Another Station Group Chief Says to Nets: Hands Off Retrans Monies

Nov 11, 2009  •  Post A Comment

The ongoing fight between networks and stations over how to split retrans revenue continues to heat up, reports B&C.

Nexstar Broadcasting Group Chairman/President/CEO Perry Sook is the latest on the station side to speak up. 

On the company’s third-quarter earnings call today, Sook cautioned the networks to steer clear of the group’s retransmission consent cash.

 "I don’t understand why the networks would feel they’re entitled to a piece of a revenue stream that we developed, that they had no hand in negotiating, documenting or collecting," Sook was quoted as saying. "With all due respect to my friends at the networks, I contend that the network programming is not the main reason that we’re receiving compensation–it’s the local programming."

— Allison J. Waldman

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