Nexstar & Optimum Reach Carriage Agreement After Standoff
deadline.comAfter multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA. The partnership agreement was announced Saturday, and although the terms were not released, programming has already been restored to two million subscribers of Optimum TV, which is owned by the U.S.
arm of French telecom giant Altice. Last week, 63 Nexstar Media Group local stations and cable network NewsNation went dark due to the carriage dispute.
Like other pay-TV operators, Altice has struggled with cord-cutting and has articulated a view about the video business being less essential than it has historically been given growth in its broadband and wireless operations.
Patrick Drahi, the European tycoon who runs parent company Altice, is burdened by significant debt and shrinking valuations for some of his key holdings.
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