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Disney-Fox-WBD Sports Bundle Raises “More Questions Than Answers” For Nexstar Exec Mike Biard, But He Sees Upside If Venture Does “Actually Launch”
Nexstar President and COO Mike Biard decried "significant misinterpretation and market overreaction" to a recently announced sports streaming bundle.
Nexstar President and COO Mike Biard says there has been “significant misinterpretation and market overreaction” to the sports streaming bundle announced by Disney, Fox and Warner Bros. Looking to clarify what CEO Perry Sook described as “noise” after the streaming JV news, Biard said, “To be clear, Nexstar will have the option of opting in to secure carriage and compensation for our ABC and Fox affiliated stations. NBCU’s Peacock found success with a high-profile example of that strategy, an NFL playoff game last month that was exclusive to the streaming service everywhere but in the two teams’ home markets.
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