The station owner is outsourcing financial management of its retransmission consent agreements with cable, telco and satellite operators to Cable Audit Associates.
Nexstar Broadcasting Group has selected Cable Audit Associates (CAA) to provide financial management outsourcing services in support of the station group’s retransmission consent agreements with cable, telco and DTH satellite operators.
CAA will provide a suite of accounting and administrative services to Nexstar that will include contract management, subscriber database setup and maintenance, remittance processing, revenue reconciliation, accounts receivables management and collections.
“By enlisting the support of CAA in our efforts to maximize the value of our retransmission consent agreements, we are able to provide ourselves with even more bandwidth to leverage further our management team’s successful operational performance and strategy” said Perry A. Sook, Nexstar chairman, president-CEO. “CAA’s experiences in transactions-based financial management will be very helpful to our stations as they seek to achieve the highest returns on investment in their programming distributed by cable, telco and satellite video platforms.”