In Depth

Nexstar Stations Renew Affiliation Agreement With CBS

Press release from Nexstar Broadcasting Group, Inc., Sept. 10, 2012:

IRVING, Texas– Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it has entered into long-term agreements through December 2018 with the CBS Television Network for eight stations that it owns and operates. The Nexstar-owned CBS-affiliated stations include KLBK in Lubbock, Texas; KLST in San Angelo, Texas; KTAB in Abilene-Sweetwater, Texas; WCIA in Champaign-Springfield-Decatur, Illinois; WFRV in Green Bay, Wisconsin; WJMN in Marquette, Michigan; WMBD in Peoria-Bloomington, Illinois; and WROC in Rochester, New York. In addition, Mission Broadcasting, Inc. has entered into a new long-term affiliation agreement for its CBS-affiliated station KOLR in Springfield, Missouri.

Commenting on the agreements, Nexstar Broadcasting Group President and CEO, Perry A. Sook said, “We are delighted to continue our relationship with CBS in these important television markets through the long-term extension of our affiliation agreements. CBS has a strong slate of programming including beloved primetime hits such as The Big Bang Theory, How I Met Your Mother, CSI, and Two Broke Girls; highly-anticipated new Fall series including Elementary and Vegas; award-winning news and information series including 48 Hours Mystery and 60 Minutes; and exciting sports programming like NCAA / NFL Football. Our affiliation with CBS combined with our stations’ market-leading local news and unique community-focused programming allows us to deliver great entertainment and information to viewers as well as superior marketing solutions for advertisers.”

“This mutually beneficial long-term affiliation renewal recognizes the value of CBS Television programming,” said Diana Wilkin, President of Affiliate Relations for the CBS Television Network said. “These are nine important markets where Nexstar has consistently delivered strong local programming and community service, which has complemented television’s #1 line-up and news and sports franchises extremely well. Our companies share a commitment to strengthening our revenues, advertisers and audiences, and these agreements are important to our mutual efforts.”

Nexstar owns, operates, or provides services to 11 CBS-affiliated stations. The previous affiliation agreements for the nine stations expired at various times in 2012, 2013 and 2014. The CBS affiliation agreements for WTAJ in Johnstown-Altoona, Pennsylvania and WYOU in Wilkes Barre-Scranton, Pennsylvania (owned by Mission) follow separate renewal schedules and are due to expire in June 2016 and June 2015, respectively.