Stations have said that means agreements don’t always end up with fee increases they consider to be appropriate. Given that nearly 6 million customers ditched their pay-TV service in 2022, some content owners have opted to renew deals with vMPVDs in order to retain scale or achieve other strategic objectives. Station owners like Nexstar and others have said they feel unfairly disadvantaged by the contractual right of network programmers - Paramount, in the case of the Fubo situation - to negotiate carriage deals. While any blackout is not ideal, Carter conceded, the stakes in the Fubo-CBS tangle involve “a relatively minor amount of money.” Virtual MVPDs like Fubo account for less than 10% of overall distribution revenue at Nexstar, which in turn is about half of total company revenue, which reached $5.2 billion in 2022.įubo, which ended 2022 with 1.445 million subscribers in the U.S., has opted to furnish its customers with the national CBS feed, but local news and other market-specific offerings remain in the dark pending a breakthrough in talks. “We think that’s sticky for at least the foreseeable future,” Carter said. TV stations as well as national networks like The CW and NewsNation, has research suggesting about 75% of people older than 45 still have pay-TV subscriptions. The company, which owns the largest collection of U.S. Rather than a cliff or inflection point, Carter says, Nexstar expects more of a plateau.
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