Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced today that it reached a new distribution agreement with Cox Communications (“Cox”) allowing the cable television provider the right to resume carrying Nexstar’s highly rated network and local community programming. The agreement covers Nexstar’s broadcast platform inclusive of 13 network affiliated and local stations in nine markets. Programming on all stations will resume as soon as possible.
Nexstar’s top priority is providing exceptional programming and service to local viewers, hometown businesses, and public organizations in the local communities it serves across the United States. Nexstar is delighted that Cox subscribers in its markets will have restored access to leading network content from ABC, CBS, FOX, NBC, CW and MyNetworkTV as well as local news and other programming produced specifically for local communities.
Until this week’s impasse with Cox Communications, Nexstar Broadcasting has successfully negotiated more than 1,200 retransmission agreements over the last 11 years, without a material disruption of service in that time. Specific terms of the agreement are not being disclosed.