The CW television network and Nexstar Media Group renew their affiliation agreements
The agreements cover CW subsidiaries owned by Nexstar and its operating partners in 37 markets across the United States
The CW Television Network and Nexstar Media Group, Inc. (NASDAQ: NXST) and its operating partners announced today that they have entered into multi-year agreements to renew CW Network affiliations in 37 markets across the country (28 Nexstar and 9 TV channels). The agreements include five of the 10 largest subsidiaries in the market: WPIX-TV in New York, KTLA-TV in Los Angeles, KDAF-TV in Dallas, KIAH-TV in Houston and WDCW-TV in Washington, DC Taken together, the 37 the markets cover more than 31% of the American audience, serving more than 38 million television households.
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âAs the largest CW affiliate group in the country, Nexstar is very excited to extend its long-standing relationship with the network,â said Tom Carter, President, COO and CFO of Nexstar. âCW’s prime-time entertainment lineup, coupled with Nexstar’s highly rated local news and other market-driven programming, allows us to deliver great content to millions of viewers and a exceptional value to our advertisers. “
âWe are delighted to extend our valuable partnership, through a multi-year agreement, with our largest group of resorts, Nexstar. The linear broadcast model remains the backbone of our business model and is vitally important as it gives us the local scale and reach that sets us apart in today’s market as a network. original multiplatform, âsaid Betty Ellen Berlamino, executive vice president, Distribution, The CW. âThe successful launches of our new scripted series WALKER, SUPERMAN & LOIS and KUNG FU, added to our strong lineup which includes ALL AMERICAN, THE FLASH, RIVERDALE, NANCY DREW and BATWOMAN, combined with local news and exclusive content produced by Nexstar will continue. to deliver high-quality viewing to our audience and a first-class advertising platform for our advertisers. “
About the CW:
THE CW TELEVISION NETWORK was launched in 2006 as the fifth largest broadcast network in the United States, with programming targeting young viewers, a demographic in high demand by advertisers. The CW, a joint venture between Warner Bros. Entertainment and CBS Corporation, now airs week-long, offering fourteen hours of prime-time programming, Monday through Sunday, starting in the fall of 2021. The CW’s prime-time programming is also available to stream for free. , without authentication, on the ad-supported cwtv.com and The CW app, now available on all major OTT platforms. Additionally, The CW broadcasts a three-hour block for kids on Saturday mornings. CW’s digital network, CW Seed, launched in 2013 and features short-lived original digital content as well as past seasons of fan-favorite TV series. For more information on the network and its programming, visit www.cwtvpr.com.
About Nexstar Media Group:
Nexstar Media Group (NASDAQ: NXST) is a leading diversified media company leveraging localism to bring new services and value to consumers and advertisers through its traditional, digital and mobile media platforms. Its wholly-owned operating subsidiary, Nexstar Media Inc., is made up of three divisions: Broadcasting, Digital and Networking. The Broadcasting Division operates, schedules or provides sales and other services to 198 television stations and related digital multicast signals reaching 116 markets or approximately 39% of all U.S. television households (reflecting the UHF discount of the FCC). The division’s portfolio includes the main subsidiaries of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The digital division operates 120 local websites and 284 mobile apps delivering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how to access content and creating new revenue opportunities for the company. The Networks Division operates NewsNation, formerly WGN America, a national cable news and entertainment network reaching 75 million television homes, the Antenna TV multicast network and WGN Radio in Chicago. Nexstar also owns a 31.3% stake in TV Food Network, a leading cable asset. For more information, please visit www.nexstar.tv.
This communication includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections regarding future events. Forward-looking statements include information preceded, followed by or which includes the words âguidanceâ, âbeliefâ, âexpectsâ, âanticipatesâ, âcouldâ or similar expressions. For these statements, Nexstar claims safe harbor protection for the forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication, concerning, among other things, future financial performance, including changes of net sales, cash flow and operating expenses, involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies , the ability to service and refinance our outstanding debt, the successful integration of acquired television stations and digital businesses (including the realization of synergies and cost reductions), fluctuations in local and national advertising prices , future regulatory measures and conditions in the operating areas of the stations television, competition from others in the television broadcasting markets, volatility of programming costs, the effects of government regulation of b roadcasting, industry consolidation, technological developments and major global news events. Nexstar assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events referred to in this communication may not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. For more details on the factors that could affect these expectations, please see other documents filed by Nexstar with the Securities and Exchange Commission.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210520005646/en/
CW media contacts:
Paul Hewitt, 818 / 977-6171
Nate Kirtman, 818 / 977-5993
Nexstar media contact:
Executive Vice President and Head of Communications
972 / 373-8800
Nexstar investor contacts:
Joseph Jaffoni or Jennifer Neuman
212 / 835-8500 or [email protected]