CBS and Altice Strike Carriage Deal
July 29 2019 - 11:43AM
Dow Jones News
By Benjamin Mullin
CBS Corp. (CBS) and Altice USA (ATUS) said Monday they reached a
new carriage agreement that will allow Altice to show CBS
programming to its pay-TV subscribers.
Financial terms of the multiyear deal weren't disclosed.
The agreement, which covers Altice's Optimum and Suddenlink
cable systems, allows the TV provider to show content from CBS
networks including Showtime, CBS Sports Network, Pop TV and
Smithsonian Channel. The deal also gives Altice the right to
retransmit broadcasting from CBS-owned TV stations.
The deal comes as CBS is negotiating an agreement with AT&T
Inc. to show its programming on the company's DirecTV, DirecTV Now
and U-verse pay-TV systems. CBS programming has gone dark on
AT&T's (T) systems, depriving about 6.6 million AT&T
customers of CBS shows, after the two companies couldn't reach an
agreement.
Write to Benjamin Mullin at benjamin.mullin@wsj.com
(END) Dow Jones Newswires
July 29, 2019 11:28 ET (15:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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