CBS, DirecTV Agree to New Carriage Deal
CBS have agreed upon a new long-term carriage deal with DirecTV.
The pact with the satellite distributor covers retransmission consent for CBS owned stations and continued carriage of Showtime, CBS Sports Network and Smithsonian Channel.
Terms of the new deal haven't been released.
CBS is expected to book as much as $300 million in retransmission fees this year.
“We are very pleased with these renewals,” said Martin Franks, CBS' executive vp for planning, policy and government relations. “DirecTV clearly recognizes the value our stations and our cable channels bring to the audiences we share, and we have once again demonstrated how two great companies can come together to forge mutually beneficial free market agreements.”
“This is great news for our customers, who will continue to enjoy CBS and Showtime quality content for many years to come,” said Derek Chang, executive vp, content strategy and development, at DirecTV.