Pew Research Center: “Five major publicly held local TV station companies – Gray, Nexstar, Scripps, Sinclair and Tegna – report political advertising revenue separately from other types of revenues in their Securities and Exchange Commission filings. In 2020, the five companies reported a total of $2 billion in political advertising revenue, compared with $1.2 billion in 2018 and $843 million in 2016, the two most recent election years.”

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