Friday, January 20, 2006

Nexstar, Hearst-Argyle Hit Jackpot With Retrans Agreements

Source: Cynthia Turner Cynopsis After a tough year, Nexstar Broadcasting Group has won its battle to receive retransmission consent deals from 145 different cable operators, and to the tune of $40 million over the next 3-5 years, the majority in cash, according to Multichannel News. Nexstar went looking for retrans money last year and the results initially pushed the stations off Cox and Cable One systems in four markets for nearly a full year. That resulted in the loss of 75,000 cable subs, and as you might imagine, a fair amount off the Nexstar bottom line. With the four new deals in place, Nexstar has another 10 systems it is currently negotiating with, tho no info how those talks are progressing.

Also chiming in with its own retrans deals is the Hearst-Argyle group, reportedly being paid approx $11 million for its new deals with Echostar. Hearst-Argyle also owns Lifetime Television, and the cost of its retrans deal with Echostar, which this time around did not include Lifetime as part of the package, left the cable network off the system following its own dispute with Echostar over license fees.

6 Comments:

At 1:28 PM, January 21, 2006, Anonymous Anonymous said...

With all that money Nexstar made, maybe they'll get the Associated Press wire service and Nielsen back.. just like all other television stations in the country.

 
At 3:42 PM, January 21, 2006, Anonymous Anonymous said...

or update their stations to the 90's...Hey Nextstar you want to shock people into hearing your name??? pay your employees more money than everyone else, then you would have talent coming in, and national known as the good station. Before too long you would be a BIG BOY. It's going to take more than dropping the Book of Daniel or taking on backwood cable stations for you to be for real.
Before you But one more crappy station and take away the home town element and suck it dry. Drive to Shreveport or LR and help them first.

 
At 9:44 AM, January 22, 2006, Blogger Randy said...

Things could be worse. Nexstar is actually the highest paying television company in the Joplin, MO market.

 
At 3:49 PM, January 22, 2006, Anonymous Anonymous said...

I am glad to see other people think that Nexstar sucks the hometown feel out of TV stations stations they buy. KARK was Great compared to what they are now.
They, excuse me, "SUCK"!

I think back to when Gannett bought KTHV. Gannett improved the news programs and brought in new tools. Nexstar has not added anything to KARK product.

 
At 7:18 PM, January 23, 2006, Anonymous Anonymous said...

Dropping TBOD only solidies the Hick image Nexstar has. Add in no HD, no AP, and its 2nd/3rd tier syndicated programming all makes Nexstar stations have that wonderful third-world nation broadcast quality.

 
At 3:01 PM, January 25, 2006, Anonymous Anonymous said...

Does this mean more money for Jancey ??????

 

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