ViacomCBS (VIAC-5.0%) and Nexstar Media (NXST-1.5%) announced that the latter's wholly owned subsidiary and its operating partners have reached comprehensive multi-year agreements to renew the existing CBS Television Network affiliations in 39 markets across the country.
The 39 markets combined reach 14% of the U.S. audience catering to 17.4M television households.
With this, all of ViacomCBS and Nexstar's affiliation renewals are completed.
Nexstar’s CBS affiliates will continue to be locally available to subscribers on Paramount+ and widely distributed across vMVPD platforms.
Financial terms of the agreement remain undisclosed.