Nexstar and Hawaiian Telcom Reach Multi-year Distribution Agreement

Rhea-AI Summary

Nexstar Media Group, Inc. (NASDAQ: NXST) and Hawaiian Telcom reach a multi-year distribution agreement covering Nexstar’s local TV stations in Hawaii, NewsNation, and Rewind TV, allowing Hawaiian Telecom subscribers to enjoy uninterrupted access to high-quality national and local content. The agreement includes favorite network entertainment programming, Women’s World Cup soccer matches, and in-depth local news, weather and sports coverage by KHON-TV, KHON2, and KHII-TV.

Positive

• Comprehensive multi-year distribution agreement ensures uninterrupted access to high-quality national and local content for Hawaiian Telecom subscribers
• Agreement covers Nexstar’s local TV stations in Hawaii, NewsNation, and Rewind TV, including favorite network entertainment programming, Women’s World Cup soccer matches, and in-depth local news, weather and sports coverage by KHON-TV, KHON2, and KHII-TV

Negative

• None.

Agreement Covers Nexstar’s Local TV Stations KHON-TV (FOX), KHON2 (CW), and KHII-TV (MyNet), Cable News Network NewsNation, and Digital Subchannel Rewind TV

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) and Hawaiian Telcom today announced that they have reached a comprehensive multi-year distribution agreement covering Nexstar’s three local television stations serving Hawaii, national cable news network, NewsNation, and the company’s digital network, Rewind TV.

The agreement means that thousands of Hawaiian Telecom subscribers will once again be able to enjoy Nexstar’s high-quality national and local content without interruption, including their favorite network entertainment programming, Women’s World Cup soccer matches, and the in-depth local news, weather and sports coverage provided by KHON-TV, KHON2 and KHII-TV. Financial terms of the agreement we not disclosed.

About Nexstar Media Group, Inc.

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across television, streaming and digital platforms, including more than 300,000 hours of news, sports, and entertainment programming each year. Nexstar owns America’s largest local broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 212 million people. Nexstar’s national television properties include The CW, America’s fifth major broadcast network, NewsNation, America’s fastest-growing national news and entertainment cable network reaching 70 million television homes, popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company’s portfolio of digital assets, including The Hill and BestReviews, are collectively a Top 10 U.S. digital news and information property. In addition to delivering exceptional content and service to our communities, Nexstar provides premium multiplatform and video-on-demand advertising opportunities at scale for businesses and brands seeking to leverage the strong consumer engagement of our compelling content offering. For more information, please visit nexstar.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230721423769/en/

Nexstar Media:

Gary Weitman

EVP & Chief Communications Officer

972/373-8800 (office)

gweitman@nexstar.tv

Investor:

Joseph Jaffoni or Jennifer Neuman

JCIR

212/835-8500 or nxst@jcir.com

Source: Nexstar Media Group, Inc.

FAQ

What is the agreement between Nexstar Media Group, Inc. and Hawaiian Telcom about?

The agreement covers a multi-year distribution agreement allowing Hawaiian Telecom subscribers to access Nexstar’s local TV stations in Hawaii, NewsNation, and Rewind TV.

What content will be available to Hawaiian Telecom subscribers through this agreement?

Hawaiian Telecom subscribers will have access to favorite network entertainment programming, Women’s World Cup soccer matches, and in-depth local news, weather and sports coverage by KHON-TV, KHON2, and KHII-TV.

What is the financial aspect of the agreement?

Financial terms of the agreement were not disclosed.

What companies are involved in the distribution agreement?

Nexstar Media Group, Inc. (NASDAQ: NXST) and Hawaiian Telcom are involved in the distribution agreement.