ViacomCBS (NASDAQ: VIACA, VIAC) and Nexstar Media Group, Inc. (Nasdaq: NXST) announced a multi-year agreement to renew nine CBS network affiliations for Nexstar stations, reaching approximately 3.5% of the U.S. audience and nearly four million television households. The deal extends CBS/Nexstar affiliations that were set to expire later this year and covers two top-50 market affiliates, WNCN-TV in Raleigh, NC and KLAS-TV in Las Vegas, NV.
In August 2019, ViacomCBS and Nexstar completed an affiliation agreement covering 19 Nexstar stations in 15 markets, reaching approximately 5% of the U.S. audience and nearly six million television households. The agreement announced today, coupled with the August agreement and other prior renewals, marks the long-term extension of substantially all of the ViacomCBS affiliation agreements covering 49 Nexstar television stations.
Nexstar is the largest independent operator of CBS affiliates, covering 14% of the U.S. and serving more than 15 million households. Nexstar owns and/or operates CBS affiliates in 41 markets. Nexstar’s CBS affiliates are also locally available to subscribers on CBS All Access, CBS’ digital subscription video on-demand and live streaming service, and distributed across cable and satellite television services as well as virtual multichannel video programming distributor platforms.
The latest agreement consists of renewals for these Nexstar-owned CBS affiliates: WNCN-TV in Raleigh-Durham, N.C.; KLAS-TV in Las Vegas, NV.; KGPE-TV in Fresno-Visalia, C.A.; WYOU-TV in Wilkes Barre-Scranton, PA. (Mission Broadcasting); KVEO-TV in Harlingen-Brownsville, TX.; WTAJ-TV in Johnstown-Altoona-St. College, PA.; KXMC-TV in Minot-Bismarck-Dickinson, ND.; WVNS-TV in Bluefield-Beckley-Oak Hill, WV.; and KREX-TV in Grand Junction-Montrose, CO.
