US media giant Nexstar has released a highly-strung presentation in a bid to renew confidence among investors. A news affiliate giant at heart, Nexstar makes no attempt to hide that it is betting the house on sports and live news, the last bastions of a declining traditional TV empire. One of the first slides of the zealous PowerPoint is an endorsement of the Disney-Charter deal, seen as “positive for broadcast TV”. With cable TV dying, Nexstar argues that content spend taken from underperforming and disappearing cable networks can be reallocated to premium content for broadcast TV affiliates. Another argument could be that when the money dries up, there is nowhere to reallocate it to. If cost of living rises mean…