Nexstar’s Cable Network, WGN America, Reaches First-Ever Carriage Agreement With fuboTV

Rhea-AI Summary

Nexstar Media Group (NASDAQ: NXST) announced a multi-year agreement for its cable network, WGN America, to be available on fuboTV starting mid-January. This marks Nexstar’s second partnership with a streaming service this month. The financial terms remain undisclosed. The agreement allows WGN America to extend its reach, especially for its flagship program, NewsNation, a nationwide newscast airing nightly. Sean Compton, President of the Networks Division, emphasized the importance of this expansion for reaching more viewers seeking unbiased news.

Positive

• WGN America will be available on fuboTV, enhancing its audience reach.
• This agreement marks Nexstar's second streaming service deal this month, indicating strategic growth.
• WGN America is home to NewsNation, appealing to viewers seeking unbiased news.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that its wholly-owned cable network, WGN America, has reached a new multi-year comprehensive agreement with fuboTV (NYSE: FUBO) to be carried by the live TV streaming platform beginning in mid-January. Today’s announcement marks Nexstar’s second agreement with a subscription-based streaming service reached this month. Financial terms were not disclosed.

The agreement enables WGN America to expand its reach to one of the leading live TV streaming platforms, where it will be available to fuboTV subscribers through its base package, fubo Standard. WGN America is the home of NewsNation, the country’s only live nationwide newscast airing in prime-time every night.

“This agreement with fuboTV is another significant step forward in the strategic expansion of WGN America,” said Sean Compton, President of the Networks Division of Nexstar Inc. “We are excited to be adding fuboTV’s customers to the reach of the network, and to be bringing NewsNation to even more viewers at a time when so many people are looking for fact-based, unbiased reporting to help them make sense of rapidly changing events across the nation.”

About Nexstar Media Group, Inc.

Nexstar Media Group (NASDAQ: NXST) is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Inc., consists of three divisions: Broadcasting, Digital, and Networks. The Broadcasting Division operates, programs, or provides sales and other services to 197 television stations and related digital multicast signals reaching 115 markets or approximately 39% of all U.S. television households (reflecting the FCC’s UHF discount). The division’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The Digital Division operates 122 local websites and 316 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. The Networks Division operates WGN America, a growing national general entertainment cable network and the home of NewsNation, multicast network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset. For more information please visit www.nexstar.tv.