• Mediaweek, Friday, February 20, 2009 9:45 AM

Nexstar Broadcasting Group is known as the pioneering TV broadcaster that refused to give away its signals to cable operators for free. It announced this week that it expects to generate more than $75 million in revenue from retransmission agreements it reached in 2008.

Early last year, Nexstar reported that approximately $23.5 million in agreements were up for negotiation. "The more than $75 million from the new consent agreements represents extraordinary growth," says Perry Sook, company CEO.

The broadcaster, which owns or operates 52 TV stations, has renewed and reached new multi-year retransmission consent agreements with 179 cable operators, direct broadcast satellite providers and telcos. The boost in income contributes to the company's overall revenue growth of 9% in 2008. This year Nexstar has several additional retransmission agreements up for re-negotiation.

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