The CW Network, 75% owned by Nexstar (NXST), and Sinclair Broadcast (SBGI) announced a multi-year deal that renews affiliations across 35 markets, including 10 markets in which Sinclair provides sales and other services to a CW-affiliated station. In addition, beginning September 1, Sinclair will launch The CW on two new affiliate stations, KOMO-TV, in Seattle, Washington, and WPNT-TV in Pittsburgh, Pennsylvania – both stations currently broadcast LIV Golf and will expand carriage to include the entire CW Programming offering. Financial terms of the agreement were not disclosed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NXST:
- CW Network, Gray Television expand and extend affiliation partnership
- Nexstar price target lowered to $205 from $210 at Deutsche Bank
- Broadcast station owners want rights to local NBA, NHL and MLB games, CNBC says
- Nexstar extends employment pact for CCO Gary Weitman
- Nexstar reports Q2 EPS $2.64, consensus $2.35