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% More