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Statement on Nexstar Merger: Customers Forced to Pay MoreATLANTA, Jan. 28, 2016 /PRNewswire/ -- Statement by Cox Communications on the proposed merger of Nexstar and Media General: Cable TV/satellite customers forced to pay more with Nexstar merger Nexstar announced yesterday its intent to purchase Media General for $4.6 billion. Cox Communications strongly urges the public to voice its opposition of the merger to the Federal Communications Commission (FCC). Nexstar is demanding Cox Communications customers pay triple the current price for retransmission consent or Nexstar will remove their signal from the Cox Communications lineup on January 29. Nexstar won't even accept the very same rate that stations they manage agreed to just two weeks ago. As reported in Broadcasting and Cable Magazine, "...Nexstar sees the merger as a way to improve retransmission consent renegotiations... The new Nexstar Media Group's 171 full power broadcast stations will be the most of any television group in the nation." Nexstar should not be allowed to become a larger company, which would force more cable TV/satellite companies and ultimately customers to pay higher fees for retransmission consent. This merger is bad for business, bad for consumers and is not in the public interest. Federal Communications Commission (FCC) contact information: https://www.fcc.gov/about/contact. About Cox Communications Logo - http://photos.prnewswire.com/prnh/20140918/147048 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/statement-on-nexstar-merger-customers-forced-to-pay-more-300211419.html SOURCE Cox Communications |