NEW YORK, July 9, 2015 /PRNewswire/ -- CBS Corporation
(NYSE: CBS.A and CBS) and Sinclair Broadcast Group, Inc.
(NASDAQ: SBGI) have announced a comprehensive deal that renews
station affiliation agreements for 16 markets nationwide. The
markets renewed cover six percent of the U.S. and serve
approximately seven million households.
"Sinclair is an important and valued local broadcasting
partner," said Ray Hopkins,
President, Television Networks Distribution, CBS Corporation. "We
are pleased to enter another affiliation agreement with them, and
in so doing, realize the full value for the programing we will
provide to their stations."
Sinclair's Executive Vice President and General Counsel,
Barry Faber, who oversees both
Sinclair's relationships with its networks as well as with the
multichannel video program distributors (MVPDs) who retransmit
Sinclair's television stations, stated, "As one of the largest
CBS station groups in the country, we are pleased to continue our
relationship with the CBS Television Network, a provider of some of
the most popular entertainment and sports programming. The
long-term renewed agreements include all of our CBS affiliations
expiring in 2015, as well as an early renewal of all agreements
expiring in 2016, with terms that reflect the symbiotic
relationship between us and our network partner, ensuring our
interests are fully aligned. In addition, the new deal
provides us visibility on our network programming costs, and
therefore positions us to appropriately price our retransmission
consent rights in our negotiations with MVPDs as we move towards
fully realizing the value of the programming offered by our
stations."
The agreement includes renewals for 15 Sinclair-owned CBS
affiliates: WRGB in Albany-Schenectady,
N.Y.; KBAK-TV in Bakersfield,
Calif.; KFDM in Beaumont,
Texas; KBOI in Boise,
Idaho; WKRC in Cincinnati,
Ohio; KRCG in Columbia-Jefferson
City, Mo.; KDBC in El Paso,
Texas; KVAL in Eugene,
Ore.*; WWMT in Grand
Rapids-Kalamazoo, Mich.;
WHP in Harrisburg, Pa.; KTVL in
Medford, Ore.; KTVO in
Ottumwa, Iowa-Kirksville, Mo.; KHQA in Quincy, Ill.-Hannibal, Mo.; WPEC in West Palm Beach, Fla.; and KIMA-TV** in
Yakima, Wash. CBS has also renewed
its affiliation with KMEG in Sioux City,
Iowa, a station to which Sinclair provides sales and other
services.
(* Includes KCBY in Coos Bay,
Ore. and KPIC in Roseburg,
Ore.)
(** Includes KEPR in Pasco,
Wash. and KLEW in Lewiston,
Idaho.)
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, radio, local TV, film, and interactive
and socially responsible media. CBS's businesses include CBS
Television Network, The CW (a joint venture between CBS Corporation
and Warner Bros. Entertainment), CBS Television Studios, CBS Global
Distribution Group (CBS Studios International and CBS Television
Distribution), CBS Consumer Products, CBS Home Entertainment, CBS
Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop
(a joint venture between CBS Corporation and Lionsgate),
Smithsonian Networks, Simon & Schuster, CBS Television
Stations, CBS Radio and CBS EcoMedia. For more information, go to
www.cbscorporation.com.
About Sinclair Broadcast Group, Inc.
Sinclair is the
largest and one of the most diversified television broadcasting
companies in the country with 162 television stations it owns,
operates and/or provides services to in 79 markets broadcasting 375
channels, and affiliations with all the major
networks. Sinclair is the leading local news provider in the
country, as well as a producer of sports content. Sinclair's
broadcast content is delivered via multiple-platforms, including
over-the-air, multi-channel video program distributors, and digital
platforms. Sinclair regularly uses its website as a key
source of company information which can be accessed at
www.sbgi.net
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SOURCE CBS Corporation