EXPLAINED: Paramount global and nexstar media renew affiliation agreements - The Real Truth

IRVING, Texas and NEW YORK—Nexstar Media Group, Inc. and Paramount Global have announced that Nexstar and its operating partner, Mission Broadcasting, Inc. have reached comprehensive multi-year agreements to renew CBS Television Network affiliations in 42 markets across the country. The deal covers 40 stations owned by Nexstar and two stations owned by Mission; together, the 42 stations reach 15% of the U.S. audience, serving nearly 19 million television households. 

In addition, Nexstar and Paramount announced that two Paramount-owned independent stations in Miami, Florida, and Detroit, Michigan, both top-20 markets, will become affiliates of The CW Network on September 1.