Plunging new frontiers of exhaustion, Dish Network's (NASDAQ: DISH) program licensing team finds itself in another down-to-the-wire retrans renewal negotiation, with Nexstar Broadcasting Group granting a third extension to the satellite operator Tuesday as talks continue.
The extension keeps 60 Nexstar stations in 46 markets on Dish through 12:00 a.m. Wednesday morning.
"For over two months, Nexstar has been negotiating in good faith to establish a mutually agreeable contract with Dish and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets," Nexstar said in a statement released Tuesday.
An impasse over retransmission renewal between Dish and CBS Corp. culminated Friday in a blackout that kept CBS-owned stations and Showtime off the satellite service through the wee hours on Saturday morning, when a new long-term deal was finally carved out.
Separately, Dish is also bogged down in talks with Turner Networks and Comcast (NASDAQ: CMCSA) regional sports networks over long-term agreements.
Reportedly complicating Dish's negotiations is the aggressive push the operator is making for over-the-top rights.
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