This past weekend, Nexstar announced a new temporary deal that brought back over 159 ABC, CBS, Fox, NBC and CW affiliate channels plus NewsNation back to DirecTV cable customers. The two companies have been locked in a carriage dispute since July, resulting in many of local ABC’s channels being blacked out.
Shortly after the announcement, the channels returned to cable providers, just in time for ABC viewers to watch today’s next instalment of Monday Night Football.
And today, the two companies have announced a new multiyear deal, putting an end to this carriage dispute.
DIRECTV and Nexstar Media Group, Inc. (NASDAQ: NXST) have officially reached a comprehensive new multi-year distribution agreement covering 176 Nexstar-owned local television stations and the company’s national cable news network, NewsNation. This follows the return of the television stations and NewsNation to DIRECTV, DIRECTV STREAM and U-verse on the morning of Sept. 17.
Terms of the agreements were not disclosed.
DIRECTV and Nexstar greatly appreciate the patience of their subscribers and viewers during this negotiation.
It’s unknown how many subscribers have been impacted by this situation, Nexstar has said it has impacted more than ten million subscribers in many regions, including Los Angeles, Chicago, Philadelphia, San Francisco and Denver, while DirecTV has stated it has been much lower.
Last week, it was revealed that Disney has been in talks with Nexstar about selling some ABC stations, so having this situation sorted, may help Nexstar in its efforts to obtain those ABC channels from Disney, as being in a dispute might have been an issue for Disney.
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