Published on 24 Jan 2022 on Zacks via Yahoo Finance
ViacomCBS (VIAC) Renews Affiliation Agreement With Nexstar
ViacomCBS VIAC recently announced that it has renewed its CBS Television Network affiliation agreement with Nexstar’s NXST wholly-owned subsidiary Nexstar Media and its operating partners in 39 markets across the country.The combined reach of the 39 markets is 14% of the U.S.-based audience, serving 17.4 million television households.With the recently-announced renewal, all ViacomCBS and Nexstar’s affiliation renewals are completed.Per the agreement, Nexstar’s CBS affiliates will continue to be available locally to Paramount+ subscribers and widely-distributed Virtual Multichannel Video Programming Distributor (vMVPD) platforms.The affiliation agreement with Nexstar Media will enable ViacomCBS to drive greater efficiency and expand its footprint to connect with more people.
ViacomCBS Inc. Price and Consensus
