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Nexstar Media Reaches Multi-Year Distribution Agreement With Fubo
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Nexstar Media Group, Inc. (NASDAQ: NXST) and FuboTV Inc. (NYSE: FUBO) have reached a new comprehensive multi-year distribution agreement covering 89 Nexstar-owned local TV stations and Nexstar’s national cable news network, NewsNation. The agreement includes stations affiliated with The CW Network, MyNetworkTV, ABC, and independents, with financial terms undisclosed.
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Agreement Covers 89 Nexstar-owned Local Television Stations Across the U.S. and Nexstar’s National Cable News Network, NewsNation
IRVING, Texas--(BUSINESS WIRE)--
Nexstar Media Group, Inc. (NASDAQ: NXST), and FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), today announced that they have reached a new comprehensive multi-year distribution agreement covering 89 Nexstar-owned local TV stations affiliated with The CW Network, MyNetworkTV, ABC, and independents, including 37 CW Network affiliates, 25 MyNetworkTV affiliates, 23 ABC affiliates, and four independent television stations. The agreement also extends Fubo’s carriage of Nexstar’s national cable news network, NewsNation. Financial terms were 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 its television and digital platforms, including more than 300,000 hours of programming produced annually by its business units. 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 cable news network, 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 its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv.
About FUBO
With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France. In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 300 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2022). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers. Learn more at https://fubo.tv
