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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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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Canadian Shares Notably Lower
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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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