Nexstar Broadcasting Group, Inc. (Nasdaq:NXST) (“Nexstar”) announced
today that it reached a new distribution agreement with DISH Network,
L.L.C. ("DISH Network") (NASDAQ: DISH) allowing the satellite television
provider the right to continue to air Nexstar’s highly rated
programming. The agreement covers Nexstar’s broadcast platform inclusive
of 60 network affiliated and local stations in 46 markets. On Monday,
December 8, Nexstar granted DISH an extension until 11:59 p.m. ET
tonight to the companies’ previous agreement.
Nexstar is delighted that DISH 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.
Forward-Looking Statements
This news release includes forward-looking statements. We have based
these forward-looking statements on our current expectations and
projections about future events. Forward-looking statements include
information preceded by, followed by, or that includes the words
"guidance," "believes," "expects," "anticipates," "could," or similar
expressions. For these statements, the Company claims the protection of
the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The forward-looking statements
contained in this news release, concerning, among other things, changes
in net revenue, cash flow and operating expenses, involve risks and
uncertainties, and are subject to change based on various important
factors, including the impact of changes in national and regional
economies, our ability to service and refinance our outstanding debt,
successful integration of acquired television stations (including
achievement of synergies and cost reductions), pricing fluctuations in
local and national advertising, future regulatory actions and conditions
in the television stations' operating areas, competition from others in
the broadcast television markets served by the Company, volatility in
programming costs, the effects of governmental regulation of
broadcasting, industry consolidation, technological developments and
major world news events. Unless required by law, we undertake no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. In light of
these risks, uncertainties and assumptions, the forward-looking events
discussed in this news release might not occur. You should not place
undue reliance on these forward-looking statements, which speak only as
of the date of this release. For more details on factors that could
affect these expectations, please see our filings with the Securities
and Exchange Commission.
Copyright Business Wire 2014