant streaming push. Discovery kinda has the factual and unscripted stuff locked down. True Crime is saturated between HLN/Oxygen/ID and OTA options like Scripps' Court TV networks. And prestige scripting... forget about it, the streamers have that on lock down now.
Additionally, this might have been the most newsworthy six months of our lifetimes, between the pandemic, the ongoing racial unrest, the election, the chaos after the election, 1/6, Biden taking office, and probably a ton of other things I can't think of. And they have utterly failed to capitalize. The audience is either unaware - unlikely because Nexstar's stations are pushing this relentlessly - or more likely, utterly disinterested in this offering. At minimum, something needs to change... and it might just be getting close to the time to cut losses.