It probably goes without saying, and maybe that's why I didn't say it, but as part of the recent deal between Cox Communications and Nexstar Broadcasting, Cox has agreed to drop its FCC complaint against Nexstar.
That tidbit of information was included in Nexstar's quarterly report filed Tuesday with the Securities and Exchange Commission.
The report contained the following information about the continuing standoff between Nexstar and Cable One, which has kept KODE and KSNF off Joplin cable since the end of 2004:
"On December 31, 2004, retransmission consent agreements with Cable One, Inc. (“Cable One”) expired for Nexstar’s television stations KTAL (Texarkana-Shreveport) and KSNF (Joplin), and for Mission’s television station KODE (Joplin). As a result, Cable One is not permitted by law to carry these stations’ signals. Nexstar and Mission have requested that Cable One pay a cash per subscriber fee in exchange for the right to carry the stations’ signals under new agreements. Cable One has informed Nexstar and Mission that it will not pay any cash fees for the carriage of the stations on its cable systems. If Nexstar and Mission do not reach new agreements with Cable One, the stations in the affected markets could lose audience share which may impact the stations’ revenue. The Company is currently unable to determine the ultimate outcome of this matter, but does not believe it will have a material effect on the Company’s financial condition or results of operations."
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