Nexstar Media Group Inc. and satellite-TV provider DirecTV have reached a new multi-year distribution agreement covering 176 of Nexstar’s local television stations and its cable news network.
Terms of the agreement weren’t disclosed in a statement from the companies on Monday.
Nexstar has 200 owned or partner TV stations in 116 markets, including many affiliated with Fox, NBC and CBS. The Texas-based company has been in a contract renewal fight that’s led to blackouts of Nexstar stations on DirecTV systems.
“Unfortunately, over the past decade-plus access to your programming has become a battleground for networks and stations to try to drive up higher rates,” Bill Morrow, chief executive officer of DirecTV, said in a statement, thanking customers for their patience. “As our customers, we recognize that while you may be able to access some programming over-the-air or on a streaming service during these periods, that is not the experience you expect.”
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