NEW YORK and IRVING, Texas – Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and Mission Broadcasting announced today that they have reached a four-year agreement to renew the existing NBC Television Network affiliations of their stations in 21 markets across the country. The stations are affiliates of various television networks, including ABC, CBS, NBC, Fox and The CW as well as numerous specialty channels. Sinclair Broadcast Group, a media company, owns or operates 294 television stations across the United States in 89 markets ranging in size from as large as Washington, D.C. to as small as Ottumwa, Iowa–Kirksville, Missouri.. The previous affiliation agreements were set to expire in December 2019.Commenting on the agreement, Nexstar Media Group President and CEO, Perry A. Sook said, “We are proud to again partner with NBC. WZTV and WUXP-TV are owned by Sinclair Broadcast Group; WKRN-TV is owned by Nexstar ; and WTVF and WNAB are E.W. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this communication might not occur. For advertisers, it will provide greater efficiency for their spend with elevated addressability, personalization and accountability. Barrington Broadcasting Group, LLC, headquartered in Schaumburg, Illinois was an American corporation focused on broadcast television, primarily in middle and small size media markets.Barrington owned or operated via duopoly twenty-four television stations, with the potential to reach 3.4 percent of households in the U.S.
These agreements also mark the successful completion of essentially all of Nexstar’s outstanding network affiliation renewals for 2019. Nexstar owns, operates, programs or provides sales and other services to 197 television stations and related digital multicast signals reaching 115 markets or approximately 39% of all U.S. television households (reflecting the FCC’s UHF discount). The consortium will promote innovation and develop and explore products and services associated with ATSC 3.0 and monetization opportunities such as spectrum utilization, virtual MVPD platforms, multicast channels, automotive applications, single frequency networks and wireless data applications, among others.Upon adoption of ATSC 3.0, consumers will be able to integrate video content and data across numerous “smart” devices, to more effectively and efficiently address their information and entertainment needs. Collectively, these stations reach approximately 11.4% of U.S. television households, or about 12.5 million homes. The value of this captured data across all Next Gen-enabled devices and their users can be monetized several ways. Unlike prior industry efforts which were based on flawed technology, this consortium has been established in anticipation of the adoption of the ATSC 3.0 “Next Generation” broadcast transmission standard and its proven capabilities. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or nearly 39 percent of all U.S. television households. We have based these forward-looking statements on our current expectations and projections about future events. Data gathering, measurement and viewer behavior are critical considerations for advertisers and our collaborative initiative will ensure that Sinclair, Nexstar and perhaps other industry participants are out of the blocks quickly once ATSC 3.0 is launched. In addition, we welcome the involvement of other broadcasters who share our enthusiasm for the new technology which will allow our industry to continue to thrive in today’s multi-platform world.”Chris Ripley, President and Chief Executive Officer of Sinclair Broadcast Group, Inc. added, “Nexstar shares our vision for broadcast standard innovation and the benefits of knowing with precise accuracy who is viewing our programming, what they’re watching and when they’re watching. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. KATU is affiliated with the ABC Network. For more information please visit This communication includes forward-looking statements. Our new affiliation agreements recognize the value of the network’s broad range of compelling news, sports, and entertainment programming, and reflect the importance of our stations to NBC and to the viewers of the local communities we serve. Similarly broadcasters will realize greater efficiencies in reaching and monetizing a significantly larger advertising market.Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group, Inc. commented, “We are delighted to join forces with Sinclair who has led the industry in advancing the ATSC 3.0 broadcast standard and its adoption. “We have a strong partnership with Nexstar, and look forward to our continued collaboration to bring NBC programming to millions of households across the country.”Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms.