DIRECTV announced that it has reached multi-year business agreement with Newsmax Media, Inc. for the distribution of conservative Newsmax TV.
“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.”
The agreement will see Newsmax TV return to DIRECTV, DIRECTV STREAM, and U-verse on March 23, 2023.
The agreement comes after the two companies were initially unable to agree on financial terms to extend their carriage agreement, which resulted in DIRECTV losing the rights to distribute Newsmax TV programming on January 25, 2023.
DIRECTV CEO, Bill Morrow, said, “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. 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 TV 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.
The financial terms of the agreement were not disclosed.