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

Rhea-AI Summary

Nexstar Media Group (Nasdaq: NXST) has announced a multi-year agreement for its cable network, WGN America, to be available on YouTube TV starting January 19, 2021. This partnership expands WGN America's reach by adding over 3 million new subscribers to its current 75 million households. Sean Compton, President of the Networks Division, expressed optimism about further expanding WGN America's audience, including coverage of major events like the Presidential inauguration.

Positive

• Partnership with YouTube TV adds over 3 million new subscribers for WGN America.
• WGN America currently reaches approximately 75 million television households.

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• 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 agreement with YouTube TV to be carried by the cloud-based streaming service beginning Jan. 19, 2021.

The agreement enables WGN America to add more than 3 million new subscribers to the national reach of the cable network, currently available in approximately 75 million television households across the United States. WGN America is the home of NewsNation, the country’s only live nationwide newscast airing in prime-time every night.

“We are extremely happy to have WGN America joining YouTube TV and we expect to continue the strategic expansion of WGN America to even more viewers in the months ahead,” said Sean Compton, President of the Networks Division of Nexstar Inc. “We look forward to bringing WGN America’s programming and NewsNation’s fact-based, unbiased reporting to YouTube TV subscribers, including coverage of the Presidential inauguration, which takes place just after our partnership begins.”

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.