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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EchoStar Stock Hit On Deal To Sell Dish TV To DirecTV
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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Nexstar Media And Fox Renew Multi-Year Agreement
Nexstar Media Group, Inc. (NXST), and Fox Corp. (FOXA, FOX) announced Tuesday that they have reached a comprehensive multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the U.S., including those in six of the country's top twenty markets.
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Canadian Market Settles Lower; TSX Sheds 0.6%
The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserve's interest rate trajectory.
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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
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Canadian Shares Notably Lower
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
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Swiss Market Ends Lower On Growth Concerns
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
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U.S. Dollar Strengthens After Strong Retail Sales Data
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
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European Stocks Close Lower On Rate Cut Uncertainty, Growth Concerns
European stocks closed lower on Friday, weighed down by concerns about the outlook for U.S. interest rate cuts following Federal Reserve Chair Jerome Powell's hawkish comments. Disappointing economic data from China weighed as well.
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