NEW YORK, July 29, 2019 /PRNewswire/ -- CBS
Corporation (NYSE: CBS.A and CBS) and Altice USA (NYSE: ATUS) today announced a
comprehensive, multi-year content carriage agreement.
The new deal covers retransmission consent for CBS-owned
stations and the carriage of SHOWTIME™, CBS Sports Network, Pop TV
and Smithsonian Channel™ on Altice's Optimum and Suddenlink cable
systems. The agreement also enables Altice to continue offering the
SHOWTIME digital streaming service to its broadband customers.
Financial terms were not disclosed.
"We are pleased to strike a fair marketplace deal with Altice
for CBS, SHOWTIME, CBS Sports Network, Pop TV and Smithsonian
Channel well in advance of our expiration and without any
disruption to consumers. We appreciate the value Altice places on
delivering America's #1 network to its customers," said
Ray Hopkins, President, Television
Networks Distribution, CBS Corporation. "Altice is a great partner,
and we look forward to continuing to bring our highly-rated
programming and exclusive major sporting events to all of Altice's
customers."
"Altice USA is committed to
delivering a wide array of high-quality content for our customers
at competitive, fair rates, and this new agreement with CBS allows
us to meet that objective," said Yossi
Benchetrit, Head of Programming for Altice USA. "We are pleased to extend our
longstanding partnership with CBS, enabling the CBS network
portfolio to remain available to our customers as part of Altice's
Optimum and Suddenlink TV lineups."
About ALTICE
Altice USA (NYSE: ATUS) is one
of the largest broadband communications and video services
providers in the United States,
delivering broadband, pay television, telephony services, Wi-Fi
hotspot access, proprietary content and advertising services to
approximately 4.9 million residential and business customers across
21 states through its Optimum and Suddenlink brands.
About CBS Corporation:
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company
that creates and distributes industry-leading content across a
variety of platforms to audiences around the world. The Company has
businesses with origins that date back to the dawn of the
broadcasting age as well as new ventures that operate on the
leading edge of media. CBS owns the most-watched television network
in the U.S. and one of the world's largest libraries of
entertainment content, making its brand -- "the Eye" -- one of the
most-recognized in business. The Company's operations span
virtually every field of media and entertainment, including cable,
publishing, local TV, film and interactive. CBS' businesses include
CBS Television Network, The CW (a joint venture between CBS
Corporation and Warner Bros. Entertainment), Network 10 Australia,
CBS Television Studios, CBS Global Distribution Group, CBS Consumer
Products, CBS Home Entertainment, CBS Interactive, CBS All Access,
the Company's direct-to-consumer digital streaming subscription
service, CBS Sports Network, CBS Films, Showtime Networks, Pop,
Smithsonian Networks, Simon & Schuster, CBS Television Stations
and CBS Experiences. For more information, go to
www.cbscorporation.com.
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SOURCE CBS Corporation