Carthage and Lamar viewers do not face the prospect of losing KODE and KSNF at the end of the current calendar year.
Cox Communications and Nexstar Broadcasting officials announced today they had reached an agreement on retransmission rights. The deal will also cover Cox service areas that carry KOLR and KSFX in Springfield.
The deal covers Nexstar and Mission Broadcasting stations in Abilene/Sweetwater, Texas; San Angelo, Texas; Lubbock, Texas; Amarillo, Texas; Odessa/Midland, Texas; Beaumont/Port Arthur, Texas; Shreveport, La.; Fort Smith, Ark.; Little Rock, Ark.; Monroe, Ark.; and El Dorado, Ark, according to Business Wire.
Terms of the deal were not released, meaning either Nexstar was paid too little or too much.
6 comments:
Not so fast Randy. It is common for parties to agree not to publish terms of a contract. Especially in a situation like this that would give one side (cable companies) an advantage over another entity (broadcasters).
Whatever the deal is, it is a major victory for Nexstar to have any cable company pay them.
"paying too much or too little?"
Why didn't you make this comment when KOAM reached a deal with CableOne?
Frankly, because it appears that the Cable One deal may have had more to do with the immediate ability to broadcast high definition TV over the cable system. I haven't detected any hint that Cable One made any great sacrifices to keep KOAM and FOX 14 though I am not privy to any of the details of the agreement.
KOAM & KJFX did not recieve any cash per subscriber. Nexstar won't either....Cox's deal will not force their hand.
The real litmus test on whether this deal helps Nexstar is to watch their stock price over the next week. So far today not much movement.
As of noon, their stock is up 10 cents per share, or 2 percent. The deal with Cox appears to be having a positive impact.
But before you call your broker with a "buy" order consider that the stock was trading at nearly $10 a share in the past year and is now just shade over $5. Still a long way to go to get back to even.
It just means that cable rates
will rise.
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