CBS and Nexstar Media Group Renew Affiliation Agreements
CBS (CBS)
Last cbs earnings: 11/12 08:00 am
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Source: PR Newswire
NEW YORK and IRVING, Texas, Aug. 6, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) and Nexstar Media Group, Inc. (Nasdaq: NXST) today announced a multi-year agreement that renews CBS network affiliations for Nexstar stations, in fifteen markets that reach approximately 5% of the U.S. audience and nearly six million households. The new agreement extends all CBS/Nexstar affiliation agreements related to a total of 19 stations that were set to expire this year. Nexstar is the largest independent operator of CBS affiliates, covering 13% of the U.S. and serving more than 14 million households. Nexstar owns and/or operates CBS affiliates in 39 markets. Nexstar's CBS affiliates are also locally available to subscribers to CBS All Access, the Network's direct-to-consumer digital subscription video on-demand and live streaming platform, and distributed across cable and satellite television services as well as other virtual multichannel video programming distributor platforms."We ar
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