Comscore and Nexstar Reach Multi-Year Agreement for Linear and Cross-Platform Audience Measurement
January 23 2024 - 9:00AM
Comscore, Inc. (NASDAQ: SCOR) today announced that it has reached a
comprehensive multi-year agreement with Nexstar Media Group, Inc.
(NASDAQ: NXST) (“Nexstar”) on cross-platform audience measurement.
Under the terms of the agreement, Comscore will become a key
measurement partner for Nexstar, providing it with critical
measurement metrics across Nexstar’s local TV, broadcast, network,
and digital businesses.
Comscore has provided local market measurement to Nexstar since
2010, but with continued evolution and innovation in its suite of
insights and planning solutions across digital, social, CTV, and
linear TV, Nexstar now sees unique opportunities to move Comscore
into a leading currency provider position. Together, Comscore and
Nexstar will be able to deliver more precise audience insights
across screens to help advertisers optimize total reach and measure
the holistic cross-platform campaign with de-duplicated in-flight
monitoring of key metrics such as reach and frequency,
incrementality, and co-viewing.
Comscore, a leading provider of currency-grade television
measurement for local TV, provides measurement across all 210 local
Comscore Markets. Comscore’s National measurement is the summation
of all 210 local markets, establishing Comscore as the foremost
authority in comprehensive TV metrics. At the core of Comscore's
success is a unified methodology, setting the gold standard in the
industry. With local market-level data starting at the household
level, building to all 41,704 zip codes, and then seamlessly
integrating into and elevating national metrics, Comscore continues
to redefine excellence in linear TV measurement.
“Comscore is proud to expand its relationship with Nexstar Media
Group to empower Nexstar’s advertisers to unlock optimal reach
across key markets and platforms. Nexstar will offer unmatched
value to advertisers in a critical election year and beyond, by
seamlessly validating its true audience reach with market level
precision down to the specific region across linear and digital,”
said Comscore Chief Executive Officer Jon Carpenter. “Our
partnership demonstrates our ability to eliminate costly ‘make
goods’ as Nexstar leverages the strengths of Comscore’s
cross-platform solutions to ensure ad dollars are optimized across
non-linear mediums to complete incremental reach to what is
achieved by linear television.”
“Comscore’s ability to provide us with total audience
measurement metrics across our local television stations and
websites, NewsNation, The CW Network, and The Hill, enables our
cross-platform sales team to leverage our unique scale and reach to
customize bespoke advertising and marketing solutions for our
clients,” said Michael Biard, Nexstar’s President and Chief
Operating Officer. “We look forward to offering our advertisers
deeper insight into who is watching and interacting with our
programming and when they are doing so, enabling them to focus on
the audiences they want to reach.”
Financial terms of the agreement were not announced.
About ComscoreComscore (NASDAQ: SCOR) is a
global, trusted partner for planning, transacting, and evaluating
media across platforms. With a data footprint that combines
digital, linear TV, over-the-top and theatrical viewership
intelligence with advanced audience insights, Comscore empowers
media buyers and sellers to quantify their multi-screen behavior
and make meaningful business decisions with confidence. A proven
leader in measuring digital and TV audiences and advertising at
scale, Comscore is the industry's emerging, third-party source for
reliable and comprehensive cross-platform measurement.
About Nexstar Media Group, Inc.Nexstar Media
Group, Inc. (NASDAQ: NXST) is a leading diversified media company
that produces and distributes engaging local and national news,
sports and entertainment content across its television and digital
platforms, including more than 300,000 hours of programming
produced annually by its business units. Nexstar owns America’s
largest local broadcasting group comprised of top network
affiliates, with 200 owned or partner stations in 116 U.S. markets
reaching 212 million people. Nexstar’s national television
properties include The CW, America’s fifth major broadcast network,
NewsNation, America’s fastest-growing national cable news network,
popular entertainment multicast networks Antenna TV and Rewind TV,
and a 31.3% ownership stake in TV Food Network. The Company’s
portfolio of digital assets, including its local TV station
websites, The Hill and NewsNationNow.com, are collectively a Top 10
U.S. digital news and information property. For more information,
please visit nexstar.tv.
Media Contacts:press@comscore.com
Gary WeitmanEVP & Chief Communications OfficerNexstar Media
Group, Inc.gweitman@nexstar.tv
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