The battle between TV networks and their affiliates for retransmission dollars could be heating up. Perry Sook, the outspoken chairman, president and CEO of Nexstar Broadcasting said Wednesday (Nov. 11) that retransmission dollars belonged to the stations, not the networks.
“I don’t understand why [the TV networks] think they would have a right to some of the revenue stream we developed,” Sook said during the company’s third quarter earnings call. “With all due respect to the networks, network programming is not the main reason we are receiving compensation; it’s the local programming.”
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