Monday, March 20, 2006

CBS and Verizon Sign Programming Agreement

Via Reuters.

CBS Corp. said on Monday it has landed a new distribution agreement with Verizon Communications Inc., in what is seen as a milestone deal for the TV broadcaster to charge fees for retransmitting local channels.

CBS declined to disclose any financial terms, but a source familiar with discussions said the deal fulfills the company's controversial promise to charge television service providers for retransmitting its broadcast signal in markets where CBS owns a TV station.

More here.

posted by Fergie @ 3/20/2006 03:39:00 PM

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