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DirecTV, Nexstar reach distribution deal to end blackout
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(Reuters) — DirecTV said on Monday it had reached a multi-year deal with Nexstar Media Group (NASDAQ:NXST) that would return the local broadcaster's content to the AT&T-controlled distributor's network after a more than two-month blackout.
The financial terms of the deal were not disclosed.
The move brings back 176 Nexstar-owned television stations and its national cable news network, NewsNation, back to DirecTV customers.
DirecTV, in which AT&T (NYSE:T) has a 70% stake, removed Nexstar's programming from its platforms on July 2 over a dispute on viewer fees.
On Sunday, the companies agreed to temporarily restore programming from Nexstar, the largest local TV station owner in the United States.
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