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TEGNA and Mediacom Communications Reach New Retransmission Consent Agreement
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
TEGNA (NYSE: TGNA) and Mediacom Communications have reached a new agreement to renew the carriage of TEGNA stations on Mediacom. This deal ensures that TEGNA's 12 owned stations will be available to affected Mediacom customers soon. TEGNA’s EVP, Lynn Beall, emphasized the importance of providing subscribers access to local news, sports, and network content. The agreement aims to enhance viewer experience and service delivery in Mediacom markets.
Positive
New carriage agreement with Mediacom ensures continued access to TEGNA's 12 stations for subscribers.
Agreement emphasizes delivery of local news and sports content, which can enhance viewer engagement.
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None.
TYSONS, Va. and MEDIACOM PARK, N.Y.--(BUSINESS WIRE)--
TEGNA Inc. (NYSE: TGNA) and Mediacom Communications today announced they have reached a new agreement regarding renewed carriage of TEGNA stations on Mediacom. All TEGNA stations will return to impacted Mediacom homes as soon as possible.
“We are pleased to announce that we have reached a new agreement,” said Lynn Beall, EVP and COO, media operations, TEGNA, and Italia Commisso-Weinand, EVP of programming and human resources for Mediacom. “This new agreement provides subscribers with access to valuable and important live local news, live local and national sports and popular network content. We appreciate the patience of our viewers while we worked to reach an agreement.”
The agreement includes retransmission consent for 12 TEGNA-owned stations in Mediacom markets.
About TEGNA
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also owns leading multicast networks True Crime Network, Twist and Quest. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. For more information, visit www.TEGNA.com.
About Mediacom
Mediacom Communications Corporation is the 5th largest cable operator in the United States and the leading gigabit broadband provider to smaller markets primarily in the Midwest and Southeast. Through its fiber-rich network, Mediacom provides high-speed data, video and phone services to 1.5 million households and businesses across 22 states. The company delivers scalable broadband solutions to commercial and public-sector customers of all sizes through Mediacom Business, and sells advertising and production services under the OnMedia brand. More information about Mediacom is available at www.mediacomcable.com.
