Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and Fox Broadcasting company LLC, a subsidiary of Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”), have announced a multi-year agreement that renews FOX network affiliations for stations that Nexstar owns, operates, programs or provides services to, in 31 markets that reach approximately 8% of the US, the companies said.
In addition, the new agreement will also cover the eight FOX affiliates that Nexstar is acquiring from Tribune Media company (“Tribune”), upon closing of the acquisition. Following its pending acquisition of Tribune, Nexstar will own, operate, program or provide services to FOX affiliates in 39 markets and will be the largest independent operator of FOX-affiliated stations, covering 16% of the US and serving more than 17.5 million households.
Nexstar Media Group is a 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 174 full power television stations and related digital multicast signals reaching 100 markets or nearly 39% of all US television households. For more information visit www.nexstar.tv.
Fox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations. For more information about Fox Corporation, visit www.FoxCorporation.com.