08.03.2010 11:50 AM
CBS and Comcast Sign 10-Year Retrans Agreement
CBSi
NEW YORK: CBS and Comcast today announced a comprehensive, 10-year agreement providing retransmission consent of the Eye network’s television stations until 2020. The pact also includes carriage of all the Showtime Networks, the launch of the Smithsonian Channel, and expanded distribution of CBS College Sports. Comcast in turn will get more access to CBS and Showtime programming for on-demand cable and onlinCBSie platforms.

The deal comes as Comcast awaits regulatory approval of its proposed majority acquisition of NBC Universal. The cable operator has stayed out of a movement led by Time Warner Cable to overhaul retransmission consent rules. TWC, along with several cable and lobbying groups formed the American Television Alliance to persuade lawmakers and the Federal Communications Commission to prohibit TV stations from pulling signals during retrans negotiations.

CBS has 29 owned-and-operated TV stations--14 that program the CBS network and 15 that program The CW. The Smithsonian Channel is a joint venture between CBS’s Showtime Networks and the eponymous institution. Comcast has 23.2 million video subscribers, and 16.4 million broadband and 8.1 million voice customers, plus numerous cable networks and several professional sports teams.

Financial terms of the 10-year agreement between the two were not disclosed. CBS shares gained 5 percent on the news to reach $15.41 at mid-day. CBS Corp. stock (NYSE: CBS) is up around 10 percent year-to-date. Comcast shares dipped by around a nickel to $19.42. Shares of Comcast (NASDAQ: CMSCA) have gained 15 percent year-to-date.

-- Deborah D. McAdams



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Sue Sillitoe, White Noise PR /   Monday 10:45 AM
100 Free DPA Microphones – How Do You Wear Yours?

 
Featured Articles
Discover TV Technology