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AT&T, Nexstar resolve retrans dispute

AT&T Inc. resolved its nearly two-month retransmission dispute with Nexstar Media Group Inc.

The companies struck a new multiyear retransmission consent agreement that will allow Nexstar-owned network affiliated and local broadcast stations to return to customers of AT&T's video platforms in 97 markets across the U.S.

Financial terms of the new distribution agreement were not disclosed. The two companies said they regret the inconvenience caused for customers and advertisers.

Nexstar stations went dark for AT&T customers at 11:59 p.m. ET on July 3 after DIRECTV rejected an offer to extend the previous distribution agreement between the parties.

"Our customers want more choice and value and we are pleased to deliver that through this new agreement with Nexstar and its many local stations," Rob Thun, senior vice president of content and programming at AT&T Communications, said in an Aug. 29 statement.