In a recent question-and-answer session, Nexstar Broadcasting CEO Perry Sook indicated the Nexstar stations that carry Oprah may replace the show with local programming when the show ends next September. KODE is technically owned by Mission Broadcasting, but tthe station is operated by Nexstar.
Well, we do have a contract in I think nine Nexstar markets with a lady by the name of Oprah Winfrey, and that expires in September of 2011. That’s approximately 25% of our entire programming expense line. And that will be replaced by and large with local programming, so there will be a portion, a fraction of that license fee that will be reinvested into the news budget to create local news or information type programming in those time periods, by and large the bulk of those license fees will be put into our pocket as savings and go to the bottom line.
A move to local programming in a slot normally filled with syndicated programming would not be unprecedented locally for Nexstar, which recently expanded the 6 p.m. newscast at KSNF to one hour.