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2 mentions found


☆ DirecTV removes Nexstar's programming after failing to reach distribution agreement
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: +1 min
July 2 (Reuters) - DirecTV removed TV station owner Nexstar Media Group's (NXST.O) network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday. "Nexstar continues to manipulate loopholes to exceed the 39% national ownership cap, and has made public statements lauding its 68% reach across all U.S. TV households," DirecTV said. Both companies added that they are in discussions to return Nexstar programming to DirecTV and are hopeful for a quick resolution. The lawsuit sought an order blocking Nexstar from allegedly colluding with Mission Broadcasting Inc and White Knight Broadcasting Inc in fee negotiations with DirecTV. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Rishabh, Rashmi Organizations: DirecTV, Nexstar Media, Sunday, Nexstar, ABC, CBS, NBC, FOX, CW, AT, Irving, Mission Broadcasting Inc, White Knight Broadcasting Inc, Thomson Locations: U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Texas, Bengaluru
☆ DirecTV sues Nexstar, station owners over retransmission fees
  + stars: | 2023-03-14 | by ( Jacqueline Thomsen | Thomson Reuters | Based In Washington | ) www.reuters.com   time to read: +2 min
March 14 (Reuters) - Satellite provider DirecTV on Tuesday sued Nexstar Media Group Inc (NXST.O) and two other television station owners in Manhattan federal court, claiming they violated antitrust law by scheming to drive up retransmission fees for stations broadcasting the four major networks. Pay-TV providers pay retransmission fees to station owners to broadcast their content. Twenty-seven stations owned by Mission and White Knight have been unavailable for DirecTV customers since October 2022 after they failed to agree on retransmission fees. Nexstar is expected to renegotiate its retransmission agreements with DirecTV, which is 70% owned by AT&T, possibly by later this year. The lawsuit said that by conspiring to set retransmission fees, the station groups forced providers and their customers "to pay supracompetitive prices or lose access to the most popular broadcast television programming."
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