On Tuesday, Nexstar Media Group, Inc. (NXST) and Paramount Global (PARA) announced the renewal of multi-year agreements to extend CBS Television Network affiliations in 42 markets.
The financial terms of these agreements remain confidential.
This arrangement includes 40 stations owned by Nexstar and 2 stations owned by Mission Broadcasting, Inc., Nexstar's partner. Collectively, these stations reach approximately 15% of the U.S. audience, covering nearly 19 million television households.
Additionally, Paramount's independent stations, WBFS-TV in Miami and WKBD-TV in Detroit, will become affiliates of The CW Network starting September 1, 2024. These stations will broadcast the network's news, primetime entertainment, live sports, and special event programming.
