Multi-Year Renewal Covers CBS Affiliated
Television Stations in 42 Markets Owned by Nexstar
and Mission Broadcasting, Inc.
Paramount-owned Stations in Miami and Detroit To Become CW Network
Affiliates on September 1
IRVING,
Texas and NEW YORK,
July 30,
2024 /PRNewswire/ -- Nexstar Media Group, Inc.
(NASDAQ: NXST) (Nexstar) and Paramount Global (NASDAQ: PARA, PARAA)
(Paramount) today announced that Nexstar and its operating partner,
Mission Broadcasting, Inc. (Mission), have reached comprehensive
multi-year agreements to renew CBS Television Network affiliations
in 42 markets across the country, including 40 stations owned by
Nexstar and two stations owned by Mission. Together, the 42
stations reach 15% of the U.S. audience, serving nearly 19 million
television households.
In addition, two Paramount-owned independent stations in
Miami, Florida, and Detroit, Michigan, both top-20 markets, will
become affiliates of The CW Network on September 1. WBFS-TV in Miami and WKBD-TV in Detroit will begin carrying the network's
news, primetime entertainment, live sports, and special event
programming at that time.
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 310,000 hours of programming
produced annually by its business units. Nexstar owns America's
largest local television broadcasting group comprised of top
network affiliates, with 200 owned or partner stations in 116 U.S.
markets reaching 220 million people. Nexstar's national television
properties include The CW, America's fifth major broadcast network,
NewsNation, our national news network providing "News for All
America," 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 Paramount
Paramount Global (NASDAQ: PARA, PARAA)
is a leading global media, streaming and entertainment company that
creates premium content and experiences for audiences worldwide.
Driven by iconic consumer brands, Paramount's portfolio includes
CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET,
Paramount+ and Pluto TV. Paramount holds one of the industry's most
extensive libraries of TV and film titles. In addition to offering
innovative streaming services and digital video products, the
company provides powerful capabilities in production, distribution,
and advertising solutions.
For more information about Paramount, please visit
www.paramount.com and follow @ParamountCo on social platforms.
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SOURCE Paramount Global