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Nexstar & Optimum Reach Carriage Agreement After Standoff
After stations went dark, Nexstar has reached a carriage agreement with Altice USA, restoring programming to two million Optimum TV subscribers.
The partnership agreement was announced Saturday, and although the terms were not released, programming has already been restored to two million subscribers of Optimum TV, which is owned by the U.S. arm of French telecom giant Altice. Patrick Drahi, the European tycoon who runs parent company Altice, is burdened by significant debt and shrinking valuations for some of his key holdings. Along with New York, markets with at least 10% penetration by the local Nexstar affiliate on Optimum include Greenville, NC; Lubbock, TX; Alexandria, LA; Hartford, CT; Clarksburg, WV, according to a person familiar with the system map.
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