Nexstar Media And Fox Corporation Renew And Extend Multi-Year Affiliation Agreement; New Agreement Covers 29 Nexstar TV Stations Across The Country, Including Six Of The Nation's Top-20 Markets
Portfolio Pulse from Happy Mohamed
Nexstar Media Group (NXST) and Fox Corporation (FOXA, FOX) have announced a multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the US, including those in six of the country's top twenty markets. The agreement also covers 12 stations that have shared services agreements with Nexstar. Financial terms were not disclosed.
September 05, 2023 | 12:03 pm
News sentiment analysis
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POSITIVE IMPACT
The renewal of the affiliation agreement with Nexstar Media Group is positive for Fox Corporation as it ensures their content continues to be distributed across key markets in the US.
The renewal of the affiliation agreement with Nexstar Media Group allows Fox Corporation to continue distributing its content across key markets in the US, which could potentially boost its viewership and advertising revenues in the long term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The renewal of the affiliation agreement with Fox Corporation is positive for Nexstar Media Group as it extends their reach across the US.
The renewal of the affiliation agreement with Fox Corporation allows Nexstar Media Group to maintain its presence in key markets across the US, which could potentially boost its revenues and profitability in the long term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100