Sinclair Broadcast And Nexstar Media Announce Agreement On Market Transition From ATSC 1.0 To ATSC 3.0 “NextGen” Services

SINCLAIR BROADCAST AND NEXSTAR MEDIA ANNOUNCE AGREEMENT ON MARKET TRANSITION FROM ATSC 1.0 TO ATSC 3.0 “NEXTGEN” SERVICES

IRVING, Texas and BALTIMORE, Maryland – July 20, 2017 – In preparation for the approval of ATSC 3.0 by the Federal Communications Commission (“FCC”) as well as the implementation of national television station repacking, Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”) and Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) (collectively “the Companies”) have reached a tentative agreement on principles to coordinate the transition of the over-the-air delivery of ATSC 3.0 “NextGen” television services in 97 television markets.  The transition is a complicated process requiring coordination and cooperation between in-market television broadcasters.  The tentative agreement — made pursuant to Companies’ previously announced Spectrum Consortium that promotes spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector — includes 43 markets where both Companies own a television station, and a plan to spearhead the transition for shared “NextGen” services in the 54 markets where only one of the Companies owns or operates stations.

Read more…Press Release – ATSC 1 0 to ATSC 3 0_FINAL

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