NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE:CBS) (NYSE:CBS.A) today announced it has reached comprehensive retransmission consent agreements with nine separate cable operators, including several Top 25 MSOs, covering more than one million subscribers nationally. All of the agreements include analog, digital, multicast and high-definition rights to programming on CBS owned-and-operated television stations.
"We're pleased to have forged these long-term, forward-looking partnerships with so many cable operators," said Leslie Moonves, President and CEO, CBS Corporation. "Clearly there is a new paradigm in the marketplace -- one that recognizes the value of the content that we bring to our various audiences. This is a trend that bodes well for us going forward as future retransmission deals are negotiated."
Terms of the agreements were not disclosed.
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW -- a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime and CSTV Networks), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products) and video/ DVD (CBS Home Entertainment). For more information, log on to www.cbscorporation.com.
Source: CBS Corporation
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