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