Newsmax, DIRECTV Finalize Renewal

Programming to Resume on DIRECTV, DIRECTV Stream And U-verse

EL SEGUNDO, Calif. and BOCA RATON, Fla., March 22, 2023 /PRNewswire/ -- DIRECTV and Newsmax Media, Inc. announced today that they reached a business agreement for a multi-year distribution deal that will return the Newsmax channel to DIRECTV, DIRECTV STREAM and U-verse on March 23, 2023

When the two companies were initially unable to agree on financial terms to extend their carriage agreement, DIRECTV lost the rights to distribute the programming on January 25, 2023. Unfortunately, this is a common occurrence in the pay TV industry, and often consumers are caught in the middle.

"Newsmax recognizes and appreciates that DIRECTV clearly supports diverse voices, including conservative ones," said Christopher Ruddy, CEO of Newsmax. "As a standalone company, DIRECTV helped give Newsmax its start nearly a decade ago as it continues to do with upcoming news networks, which is why we are pleased to reach a mutually beneficial agreement that will deliver our network to DIRECTV, DIRECTV STREAM and U-verse customers over the next several years "

"This resolution with Newsmax, resolving an all-too-common carriage dispute, underscores our dedication to delivering a wide array of programming and perspectives to our customers," said Bill Morrow, CEO of DIRECTV "Through our persistent negotiations, we reached a resolution under mutually-agreeable business terms allowing us to deliver the conservative news network at the right value – a reflection of the free market at work."

Newsmax will be available on DIRECTV, DIRECTV STREAM and U-verse at no additional cost to customers, rejoining the now expanded and diversified news lineup which includes six 24/7 news networks –CNN, Fox News, MSNBC, Newsmax, NewsNation, and The First.

This agreement marks DIRECTV's latest successful resolution of a carriage dispute, an unfortunate but increasingly frequent occurrence involving nearly every pay TV and streaming provider attempting to keep rising consumer costs in check. Over the past five years alone, the industry has endured no less than 140 distinct disputes pitting programmers or station groups against their primary distributors. While some resolve in as little as a few hours to days or weeks, others last several months to more than a year. During that same timeframe, DIRECTV has resolved public disputes with approximately 50 programmers or station groups, typically lasting a few days or weeks, but routinely extending to several months in some instances

About NEWSMAX:

Newsmax Media, Inc operates Newsmax, one of the nation's leading news outlets

The Newsmax channel is carried on all major cable and satellite systems Newsmax's media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications like Newsmax Magazine Forbes has called Newsmax "a news powerhouse