Nexstar and Optimum partner and enter into an agreement to return Nexstar content to Optimum customers immediately through Investing.com
Programming has already been renewed for two million viewers, including NFL playoff games and local news
IRVING, Texas & NEW YORK–(BUSINESS WIRE)–Nexstar Media Group, Inc. (NASDAQ: NXST) and Altice USA (NYSE: ATUS) announced today that they have reached a comprehensive partnership agreement and all Nexstar programming has been restored to Altice USA Optimum TV customers.
Together, Nexstar and Optimum thank our customers and viewers for their patience while we partnered on the best offer for them.
The specific terms of the agreement have not been published.
About Nexstar Media Group (NASDAQ:), Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes compelling 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 the largest US local broadcast television group consisting of premium network affiliates, with 200 owned or partner stations in 116 US markets reaching 220 million people. Nexstar’s national television assets include The CW, America’s fifth largest television network, NewsNation, our national news network that provides news for all Americans, the popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership interest in the TV Food Network. The company’s portfolio of digital assets, including the websites of local TV stations, The Hill and NewsNationNow.com, are collectively among the top 10 digital news and information sites in the US. For more information, visit nextstar.tv.
About Optimum
Optimum is a brand of Altice USA, one of the largest broadband and video providers in the United States, providing broadband, video, mobile, proprietary content and advertising services to approximately 4.6 million residential and business customers in 21 states. The company operates Optimum Media, an advanced advertising and data business, which provides audience-based multi-screen advertising solutions to local, regional and national companies and advertising clients. Altice USA also offers hyper-local news through its News 12 networks.
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Nextstar media contact:
Gary Weitman
EVP and Chief Communications Officer
Nextstar Media Group, Inc.
972.373.8800 or gweitman@nexstar.tv
Contact for investors in Nextstar:
Joseph Jaffoni or Jennifer Neuman
JCIR
212.835.8500 or nxst@jcir.com
Optimum contact with the media:
Stephen Stokes
917.553.0667 or stephen.stokes@optimum.com
Source: Altice USA
