By Sam Boughedda
Investing.com — DISH Network Corporation (NASDAQ: DISH ) and media company Sinclair Broadcast Group Inc (NASDAQ: SBGI ) announced on Monday that they have reached a new, multi-year carriage agreement.
Sinclair shares rose more than 2.2% Monday with DISH's stock price down 0.9%.
The agreement ensures Sinclair's 144 local stations in 86 markets across the U.S. will remain on DISH TV, while the Tennis Channel will remain available on DISH TV and Sling TV.
The companies had been at odds over a new carriage agreement, with short-term extensions being applied while negotiations were ongoing.
"We are pleased to have reached a multi-year agreement with Sinclair after months of negotiations," stated Brian Neylon, group president, DISH TV.
"Sinclair has been a good long-term partner to work with. Both sides have been committed to keeping our customers top of mind and not putting them in the middle of our negotiations. After several contract extensions, we have arrived at a fair agreement that benefits all parties, especially our customers."
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