Nexstar Media Group said it reached a new affiliation agreement with Fox Broadcasting covering stations in 31 markets covering 8% of the U.S.
The agreement also includes the eight Fox affiliates Nexstar is acquiring as it buys Tribune Media. When that deal closes, Nexstar will be the largest independent Fox affiliate owner, with 17.5 million households covering 16% of the U.S.
“We are delighted to reach this long-term extension of our affiliation agreements with Fox well ahead of the expiration date of the existing contracts and in a manner that mutually recognizes the value of our partnership,” stated Perry Sook, Nexstar Media Group founder and CEO. “Fox’s marquee sports programming line-up, including NFL Thursday Night Football and Sunday games, MLB, NASCAR, MLS and the soon to launch WWE’s Friday Night Smackdown as well as college football, collectively draw hundreds of millions of fans across the country.”
“The combination of Nexstar’s highly-rated local news programming with Fox’s exciting sports and entertainment programming support our goals for delivering great content and information to viewers, while providing effective, multiplatform marketing opportunities for local and national advertisers,” Sook said.
Financial terms were not disclosed.
“We are pleased to continue our affiliation with Nexstar, which is one of our longstanding and valued partners,” added Mike Biard, president, operations and distribution for Fox Corporation. “Together Fox and Nexstar deliver leading primetime, sports and local programming to our audiences, and with this new agreement we look forward to continuing to provide consumers with an unrivaled television viewing experience for years to come.”
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.