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Nexstar Media And Fox Renew Multi-Year Agreement
(RTTNews) - 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.
In addition, Fox Corp. has reached agreements to renew the FOX affiliations of 12 stations that have shared services agreements with Nexstar, 11 of which are owned by Mission Broadcasting, Inc., and one of which is owned by White Knight Broadcasting, Inc.
Collectively, these 41 television stations renewing their FOX affiliations reach almost 22 million television households. Financial terms of these agreements were not disclosed.
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Disney's ESPN, FOX, Warner Bros. Discovery To Launch Streaming Sports Service
Media companies ESPN, a subsidiary of Walt Disney Co., along with FOX and Warner Bros. Discovery are joining together to launch a streaming sports service in the United States in the fall of 2024. The companies have reached an understanding on principal terms to form a new joint venture to provide sports content all in one place outside of the traditional bundle.
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DIRECTV, Nexstar Reach Multi-Year Distribution Agreement
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.
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Fox Q3 Results Top Estimates
Fox Corp. on Tuesday reported a net loss for the third quarter compared to a profit last year, primarily reflecting charges associated with legal settlement costs at FOX News Media. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also authorized a $7 billion stock repurchase program.
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TSX Sheds 1.1% As Stocks Tumble On U.S. Policy Uncertainty
The Canadian market closed notably lower on Thursday amid uncertainty about the Trump administration's moves with regard to tariffs and economic policies.
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Dollar Stays Weak Against Most Major Counterparts
The U.S. dollar stayed weak against most of its major counterparts on Thursday, although the decline was not any significantly pronounced.
Traders continued to track the developments on the tariff front, and digested the latest batch of economic data, and the European Central Bank's decision to lower interest rates once again.
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Oil Futures Settle Slightly Higher
Oil futures settled slightly higher on Thursday after some wild swings amid uncertainty about the outlook for oil demand, and on possible excess supply in the market.
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U.S. Dollar Weakens As Tariff Concerns Ease
The U.S. dollar declined against its major counterparts in the New York session on Thursday, as worries about tariffs eased following the Trump administration's decision to delay car tariffs for Canada and Mexico by a month.
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Canadian Market Down Firmly In Negative Territory
The Canadian market is down sharply Thursday afternoon amid concerns the trade war with the U.S. could hurt growth and adversely impact corporate earnings.
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