Nexstar Broadcasting Group, Inc. announced today that it reached a new distribution agreement with Charter Communications, Inc. ("Charter") allowing the cable television provider the right to continue to air Nexstar’s highly rated programming. The new agreement was reached before the expiration of the prior agreement at 11:59 p.m. ET last night (December 31, 2014) enabling Charter subscribers in fifteen markets to enjoy uninterrupted access to network, local news and other programming.
Nexstar is delighted that Charter Communications subscribers in its markets will have uninterrupted access to leading network content from NBC, CBS, ABC, FOX, MyNetworkTV, The CW, and Telemundo as well as local news and other programming produced specifically for local communities. Nexstar is also proud of the fact that no material service interruptions related to distribution agreements have occurred with its station group since 2005.
About Nexstar Broadcasting Group, Inc.
Nexstar Broadcasting Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 80 television stations and 20 related digital multicast signals reaching 46 markets or approximately 13.1% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, and LATV. Nexstar’s 48 community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities.
Pro-forma for the completion of all announced transactions Nexstar will own, operate, program or provides sales and other services to 110 television stations and related digital multicast signals reaching 58 markets or approximately 18.0% of all U.S. television households.
Source : http://www.marketwatch.com/