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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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426 days ago
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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567 days ago
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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699 days ago
Australian Market Adds Sharply To Early Gains In Mid-market
The Australian stock market is sharply extending its early gains in mid-market trading on Tuesday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,400 level, with gains across all sectors led by gold miners and technology stocks as some traders picked stocks at a bargain after the recent slump.
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4h 36min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders are optimistic after the US said almost 70 countries have contacted them to begin negotiations on tariffs after the US slapped steeper-than-expected reciprocal tariffs on its trading partners. Some traders are also picking up stocks at a huge bargain after recent sell-off.
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4h 53min ago
Sensex, Nifty Set To Follow Asian Peers Higher
Indian shares look set to open higher on Tuesday despite signs of rising tensions between the U.S. and China.
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5h 38min ago
Thai Stock Market May Extend Losing Streak
Ahead of Monday's holiday for Chakri Day, the Thai stock market had moved lower in two straight sessions, sinking almost 50 points or 4.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,125-point plateau and it's looking at another soft start again on Tuesday as it catches up on missed sentiment.
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6h 5min ago
Japanese Market Sharply Higher; Up 6%
The Japanese stock market is skyrocketing on Tuesday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight, with the Nikkei 225 soaring more than 6 percent to above the 33,000 mark, with string gains across all sectors led by index heavyweights and financial stocks.
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6h 33min ago
