Cablevision and CBS Reach New Comprehensive Content Carriage Agreement
August 25 2015 - 10:00AM
Business Wire
Cablevision Is the First CBS Distribution
Partner to Announce Plans to Deliver CBS All Access and SHOWTIME
Internet Services
Renewal Covers CBS-Owned Stations As Well As
SHOWTIME, CBS Sports Network and Smithsonian Channel
Cablevision Systems Corporation (NYSE: CVC) and CBS
Corporation (NYSE: CBS.A and CBS) today announced a
broad-based multi-year content carriage agreement. The new deal
covers retransmission consent for CBS-owned stations, and the
continued carriage of SHOWTIME®, CBS Sports Network and Smithsonian
Channel™. Financial terms were not disclosed.
As part of the new agreement, Cablevision is the first cable or
satellite provider to announce plans to distribute CBS All Access
and SHOWTIME Internet services to its Optimum Online
customers. Pricing plans, timing and other particulars will be
provided at a later time.
“This comprehensive new agreement builds on our strong
relationship with CBS and ensures that every Optimum customer gets
the highly popular CBS content they want across multiple platforms
and screens,” said Tom Montemagno, executive vice president,
programming, Cablevision. “As the first distributor to agree to
provide CBS’ new Internet services, Cablevision continues to expand
its portfolio of next-generation offerings, connecting customers to
the programming they value when and where they want it.”
“We are pleased with this new agreement that meets all of our
economic and strategic goals,” said Ray Hopkins, president,
television networks distribution, CBS Corporation. “Cablevision has
long been a terrific partner and we once again look forward to
providing CBS and SHOWTIME programming to the viewers we share for
years to come.”
Cablevision serves more than 3 million customers in the
tri-state area with its Optimum-branded TV, phone and Internet
services. Optimum TV offers customers access to hundreds of
channels, including more than 80 movie channels; 50 channels of
commercial-free digital music; tens of thousands of titles
available on demand at all times; an interactive programming guide;
more than 160 high-definition channels; and uniquely valuable and
relevant local content through News 12 Networks, MSG Varsity and
their companion interactive television applications. Optimum Online
offers an unparalleled internet experience, including a wide range
of high-speed internet product tiers that are designed to provide
the right speeds for every type of user as well as access to
Optimum WiFi, the nation’s most robust WiFi network with more than
1.3 million hotspots across the tri-state area. For more
information on Optimum services visit www.optimum.com.
About Cablevision Systems Corporation
Cablevision Systems Corporation is a leading media and
telecommunications company, serving millions of households and
businesses throughout the greater New York area. Providing quality
products that keep customers connected, Cablevision offers
Optimum-branded digital cable television, high-speed Internet and
voice services as well as Optimum WiFi, the nation's most robust
WiFi network. The company recently introduced Freewheel, a new
low-cost WiFi-exclusive phone service that provides unlimited data,
talk and text. Cablevision’s Lightpath subsidiary is a premier
provider of integrated business communications solutions for larger
companies. Through its local media and programming properties –
News 12 Networks and Newsday Media Group – Cablevision also
delivers news and information created specifically for the
communities it serves. Additional information about Cablevision is
available at www.cablevision.com.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150825005860/en/
For Cablevision:Lisa Anselmo,
516-803-2362lanselmo@cablevision.comorJanet Meahan,
516-803-3947jmeahan@cablevision.comorFor CBS:Dana
McClintock, 212-975-1077dlmcclintock@cbs.comorKelli Raftery,
818-655-1598kelli.raftery@cbs.com
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