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Nexstar Broadcasting has struck a deal to manage Four Points Media Group. Under the terms of the agreement, announced Monday (March 23), Nexstar will provide a full range of management services for the group’s seven stations in four markets, including station operations, sales, promotion, programming, e-media and finance. The three-year management arrangement is effective March 20, 2009 and extends through March 31, 2010.
The deal represents a new revenue stream for Nexstar. In addition to an annual management fee of $2 million per year, Nexstar will be eligible for other incentive compensation based on the broadcast cash flow of the Four Points stations.
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