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Dish And Fox Reach Agreement

Posted by admin on 9th April and posted in Uncategorized

Fox59, like many other channels across the country, took its hearings when the deadline was imminent. Nexstar responded with its own press release the next day, saying Dish was “ready to take its subscribers hostage instead of reaching an agreement with Nexstar and other channels.” In DISH`s statement that it intended to obscure subscribers of their local and network programming and Nexstar content, the satellite provider did not acknowledge that the expiring agreement with Nexstar was reached at the end of 2016. As a result, over the past four years, DISH has benefited from the fact that nexstar has been paid significantly below Nexstar`s market relocation authorization fee, while inserting significant rate increases for its subscribers. DISH ignores the fact that Nexstar`s network costs continue to increase due to the reverse comp (programming and content payments from local broadcasters such as Nexstar to networks). In addition, Nexstar continued to invest for viewers and distributors, expanding local news and other programs in its markets, purchasing expensive weather equipment and offering a wide range of enhanced services in its local communities. IRVING, TX – Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced today that DISH Network (“DISH”) (Nasdaq: DISH) is at risk of losing network and local community programs at 7:00 p.m. .m in 115 markets. (local time) on Wednesday, December 2, 2020, as DISH has not yet entered into a new distribution agreement allowing satellite television to rebroadcast Nexstar`s high-priced program. Millions of viewers across the country are at risk of losing local news, transportation, weather, sports and entertainment from Nexstar`s 164 television channels.

On September 26, Fox channels went to see Dish customers after they could not reach an agreement. Dish claimed that Fox was demanding double-digit price increases, while Fox claimed that the satellite TV service provider was using the blackout as a trading round. In the end, they agreed on a compromise. DISH Network Corporate Communications, press@dish.com or 720-514-5351 Customer Service, executivecustomerservice@dish.com Employment Verification, voe@dish.com While Nexstar continues to hope that a solution can be found today, Nexstar does not want to reach an agreement with Nexstar, Nexstar intends to actively inform consumers in the relevant markets on how to continue to receive their preferred network programming, detailed local messages, other content and programs relevant to their communities and critical updates in case of emergency. “Since July, Nexstar has been negotiating relentlessly and in good faith its attempt to secure a multi-year contract acceptable to both parties with Dish and offers Dish the same fair market terms it offers to other major distributors with which it has entered into successful negotiations in 2019 and 2020,” nexstar said in a press release released today. “Despite the fact that nearly $11 billion in revenue was generated in the first nine months of this year and that a multi-billion dollar acquisition of a mobile phone company was completed, Dish has proposed rates that go backwards and risk not only removing Nexstar`s local channels, but also removing Nexstar`s cable network, WGN America, from its system.” “Since July, Nexstar has been negotiating relentlessly and in good faith its attempt to secure a multi-year contract acceptable to both parties with DISH and offers DISH the same fair market conditions it offers to other major distributors with which it has entered into successful negotiations in 2019 and 2020,” Nexstar`s statement said.

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