NEWS ANNOUNCEMENT For Immediate Release
UNIVISION LOCAL MEDIA JOINS THE SINCLAIR AND NEXSTAR CONSORTIUM TO
PROMOTE BROADCAST SPECTRUM AGGREGATION, INNOVATION AND MONETIZATION
IRVING, Texas and BALTIMORE, Maryland – June 1, 2017 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar”) and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”), (together referred to as “the Parties”) announced today that Univision Local Media, Inc. (“Univision”) is now a party to the memorandum of understanding regarding the establishment of a consortium that will promote spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector. The consortium, has agreed to collaborate on a non-exclusive basis and continues to welcome the inclusion of other television broadcasting entities. Together, Nexstar, Sinclair and Univision reach approximately 90% of the country.
Read more…NXST-SBGI Consortium Adds Univision 6-1-17 FINAL