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DIRECTV, Nexstar Reach Multi-Year Distribution Agreement
(RTTNews) - DIRECTV Group Inc.(DTV) and Nexstar Media Group, Inc. (NXST) on Monday have officially reached a comprehensive new multi-year distribution agreement covering 176 Nexstar-owned local television stations and the company's national cable news network, NewsNation. Terms of the agreements were not disclosed.
This follows the return of the television stations and NewsNation to DIRECTV, DIRECTV STREAM and U-verse on the morning of September 17.
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Shares of EchoStar Corp. dropped around 12 percent on Monday's regular trading and more than 1 percent in the extended trading on the Nasdaq after the firm agreed to sell its video distribution business Dish TV and digital business Sling TV to rival DirecTV for a nominal price of $1, plus the assumption of DISH DBS's net debt. The combination of DIRECTV and DISH would create the largest pay-TV...
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