Nexstar Media Enters Into Time Brokerage Agreement With KAZT-TV in Phoenix, Arizona
January 08 2024 - 8:00AM
Business Wire
KAZT-TV to Become Affiliate of The CW
Network on February 1
Multi-Year Agreement Provides Nation’s
Leading Local TV Broadcaster with a Partner in the Country’s 11th
Largest Television Market
Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it
has entered into a multi-year time brokerage agreement with KAZT-TV
in Phoenix, Arizona, the nation’s 11th largest television market.
On February 1, KAZT-TV will become an affiliate of The CW Network,
home to LIV Golf, ACC college football and basketball, WWE NXT
beginning this fall and NASCAR Xfinity Series Racing in 2025.
Financial terms of the agreement were not disclosed.
Under terms of the agreement, Nexstar will provide KAZT-TV with
programming and other services to strengthen the station’s
relationship with the local community, including management of its
sales, promotion, marketing, and technical operations. As a result
of the agreement, Nexstar will own or provide services to local
television stations in ten of the 15 largest TV markets in the
U.S., and 18 of the top 25.
“We’re pleased to enter into this agreement with KAZT-TV,
especially since Arizona will once again be a battleground state in
this year’s Presidential election,” said Andrew Alford, President
of Nexstar’s broadcasting division. “We’re looking forward to
helping KAZT-TV expand its service to Phoenix-area viewers and
forge an even deeper connection to the community. We know that
adding the live sports and entertainment programming of The CW
Network will enable KAZT-TV to establish new and meaningful
relationships with a variety of advertising and marketing
clients.”
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading
diversified media company that produces and distributes engaging
local and national news, sports and entertainment content across
its television and digital platforms, including more than 300,000
hours of programming produced annually by its business units.
Nexstar owns America’s largest local broadcasting group comprised
of top network affiliates, with 200 owned or partner stations in
116 U.S. markets reaching 212 million people. Nexstar’s national
television properties include The CW, America’s fifth major
broadcast network, NewsNation, America’s fastest-growing national
cable news network, popular entertainment multicast networks
Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food
Network. The Company’s portfolio of digital assets, including its
local TV station websites, The Hill and NewsNationNow.com, are
collectively a Top 10 U.S. digital news and information property.
For more information, please visit nexstar.tv.
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version on businesswire.com: https://www.businesswire.com/news/home/20240105111257/en/
Media Contact: Gary Weitman EVP & Chief Communication
Officer Nexstar Media Group, Inc. 972/373-8800 or
gweitman@nexstar.tv
Investor Contact: Joseph Jaffoni or Jennifer Neuman JCIR,
Inc. 212/835-8500 or nxst@jcir.com
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