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Nexstar Stations Cut Retrans Deals

by TVB Staff , September 4, 2008


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Nexstar Broadcasting has reached retransmission agreements with DirecTV and AT&T. The Irving, Texas-based television group said the multi-year deals grant the two carriers non-exclusive rights to carry the standard- and high-definition signals of Nexstar“s 50 owned and/or operated TV stations across 29 markets in Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York

. The combined reach of the stations covers around 8.5 percent of U.S. TV households.

Nexstar (NASDAQ: NXST) shares rose slightly just a few pennies following the news, from around $3.37 to $3.44.

Nexstar posted income of $3.9 million on revenues of $70.7 million in the second quarter this year, compared to a loss of $1.3 million on $68.7 million a year ago, and a loss of $100,000 on revenues of $63.7 million in 1Q. Retrans fees generated $4.8 million in 2Q, up 14 percent from a year ago.





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